# Cambridge Associates, LLC

> Cambridge Associates, LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 1978, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 29, 2026.

- CRD: 104942
- Filed as: CAMBRIDGE ASSOCIATES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: April 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104942
- AdvisorCensus page: https://advisorcensus.com/firm/cambridge-associates-llc-boston-ma-104942

## Quick answers

**How is Cambridge Associates, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Cambridge Associates, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Cambridge Associates, LLC located?**
Cambridge Associates, LLC's principal office is in Boston, MA, according to its Form ADV; the May 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Cambridge Associates, LLC registered with the SEC or a state?**
Cambridge Associates, LLC is an SEC-registered investment advisory firm, registered since 1978. Status as filed: Approved. CRD 104942.

**How much does Cambridge Associates, LLC manage?**
Cambridge Associates, LLC reports $326,698,493,016 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (33% discretionary).

**How have Cambridge Associates, LLC's assets and staff changed since 2021?**
In the Form ADV data for Cambridge Associates, LLC: Regulatory assets under management: $238,535,700,278 in the October 2021 data and $326,698,493,016 in the October 2026 data, up 37%. Total employees: 1,011 in October 2021 and 1,116 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cambridge Associates, LLC serve?**
By number of clients on Form ADV Item 5.D: charitable organizations (306); high net worth individuals (213); pension and profit sharing plans (but not the plan participants or government pension plans) (34).

**Does Cambridge Associates, 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/104942

**What changed in Cambridge Associates, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 437 to 424.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $326,698,493,016
- Discretionary: $106,718,564,684
- Non-discretionary: $219,979,928,332

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 213 | $87,135,253,275 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 27 | $729,037,968 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 34 | $34,057,488,569 |
| Charitable organizations | 306 | $185,982,691,991 |
| State or municipal government entities (including government pension plans) | 5 | $7,156,746,681 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Corporations or other businesses not listed above | 3 | $1,887,209,040 |
| Other | 16 | $9,750,065,492 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 1978 (47 years)
- Employees: 1,116 total, 424 performing advisory functions
- Wrap fee program participation: No
- 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.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Arlington, VA
- Dallas, TX
- New York, NY
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- cambridgeassociates.com
- LinkedIn @6987

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $238,535,700,278 | 1,011 | September 2, 2021 |
| October 2022 | $294,346,038,709 | 1,044 | September 7, 2022 |
| October 2023 | $276,031,240,533 | 1,154 | August 29, 2023 |
| October 2024 | $281,965,202,879 | 1,098 | September 30, 2024 |
| October 2025 | $313,546,028,725 | 1,087 | July 25, 2025 |
| October 2026 | $326,698,493,016 | 1,116 | April 29, 2026 |

Regulatory assets under management: $238,535,700,278 in the October 2021 data and $326,698,493,016 in the October 2026 data, up 37%.
Total employees: 1,011 in October 2021 and 1,116 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 437 to 424.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cambridge Associates, LLC (CRD 104942): Form ADV filing data as of October 2026.