# Baker Street Advisors, LLC

> Baker Street Advisors, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2003, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.

- CRD: 128066
- Filed as: BAKER STREET ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: July 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/128066
- AdvisorCensus page: https://advisorcensus.com/firm/baker-street-advisors-llc-san-francisco-ca-128066

## Quick answers

**How is Baker Street Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Baker Street Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Baker Street Advisors, LLC located?**
Baker Street Advisors, LLC's principal office is in San Francisco, CA, according to its Form ADV.

**Is Baker Street Advisors, LLC registered with the SEC or a state?**
Baker Street Advisors, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 128066.

**How much does Baker Street Advisors, LLC manage?**
Baker Street Advisors, LLC reports $20,770,000,000 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (100% discretionary).

**How have Baker Street Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Baker Street Advisors, LLC: Regulatory assets under management: $11,800,000,000 in the October 2021 data and $20,770,000,000 in the October 2026 data, up 76%. Total employees: 48 in October 2021 and 63 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Baker Street Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (504); charitable organizations (34).

**Which custodians does Baker Street Advisors, LLC use?**
Baker Street Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Baker Street Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/128066

**Does Baker Street Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated July 30, 2026 says: "Baker Street requires a minimum account size of $5,000,000; however, the Adviser has the discretion to waive the account minimum."

**What changed in Baker Street Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 16 to 15. Regulatory assets under management went from $17,800,000,000 to $20,770,000,000 (+17%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated July 30, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> Baker Street requires a minimum account size of $5,000,000; however, the Adviser has the discretion to waive the account minimum.

- Minimum annual fee: $50,000

> All clients are subject to a minimum annual fee of $50,000.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $20,770,000,000
- Discretionary: $20,770,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 504 | $18,045,000,000 |
| Charitable organizations | 34 | $2,725,000,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2003 (23 years)
- Employees: 63 total, 15 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, LA, MA, NY, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [bakerstreetadvisors.com](https://bakerstreetadvisors.com)
- Facebook @BAKERSTREETADVISORS
- LinkedIn @BAKER-STREET-ADVISORS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $11,800,000,000 | 48 | July 28, 2021 |
| October 2022 | $14,100,000,000 | 49 | May 24, 2022 |
| October 2023 | $13,106,000,000 | 56 | March 29, 2023 |
| October 2024 | $14,500,000,000 | 60 | March 28, 2024 |
| October 2025 | $17,800,000,000 | 62 | April 18, 2025 |
| October 2026 | $20,770,000,000 | 63 | July 30, 2026 |

Regulatory assets under management: $11,800,000,000 in the October 2021 data and $20,770,000,000 in the October 2026 data, up 76%.
Total employees: 48 in October 2021 and 63 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 16 to 15.
- Regulatory assets under management went from $17,800,000,000 to $20,770,000,000 (+17%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Baker Street Advisors, LLC (CRD 128066): Form ADV filing data as of October 2026.