# Borderless Management LLC

> 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.

- CRD: 323404
- Filed as: BORDERLESS MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Clermont, FL
- Filing period: October 2026
- Form ADV filing dated: August 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323404
- AdvisorCensus page: https://advisorcensus.com/firm/borderless-management-llc-clermont-fl-323404

## Quick answers

**How is Borderless Management LLC compensated?**
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.

**Where is Borderless Management LLC located?**
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).

**Is Borderless Management LLC registered with the SEC or a state?**
Borderless Management LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 323404.

**How much does Borderless Management LLC manage?**
Borderless Management LLC reports $345,355,760 in regulatory assets under management in its Form ADV filing dated August 14, 2026 (96% discretionary).

**How have Borderless Management LLC's assets and staff changed since 2024?**
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.

**What types of clients does Borderless Management LLC serve?**
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).

**Does Borderless 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/323404

**What changed in Borderless Management LLC's recent Form ADV filings?**
In the September 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
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $345,355,760
- Discretionary: $333,058,085
- Non-discretionary: $12,297,675

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 19 | $333,058,085 |
| Corporations or other businesses not listed above | 1 | $12,297,675 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2023 (2 years)
- Employees: 24 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Miami, FL

### Websites listed on Form ADV (Item 1.I)
- borderlesscapital.io
- medium.com/borderless-capital
- LinkedIn @borderlesscapital
- X @borderless_cap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $339,576,141 | 17 | March 27, 2024 |
| October 2025 | $435,049,021 | 27 | July 16, 2025 |
| October 2026 | $345,355,760 | 24 | August 14, 2026 |

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.

## Changes in the filing (last 12 months)

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

### April 2026
- Employees performing advisory functions went from 15 to 13.
- Regulatory assets under management went from $435,049,021 to $345,355,760 (-21%).

### December 2025
- Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.H(2)).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Borderless Management LLC (CRD 323404): Form ADV filing data as of October 2026.