{
  "crd_number": 323404,
  "slug": "borderless-management-llc-clermont-fl-323404",
  "primary_business_name": "BORDERLESS MANAGEMENT LLC",
  "legal_name": "BORDERLESS MANAGEMENT LLC",
  "dbas": [],
  "city": "Clermont",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "36740",
  "metro": {
    "cbsa_code": "36740",
    "common_name": "Orlando",
    "msa_name": "Orlando-Kissimmee-Sanford, FL",
    "path": "/advisors/fl/orlando"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-10-12",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-08-14",
  "carried_forward": false,
  "raum_total": 345355760.0,
  "raum_discretionary": 333058085.0,
  "raum_non_discretionary": 12297675.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 24,
  "advisory_employees": 13,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 333058085.0,
      "count": 19
    },
    "corporations_other_businesses": {
      "raum": 12297675.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "GA",
    "NY",
    "TX"
  ],
  "websites": [
    "https://borderlesscapital.io",
    "https://linkedin.com/company/borderlesscapital",
    "https://medium.com/borderless-capital",
    "https://x.com/borderless_cap"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/323404",
  "city_as_filed": "CLERMONT",
  "url": "https://advisorcensus.com/firm/borderless-management-llc-clermont-fl-323404",
  "display_name": "Borderless Management LLC",
  "summary": "Borderless Management LLC is an SEC-registered investment advisory firm in Clermont, FL, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 14, 2026.",
  "citation": "AdvisorCensus. Borderless Management LLC (CRD 323404): 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)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Borderless Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Borderless Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Borderless Management LLC located?",
      "a": "Borderless Management LLC's principal office is in Clermont, FL, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Borderless Management LLC registered with the SEC or a state?",
      "a": "Borderless Management LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 323404."
    },
    {
      "q": "How much does Borderless Management LLC manage?",
      "a": "Borderless Management LLC reports $345,355,760 in regulatory assets under management in its Form ADV filing dated August 14, 2026 (96% discretionary)."
    },
    {
      "q": "How have Borderless Management LLC's assets and staff changed since 2024?",
      "a": "In the Form ADV data for Borderless Management LLC: Regulatory assets under management: $339,576,141 in the October 2024 data and $345,355,760 in the October 2026 data, up 2%. Total employees: 17 in October 2024 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Borderless Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19); corporations or other businesses not listed above (1)."
    },
    {
      "q": "Does Borderless Management 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/323404"
    },
    {
      "q": "What changed in Borderless Management LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 339576141.0,
      "total_employees": 17,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 435049021.0,
      "total_employees": 27,
      "filing_date": "2025-07-16"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 345355760.0,
      "total_employees": 24,
      "filing_date": "2026-08-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 15 to 13.",
        "Regulatory assets under management went from $435,049,021 to $345,355,760 (-21%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.H(2))."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/borderless-management-llc-clermont-fl-323404.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 19,
      "fewer_than_5": false,
      "raum": 333058085.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 12297675.0
    }
  ],
  "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/323404",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}