# Cambridge Associates Limited, LLC

> Cambridge Associates Limited, LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 1994, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 106003
- Filed as: CAMBRIDGE ASSOCIATES LIMITED, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106003
- AdvisorCensus page: https://advisorcensus.com/firm/cambridge-associates-limited-llc-boston-ma-106003

## Quick answers

**How is Cambridge Associates Limited, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Cambridge Associates Limited, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other.

**Where is Cambridge Associates Limited, LLC located?**
Cambridge Associates Limited, LLC's principal office is in Boston, MA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Cambridge Associates Limited, LLC registered with the SEC or a state?**
Cambridge Associates Limited, LLC is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 106003.

**How much does Cambridge Associates Limited, LLC manage?**
Cambridge Associates Limited, LLC reports $8,202,964,130 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (10% discretionary).

**How have Cambridge Associates Limited, LLC's assets and staff changed since 2021?**
In the Form ADV data for Cambridge Associates Limited, LLC: Regulatory assets under management: $4,092,521,805 in the October 2021 data and $8,202,964,130 in the October 2026 data, up 100%. Total employees: 11 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cambridge Associates Limited, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (20); charitable organizations (12).

**Which custodians does Cambridge Associates Limited, LLC use?**
Cambridge Associates Limited, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pictet Bank of Switzerland as a custodian holding 10% or more of its separately managed account assets.

**Does Cambridge Associates Limited, 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/106003

**What changed in Cambridge Associates Limited, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 13 to 14. Regulatory assets under management went from $5,769,346,194 to $8,202,964,130 (+42%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Other

### Custodians (Schedule D, Section 5.K(3))
- Pictet Bank of Switzerland

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: $8,202,964,130
- Discretionary: $799,100,621
- Non-discretionary: $7,403,863,509

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 20 | $4,256,456,212 |
| Charitable organizations | 12 | $3,946,507,918 |

### Advisory services (Item 5.G)
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 1994 (32 years)
- Employees: 15 total, 14 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Sydney

### Websites listed on Form ADV (Item 1.I)
- cambridgeassociates.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,092,521,805 | 11 | July 1, 2021 |
| October 2022 | $5,893,680,185 | 14 | May 19, 2022 |
| October 2023 | $5,258,058,441 | 15 | July 26, 2023 |
| October 2024 | $5,255,462,250 | 15 | September 30, 2024 |
| October 2025 | $5,769,346,194 | 14 | July 25, 2025 |
| October 2026 | $8,202,964,130 | 15 | March 31, 2026 |

Regulatory assets under management: $4,092,521,805 in the October 2021 data and $8,202,964,130 in the October 2026 data, up 100%.
Total employees: 11 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 13 to 14.
- Regulatory assets under management went from $5,769,346,194 to $8,202,964,130 (+42%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cambridge Associates Limited, LLC (CRD 106003): Form ADV filing data as of October 2026.