{ "crd_number": 298967, "slug": "bh3-fund-advisors-llc-fort-lauderdale-fl-298967", "primary_business_name": "BH3 FUND ADVISORS, LLC", "legal_name": "BH3 FUND ADVISORS, LLC", "dbas": [], "city": "Fort Lauderdale", "state": "FL", "country": "United States", "cbsa_code": "33100", "metro": { "cbsa_code": "33100", "common_name": "Miami", "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL", "path": "/advisors/fl/miami" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2024-06-06", "years_registered": 2, "period": "2026-10-01", "filing_date": "2026-07-07", "carried_forward": false, "raum_total": 578128312.0, "raum_discretionary": 503128312.0, "raum_non_discretionary": 75000000.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 29, "advisory_employees": 13, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 578128312.0, "count": 9 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "FL" ], "websites": [ "https://advisors.bh-3.com", "https://bh-3.com", "https://instagram.com/bh3management", "https://linkedin.com/company/bh3-management" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298967", "city_as_filed": "FORT LAUDERDALE", "url": "https://advisorcensus.com/firm/bh3-fund-advisors-llc-fort-lauderdale-fl-298967", "display_name": "BH3 Fund Advisors, LLC", "summary": "BH3 Fund Advisors, LLC is an SEC-registered investment advisory firm in Fort Lauderdale, FL, registered since 2024, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 7, 2026.", "citation": "AdvisorCensus. BH3 Fund Advisors, LLC (CRD 298967): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is BH3 Fund Advisors, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), BH3 Fund Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "How much does BH3 Fund Advisors, LLC charge?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is BH3 Fund Advisors, LLC located?", "a": "BH3 Fund Advisors, LLC's principal office is in Fort Lauderdale, FL, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is BH3 Fund Advisors, LLC registered with the SEC or a state?", "a": "BH3 Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 298967." }, { "q": "How much does BH3 Fund Advisors, LLC manage?", "a": "BH3 Fund Advisors, LLC reports $578,128,312 in regulatory assets under management in its Form ADV filing dated July 7, 2026 (87% discretionary)." }, { "q": "How have BH3 Fund Advisors, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for BH3 Fund Advisors, LLC: Regulatory assets under management: $175,533,285 in the October 2024 data and $578,128,312 in the October 2026 data, up 229%. Total employees: 28 in October 2024 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does BH3 Fund Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9)." }, { "q": "Does BH3 Fund Advisors, LLC report any disciplinary disclosures?", "a": "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/298967" }, { "q": "What changed in BH3 Fund Advisors, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 11 to 13. Regulatory assets under management went from $526,088,285 to $584,732,168 (+11%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2021-03-05" }, { "period": "2022-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2022-04-01" }, { "period": "2023-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 175533285.0, "total_employees": 28, "filing_date": "2024-05-07" }, { "period": "2025-10-01", "regulatory_assets_under_management": 526088285.0, "total_employees": 28, "filing_date": "2025-03-25" }, { "period": "2026-10-01", "regulatory_assets_under_management": 578128312.0, "total_employees": 29, "filing_date": "2026-07-07" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 11 to 13.", "Regulatory assets under management went from $526,088,285 to $584,732,168 (+11%).", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": "1.5% of assets a year", "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)" ], "quotes": [ "In the case of the BH3 Debt Funds, the Management Fee is generally charged at an annual rate of up to approximately 1.5% and is typically calculated as a percentage of an investor’s contributed capital, committed capital or a combination thereof, as specified in the applicable Governing Documents." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": 1.5, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "In the case of the BH3 Debt Funds, the Management Fee is generally charged at an annual rate of up to approximately 1.5% and is typically calculated as a percentage of an investor’s contributed capital, committed capital or a combination thereof, as specified in the applicable Governing Documents." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/bh3-fund-advisors-llc-fort-lauderdale-fl-298967.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 9, "fewer_than_5": false, "raum": 578128312.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298967", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }