{
  "crd_number": 115093,
  "slug": "cambiar-investors-llc-denver-co-115093",
  "primary_business_name": "CAMBIAR INVESTORS, LLC",
  "legal_name": "CAMBIAR INVESTORS, LLC",
  "dbas": [],
  "city": "Denver",
  "state": "CO",
  "country": "United States",
  "cbsa_code": "19740",
  "metro": {
    "cbsa_code": "19740",
    "common_name": "Denver",
    "msa_name": "Denver-Aurora-Centennial, CO",
    "path": "/advisors/co/denver"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2001-09-06",
  "years_registered": 25,
  "period": "2026-10-01",
  "filing_date": "2026-08-03",
  "carried_forward": false,
  "raum_total": 2923412105.0,
  "raum_discretionary": 1479183227.0,
  "raum_non_discretionary": 1444228878.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 28,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 93351619.0,
      "count": 65
    },
    "individuals": {
      "raum": 1205970496.0,
      "count": 5003
    },
    "state_municipal": {
      "raum": 79636720.0,
      "count": 13
    },
    "insurance_companies": {
      "raum": 388998.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 622097915.0,
      "count": 7
    },
    "pension_profit_sharing": {
      "raum": 132771882.0,
      "count": 86
    },
    "high_net_worth_individuals": {
      "raum": 624120620.0,
      "count": 251
    },
    "corporations_other_businesses": {
      "raum": 165073855.0,
      "count": 197
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "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://a.co/d/jcJIcGV",
    "https://cambiar.com",
    "https://dashboard.rss.com/podcasts/qpd",
    "https://facebook.com/CAMBIARINVESTORS",
    "https://iheart.com/podcast/269-qpd-podcast-108065059",
    "https://instagram.com/cambiarinvestors",
    "https://linkedin.com/COMPANY/CAMBIAR-INVESTORS",
    "https://listennotes.com/podcasts/qpd-podcast-cambiar-investors-wX9SJ3coL1O",
    "https://open.spotify.com/show/72WK13TpEy7njmJmwfqaMx?si=15556c5274a14ee7",
    "https://pandora.app.link/HNr7qMiuQxb",
    "https://podcastindex.org/podcast/4373535",
    "https://podcastsconnect.apple.com/my-podcasts/show/qpd-podcast/49d9e169-c81f-46a0-8233- a0fc7bcb1620",
    "https://threads.net/cambiarinvestors",
    "https://tiktok.com/@cambiarinvestors",
    "https://tunein.com/podcasts/Business--Economics-Podcasts/QPD-Podcast-p2134459?topicId=297810213",
    "https://vimeo.com/cambiarinvestors",
    "https://x.com/cambiarinvestor",
    "https://youtube.com/channel/UCcxpHH3F4-ZyRSXaiyDPKJQ"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/115093",
  "city_as_filed": "DENVER",
  "url": "https://advisorcensus.com/firm/cambiar-investors-llc-denver-co-115093",
  "display_name": "Cambiar Investors, LLC",
  "summary": "Cambiar Investors, LLC is an SEC-registered investment advisory firm in Denver, CO, registered since 2001, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 3, 2026.",
  "citation": "AdvisorCensus. Cambiar Investors, LLC (CRD 115093): 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 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",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Cambiar Investors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Cambiar Investors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Cambiar Investors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 0.35% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Cambiar Investors, LLC located?",
      "a": "Cambiar Investors, LLC's principal office is in Denver, CO, according to its Form ADV."
    },
    {
      "q": "Is Cambiar Investors, LLC registered with the SEC or a state?",
      "a": "Cambiar Investors, LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 115093."
    },
    {
      "q": "How much does Cambiar Investors, LLC manage?",
      "a": "Cambiar Investors, LLC reports $2,923,412,105 in regulatory assets under management in its Form ADV filing dated August 3, 2026 (51% discretionary)."
    },
    {
      "q": "How have Cambiar Investors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cambiar Investors, LLC: Regulatory assets under management: $6,408,907,761 in the October 2021 data and $2,923,412,105 in the October 2026 data, down 54%. Total employees: 47 in October 2021 and 28 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Cambiar Investors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (5,003); high net worth individuals (251); corporations or other businesses not listed above (197)."
    },
    {
      "q": "Which custodians does Cambiar Investors, LLC use?",
      "a": "Cambiar Investors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Cambiar Investors, 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/115093"
    },
    {
      "q": "What changed in Cambiar Investors, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 11 to 8. Regulatory assets under management went from $3,252,556,123 to $2,923,412,105 (-10%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 6408907761.0,
      "total_employees": 47,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 5699493259.0,
      "total_employees": 49,
      "filing_date": "2022-03-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3490753696.0,
      "total_employees": 42,
      "filing_date": "2023-07-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3377039321.0,
      "total_employees": 39,
      "filing_date": "2024-03-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3252556123.0,
      "total_employees": 36,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2923412105.0,
      "total_employees": 28,
      "filing_date": "2026-08-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 11 to 8.",
        "Regulatory assets under management went from $3,252,556,123 to $2,923,412,105 (-10%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.35% to 1% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.35% to 1% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Cambiar negotiates advisory fees with each Separate Account and annual fees are generally between 0.35% and 1.00% of assets under management."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.35,
        1.0
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Cambiar negotiates advisory fees with each Separate Account and annual fees are generally between 0.35% and 1.00% of assets under management."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    },
    {
      "name": "UBS Financial Services Inc.",
      "name_as_filed": "UBS FINANCIAL SERVICES INC.",
      "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/cambiar-investors-llc-denver-co-115093.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 5003,
      "fewer_than_5": false,
      "raum": 1205970496.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 251,
      "fewer_than_5": false,
      "raum": 624120620.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 7,
      "fewer_than_5": false,
      "raum": 622097915.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 86,
      "fewer_than_5": false,
      "raum": 132771882.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 65,
      "fewer_than_5": false,
      "raum": 93351619.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 13,
      "fewer_than_5": false,
      "raum": 79636720.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 388998.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 197,
      "fewer_than_5": false,
      "raum": 165073855.0
    }
  ],
  "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/115093",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}