# Bengal Asset Management, LLC

> Bengal Asset Management, LLC is an SEC-registered investment advisory firm in Santa Monica, CA, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 168688
- Filed as: BENGAL ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Santa Monica, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168688
- AdvisorCensus page: https://advisorcensus.com/firm/bengal-asset-management-llc-santa-monica-ca-168688

## Quick answers

**How is Bengal Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bengal Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Bengal Asset Management, LLC located?**
Bengal Asset Management, LLC's principal office is in Santa Monica, CA, according to its Form ADV.

**Is Bengal Asset Management, LLC registered with the SEC or a state?**
Bengal Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 168688.

**How much does Bengal Asset Management, LLC manage?**
Bengal Asset Management, LLC reports $197,646,257 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Bengal Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Bengal Asset Management, LLC: Regulatory assets under management: $134,036,829 in the October 2021 data and $197,646,257 in the October 2026 data, up 47%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bengal Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Bengal Asset Management, 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/168688

**What changed in Bengal Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $168,462,000 to $197,646,257 (+17%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $197,646,257
- Discretionary: $197,646,257
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $197,646,257 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $134,036,829 | 6 | March 29, 2021 |
| October 2022 | $257,697,682 | 6 | June 20, 2022 |
| October 2023 | $273,326,070 | 6 | May 8, 2023 |
| October 2024 | $203,251,000 | 6 | September 4, 2024 |
| October 2025 | $168,462,000 | 6 | March 28, 2025 |
| October 2026 | $197,646,257 | 7 | March 30, 2026 |

Regulatory assets under management: $134,036,829 in the October 2021 data and $197,646,257 in the October 2026 data, up 47%.
Total employees: 6 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $168,462,000 to $197,646,257 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bengal Asset Management, LLC (CRD 168688): Form ADV filing data as of October 2026.