# Belzberg & Co.

> Belzberg & Co. is an SEC-registered investment advisory firm in New York, NY, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 16, 2026.

- CRD: 315114
- Filed as: BELZBERG & CO.
- Legal name: Belzberg Investments LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315114
- AdvisorCensus page: https://advisorcensus.com/firm/belzberg-and-co-new-york-ny-315114

## Quick answers

**How is Belzberg & Co. compensated?**
On its Form ADV (Item 5.E, October 2026), Belzberg & Co. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Belzberg & Co. located?**
Belzberg & Co.'s principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Belzberg & Co. registered with the SEC or a state?**
Belzberg & Co. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 315114.

**How much does Belzberg & Co. manage?**
Belzberg & Co. reports $2,327,000,000 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (53% discretionary).

**How have Belzberg & Co.'s assets and staff changed since 2021?**
In the Form ADV data for Belzberg & Co.: Regulatory assets under management: $792,499,012 in the October 2022 data and $2,327,000,000 in the October 2026 data, up 194%. Total employees: 5 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Belzberg & Co. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (90); high net worth individuals (27).

**Which custodians does Belzberg & Co. use?**
Belzberg & Co.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs and JP Morgan Chase & Co. as custodians holding 10% or more of its separately managed account assets.

**Does Belzberg & Co. 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/315114

**What changed in Belzberg & Co.'s recent Form ADV filings?**
In the October 2026 filing data: 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
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs
- JP Morgan Chase & Co.

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: $2,327,000,000
- Discretionary: $1,235,000,000
- Non-discretionary: $1,092,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $2,000,000 |
| High net worth individuals | 27 | $1,090,000,000 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 90 | $1,235,000,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 22 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Key Biscayne, FL

### Websites listed on Form ADV (Item 1.I)
- belzbergco.com
- everbergcapital.com
- LinkedIn @belzberg-co
- LinkedIn @everbergcapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 5 | July 26, 2021 |
| October 2022 | $792,499,012 | 14 | March 25, 2022 |
| October 2023 | $1,271,549,453 | 13 | June 7, 2023 |
| October 2024 | $1,475,805,807 | 15 | March 28, 2024 |
| October 2025 | $1,698,199,578 | 19 | March 31, 2025 |
| October 2026 | $2,327,000,000 | 22 | September 16, 2026 |

Regulatory assets under management: $792,499,012 in the October 2022 data and $2,327,000,000 in the October 2026 data, up 194%.
Total employees: 5 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### August 2026
- Registered or notice-filed in CA, TX.

### April 2026
- Employees performing advisory functions went from 12 to 14.
- Regulatory assets under management went from $1,698,199,578 to $2,327,000,000 (+37%).
- Added an office in Key Biscayne, FL.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Belzberg & Co. (CRD 315114): Form ADV filing data as of October 2026.