# Cambiar Investors, LLC

> 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.

- CRD: 115093
- Filed as: CAMBIAR INVESTORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: August 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115093
- AdvisorCensus page: https://advisorcensus.com/firm/cambiar-investors-llc-denver-co-115093

## Quick answers

**How is Cambiar Investors, LLC compensated?**
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.

**How much does Cambiar Investors, LLC charge?**
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.

**Where is Cambiar Investors, LLC located?**
Cambiar Investors, LLC's principal office is in Denver, CO, according to its Form ADV.

**Is Cambiar Investors, LLC registered with the SEC or a state?**
Cambiar Investors, LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 115093.

**How much does Cambiar Investors, LLC manage?**
Cambiar Investors, LLC reports $2,923,412,105 in regulatory assets under management in its Form ADV filing dated August 3, 2026 (51% discretionary).

**How have Cambiar Investors, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Cambiar Investors, LLC serve?**
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).

**Which custodians does Cambiar Investors, LLC use?**
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.

**Does Cambiar Investors, 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/115093

**What changed in Cambiar Investors, LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 0.35% to 1% a year (a range, as the brochure states it)

> Cambiar negotiates advisory fees with each Separate Account and annual fees are generally between 0.35% and 1.00% of assets under management.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley
- UBS Financial Services Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,923,412,105
- Discretionary: $1,479,183,227
- Non-discretionary: $1,444,228,878

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 5,003 | $1,205,970,496 |
| High net worth individuals | 251 | $624,120,620 |
| Investment companies | 7 | $622,097,915 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 86 | $132,771,882 |
| Charitable organizations | 65 | $93,351,619 |
| State or municipal government entities (including government pension plans) | 13 | $79,636,720 |
| Insurance companies | Fewer than 5 | $388,998 |
| Corporations or other businesses not listed above | 197 | $165,073,855 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2001 (25 years)
- Employees: 28 total, 8 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [a.co/d/jcJIcGV](https://a.co/d/jcJIcGV)
- [cambiar.com](https://cambiar.com)
- [dashboard.rss.com/podcasts/qpd](https://dashboard.rss.com/podcasts/qpd)
- [iheart.com/podcast/269-qpd-podcast-108065059](https://iheart.com/podcast/269-qpd-podcast-108065059)
- [listennotes.com/podcasts/qpd-podcast-cambiar-investors-wX9SJ3coL1O](https://listennotes.com/podcasts/qpd-podcast-cambiar-investors-wX9SJ3coL1O)
- [open.spotify.com/show/72WK13TpEy7njmJmwfqaMx](https://open.spotify.com/show/72WK13TpEy7njmJmwfqaMx)
- [pandora.app.link/HNr7qMiuQxb](https://pandora.app.link/HNr7qMiuQxb)
- [podcastindex.org/podcast/4373535](https://podcastindex.org/podcast/4373535)
- [podcastsconnect.apple.com/my-podcasts/show/qpd-podcast/49d9e169-c81f-46a0-8233- a0fc7bcb1620](https://podcastsconnect.apple.com/my-podcasts/show/qpd-podcast/49d9e169-c81f-46a0-8233- a0fc7bcb1620)
- [tunein.com/podcasts/Business--Economics-Podcasts/QPD-Podcast-p2134459](https://tunein.com/podcasts/Business--Economics-Podcasts/QPD-Podcast-p2134459)
- [vimeo.com/cambiarinvestors](https://vimeo.com/cambiarinvestors)
- Facebook @CAMBIARINVESTORS
- Instagram @cambiarinvestors
- LinkedIn @CAMBIAR-INVESTORS
- Threads @cambiarinvestors
- TikTok @cambiarinvestors
- X @cambiarinvestor
- YouTube @UCcxpHH3F4-ZyRSXaiyDPKJQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,408,907,761 | 47 | March 29, 2021 |
| October 2022 | $5,699,493,259 | 49 | March 22, 2022 |
| October 2023 | $3,490,753,696 | 42 | July 24, 2023 |
| October 2024 | $3,377,039,321 | 39 | March 21, 2024 |
| October 2025 | $3,252,556,123 | 36 | March 31, 2025 |
| October 2026 | $2,923,412,105 | 28 | August 3, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cambiar Investors, LLC (CRD 115093): Form ADV filing data as of October 2026.