{ "crd_number": 139531, "slug": "cfi-partners-chicago-il-139531", "primary_business_name": "CFI PARTNERS", "legal_name": "CFI PARTNERS, LLC", "dbas": [], "city": "Chicago", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2011-06-17", "years_registered": 15, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 26313245536.0, "raum_discretionary": 24313245536.0, "raum_non_discretionary": 2000000000.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 47, "advisory_employees": 23, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "state_municipal": { "raum": 2215274121.0, "count": null, "fewer_than_5": true }, "other_investment_advisers": { "raum": 20905744792.0, "count": null, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 1121743488.0, "count": 6 }, "corporations_other_businesses": { "raum": 2070483135.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "fixed", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IL" ], "websites": [ "https://cfipartners.com", "https://linkedin.com/company/cfip-llc" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/139531", "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/cfi-partners-chicago-il-139531", "display_name": "CFI Partners", "summary": "CFI Partners is an SEC-registered investment advisory firm in Chicago, IL, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. CFI Partners (CRD 139531): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is CFI Partners compensated?", "a": "On its Form ADV (Item 5.E, October 2026), CFI Partners reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is CFI Partners located?", "a": "CFI Partners' principal office is in Chicago, IL, according to its Form ADV." }, { "q": "Is CFI Partners registered with the SEC or a state?", "a": "CFI Partners is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 139531." }, { "q": "How much does CFI Partners manage?", "a": "CFI Partners reports $26,313,245,536 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (92% discretionary)." }, { "q": "How have CFI Partners' assets and staff changed since 2021?", "a": "In the Form ADV data for CFI Partners: Regulatory assets under management: $1,971,840,000 in the October 2021 data and $26,313,245,536 in the October 2026 data, up 1234%. Total employees: 25 in October 2021 and 47 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does CFI Partners serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6)." }, { "q": "Which custodians does CFI Partners use?", "a": "CFI Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does CFI Partners 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/139531" }, { "q": "What changed in CFI Partners' recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 22 to 23. Regulatory assets under management went from $6,238,977,629 to $26,313,245,536 (+322%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1971840000.0, "total_employees": 25, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2133749000.0, "total_employees": 26, "filing_date": "2022-07-28" }, { "period": "2023-10-01", "regulatory_assets_under_management": 6141906000.0, "total_employees": 33, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 5860331000.0, "total_employees": 38, "filing_date": "2024-04-26" }, { "period": "2025-10-01", "regulatory_assets_under_management": 6238977629.0, "total_employees": 43, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 26313245536.0, "total_employees": 47, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 22 to 23.", "Regulatory assets under management went from $6,238,977,629 to $26,313,245,536 (+322%).", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "BNY", "name_as_filed": "BNY", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/cfi-partners-chicago-il-139531.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 6, "fewer_than_5": false, "raum": 1121743488.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": null, "fewer_than_5": true, "raum": 2215274121.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": null, "fewer_than_5": true, "raum": 20905744792.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 2070483135.0 } ], "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/139531", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }