AdvisorCensus / Financial advisors / Indiana / South Bend / Ceres Partners, LLC
Ceres Partners, LLC is an SEC-registered investment advisory firm in South Bend, IN, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.
Quick answers
From the filingHow is Ceres Partners, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Ceres Partners, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
What does Ceres Partners, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 31, 2026 states: Up to $1,000,000: 2% a year; Above $1,000,000: 1% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Ceres Partners, LLC located?
Ceres Partners, LLC's principal office is in South Bend, IN, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Ceres Partners, LLC registered with the SEC or a state?
Ceres Partners, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 290937.
How much does Ceres Partners, LLC manage?
Ceres Partners, LLC reports $1,955,021,758 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary).
How have Ceres Partners, LLC's assets and staff changed since 2021?
In the Form ADV data for Ceres Partners, LLC: Regulatory assets under management: $173,017,000 in the October 2021 data and $1,955,021,758 in the October 2026 data, up 1030%. Total employees: 21 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Ceres Partners, LLC serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).
Does Ceres Partners, 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/290937
What changed in Ceres Partners, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 14 to 16. Regulatory assets under management went from $1,764,679,001 to $1,955,021,758 (+11%). No longer lists an office in Chicago, IL. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $1,000,000 | 2% |
| Above $1,000,000 | 1% |
The brochure's wording
The management fees paid by the Funds are generally equal to an annual rate of 1.00% of each Member’s capital account balance if such balance exceeds $1 million and 2.00% of each Member’s capital account balance if such balance is less than $1 million.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,955,021,758 as of October 2026, filing dated April 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2018 (7 years)
- Employees
- Total: 21. Performing investment advisory functions: 16.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the May 2026 filing
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,955,021,758 | 21 | April 30, 2026 |
| October 2025 | $1,764,679,001 | 22 | May 1, 2025 |
| October 2024 | $1,601,250,305 | 21 | May 3, 2024 |
| October 2023 | $1,549,184,975 | 21 | July 31, 2023 |
| October 2022 | $250,098,000 | 23 | March 22, 2022 |
| October 2021 | $173,017,000 | 21 | March 29, 2021 |
Regulatory assets under management: $173,017,000 in the October 2021 data and $1,955,021,758 in the October 2026 data, up 1030%.
Total employees: 21 in October 2021 and 21 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 14 to 16.
- Regulatory assets under management went from $1,764,679,001 to $1,955,021,758 (+11%).
- No longer lists an office in Chicago, IL.
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Employees performing advisory functions went from 15 to 14.
- November 2025
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Ceres Partners, LLC (CRD 290937): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/ceres-partners-llc-south-bend-in-290937