{
  "crd_number": 105404,
  "slug": "brandes-investment-partners-lp-la-jolla-ca-105404",
  "primary_business_name": "BRANDES INVESTMENT PARTNERS, LP",
  "legal_name": "BRANDES INVESTMENT PARTNERS, LP",
  "dbas": [],
  "city": "La Jolla",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41740",
  "metro": {
    "cbsa_code": "41740",
    "common_name": "San Diego",
    "msa_name": "San Diego-Chula Vista-Carlsbad, CA",
    "path": "/advisors/ca/san-diego"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1985-08-08",
  "years_registered": 41,
  "period": "2026-10-01",
  "filing_date": "2026-04-10",
  "carried_forward": false,
  "raum_total": 40646678109.0,
  "raum_discretionary": 39733431854.0,
  "raum_non_discretionary": 913246255.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 149,
  "advisory_employees": 35,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 33047467.0,
      "count": 1,
      "description": "TRIBE",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 164579135.0,
      "count": 112
    },
    "individuals": {
      "raum": 1620826518.0,
      "count": 9723
    },
    "banking_thrift": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 14993910601.0,
      "count": 24
    },
    "insurance_companies": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 5929506187.0,
      "count": 10
    },
    "pension_profit_sharing": {
      "raum": 641557321.0,
      "count": 209
    },
    "other_investment_advisers": {
      "raum": 9677111042.0,
      "count": 3,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 1825320860.0,
      "count": 1444
    },
    "pooled_investment_vehicles": {
      "raum": 3695432952.0,
      "count": 27
    },
    "corporations_other_businesses": {
      "raum": 2065386026.0,
      "count": 1951
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://brandes.com",
    "https://facebook.com/BRANDESGLOBAL",
    "https://instagram.com/brandes_investment_partners",
    "https://linkedin.com/company/brandes-investment-partners?viewAsMember=true",
    "https://x.com/BRANDESGLOBAL",
    "https://x.com/BRANDESINSIGHTS",
    "https://youtube.com/channel/UCxCRnbPNwsoAFmbMyoxEMYw",
    "https://youtube.com/channel/UCxSFwRpCvcwqerUyWVbBqwA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105404",
  "city_as_filed": "LA JOLLA",
  "url": "https://advisorcensus.com/firm/brandes-investment-partners-lp-la-jolla-ca-105404",
  "display_name": "Brandes Investment Partners, LP",
  "summary": "Brandes Investment Partners, LP is an SEC-registered investment advisory firm in La Jolla, CA, registered since 1985, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 10, 2026.",
  "citation": "AdvisorCensus. Brandes Investment Partners, LP (CRD 105404): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "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 Brandes Investment Partners, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Brandes Investment Partners, LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Brandes Investment Partners, LP located?",
      "a": "Brandes Investment Partners, LP's principal office is in La Jolla, CA, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Brandes Investment Partners, LP registered with the SEC or a state?",
      "a": "Brandes Investment Partners, LP is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 105404."
    },
    {
      "q": "How much does Brandes Investment Partners, LP manage?",
      "a": "Brandes Investment Partners, LP reports $40,646,678,109 in regulatory assets under management in its Form ADV filing dated April 10, 2026 (98% discretionary)."
    },
    {
      "q": "How have Brandes Investment Partners, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Brandes Investment Partners, LP: Regulatory assets under management: $18,549,032,526 in the October 2021 data and $40,646,678,109 in the October 2026 data, up 119%. Total employees: 150 in October 2021 and 149 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Brandes Investment Partners, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (9,723); corporations or other businesses not listed above (1,951); high net worth individuals (1,444)."
    },
    {
      "q": "Which custodians does Brandes Investment Partners, LP use?",
      "a": "Brandes Investment Partners, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan Chase & Co., State Street Bank and Trust Company and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Brandes Investment Partners, LP 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/105404"
    },
    {
      "q": "What changed in Brandes Investment Partners, LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 34 to 35. Regulatory assets under management went from $26,686,881,169 to $40,646,678,109 (+52%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 18549032526.0,
      "total_employees": 150,
      "filing_date": "2021-09-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 20199234840.0,
      "total_employees": 141,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 17530381334.0,
      "total_employees": 144,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 22214086907.0,
      "total_employees": 141,
      "filing_date": "2024-05-23"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 26686881169.0,
      "total_employees": 143,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 40646678109.0,
      "total_employees": 149,
      "filing_date": "2026-04-10"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 34 to 35.",
        "Regulatory assets under management went from $26,686,881,169 to $40,646,678,109 (+52%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "JP Morgan Chase & Co.",
      "name_as_filed": "JP MORGAN CHASE & CO.",
      "affiliated": false
    },
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/brandes-investment-partners-lp-la-jolla-ca-105404.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 9723,
      "fewer_than_5": false,
      "raum": 1620826518.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1444,
      "fewer_than_5": false,
      "raum": 1825320860.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 10,
      "fewer_than_5": false,
      "raum": 5929506187.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 27,
      "fewer_than_5": false,
      "raum": 3695432952.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 209,
      "fewer_than_5": false,
      "raum": 641557321.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 112,
      "fewer_than_5": false,
      "raum": 164579135.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 24,
      "fewer_than_5": false,
      "raum": 14993910601.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 3,
      "fewer_than_5": true,
      "raum": 9677111042.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1951,
      "fewer_than_5": false,
      "raum": 2065386026.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 1,
      "fewer_than_5": true,
      "raum": 33047467.0
    }
  ],
  "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/105404",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}