{
  "crd_number": 290937,
  "slug": "ceres-partners-llc-south-bend-in-290937",
  "primary_business_name": "CERES PARTNERS, LLC",
  "legal_name": "CERES PARTNERS, LLC",
  "dbas": [],
  "city": "South Bend",
  "state": "IN",
  "country": "United States",
  "cbsa_code": "43780",
  "metro": {
    "cbsa_code": "43780",
    "common_name": "South Bend",
    "msa_name": "South Bend-Mishawaka, IN-MI",
    "path": "/advisors/in/south-bend"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2018-10-26",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-04-30",
  "carried_forward": false,
  "raum_total": 1955021758.0,
  "raum_discretionary": 1955021758.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 21,
  "advisory_employees": 16,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 1955021758.0,
      "count": 5
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IN",
    "MA"
  ],
  "websites": [
    "https://cerespartners.com",
    "https://linkedin.com/company/ceres-partners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/290937",
  "city_as_filed": "SOUTH BEND",
  "url": "https://advisorcensus.com/firm/ceres-partners-llc-south-bend-in-290937",
  "display_name": "Ceres Partners, LLC",
  "summary": "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.",
  "citation": "AdvisorCensus. Ceres Partners, LLC (CRD 290937): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Ceres Partners, LLC compensated?",
      "a": "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."
    },
    {
      "q": "What does Ceres Partners, LLC's brochure say about its fees?",
      "a": "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."
    },
    {
      "q": "Where is Ceres Partners, LLC located?",
      "a": "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)."
    },
    {
      "q": "Is Ceres Partners, LLC registered with the SEC or a state?",
      "a": "Ceres Partners, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 290937."
    },
    {
      "q": "How much does Ceres Partners, LLC manage?",
      "a": "Ceres Partners, LLC reports $1,955,021,758 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Ceres Partners, LLC's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Ceres Partners, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5)."
    },
    {
      "q": "Does Ceres Partners, LLC report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Ceres Partners, LLC's recent Form ADV filings?",
      "a": "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)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 173017000.0,
      "total_employees": 21,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 250098000.0,
      "total_employees": 23,
      "filing_date": "2022-03-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1549184975.0,
      "total_employees": 21,
      "filing_date": "2023-07-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1601250305.0,
      "total_employees": 21,
      "filing_date": "2024-05-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1764679001.0,
      "total_employees": 22,
      "filing_date": "2025-05-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1955021758.0,
      "total_employees": 21,
      "filing_date": "2026-04-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 15 to 14."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "tiers": [
      {
        "band": "Up to $1,000,000",
        "rate": "2%"
      },
      {
        "band": "Above $1,000,000",
        "rate": "1%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $1,000,000: 2% a year",
          "Above $1,000,000: 1% a year"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "quotes": [
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/ceres-partners-llc-south-bend-in-290937.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 1955021758.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/290937",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}