# Carl Marks Management Company, LLC

> Carl Marks Management Company, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1992, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 13, 2026.

- CRD: 107695
- Filed as: CARL MARKS MANAGEMENT COMPANY, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: August 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107695
- AdvisorCensus page: https://advisorcensus.com/firm/carl-marks-management-company-llc-new-york-ny-107695

## Quick answers

**How is Carl Marks Management Company, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Carl Marks Management Company, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Carl Marks Management Company, LLC charge?**
Its Form ADV Part 2A brochure dated August 13, 2026 states: Asset-based fee: 1% to 1.5% 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 Carl Marks Management Company, LLC located?**
Carl Marks Management Company, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Carl Marks Management Company, LLC registered with the SEC or a state?**
Carl Marks Management Company, LLC is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 107695.

**How much does Carl Marks Management Company, LLC manage?**
Carl Marks Management Company, LLC reports $374,463,634 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (100% discretionary).

**How have Carl Marks Management Company, LLC's assets and staff changed since 2021?**
In the Form ADV data for Carl Marks Management Company, LLC: Regulatory assets under management: $496,354,156 in the October 2021 data and $374,463,634 in the October 2026 data, down 25%. Total employees: 9 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Carl Marks Management Company, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Carl Marks Management Company, 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/107695

**What changed in Carl Marks Management Company, LLC's recent Form ADV filings?**
In the September 2026 filing data: 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 August 13, 2026)

- Asset-based fee: 1% to 1.5% a year (a range, as the brochure states it)

> The asset-based fees are normally charged at an annual rate of between 1% and 1.5% of the value of the client’s net assets under management.

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

### Regulatory assets under management (Item 5.F)
- Total: $374,463,634
- Discretionary: $374,463,634
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $374,463,634 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 1992 (34 years)
- Employees: 8 total, 6 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [carlmarks.com](https://carlmarks.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $496,354,156 | 9 | March 26, 2021 |
| October 2022 | $432,642,931 | 9 | March 22, 2022 |
| October 2023 | $397,683,048 | 8 | March 1, 2023 |
| October 2024 | $383,288,625 | 9 | March 28, 2024 |
| October 2025 | $391,062,291 | 9 | June 4, 2025 |
| October 2026 | $374,463,634 | 8 | August 13, 2026 |

Regulatory assets under management: $496,354,156 in the October 2021 data and $374,463,634 in the October 2026 data, down 25%.
Total employees: 9 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carl Marks Management Company, LLC (CRD 107695): Form ADV filing data as of October 2026.