# CFI Partners

> 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.

- CRD: 139531
- Filed as: CFI PARTNERS
- Legal name: CFI Partners, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/139531
- AdvisorCensus page: https://advisorcensus.com/firm/cfi-partners-chicago-il-139531

## Quick answers

**How is CFI Partners compensated?**
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.

**Where is CFI Partners located?**
CFI Partners' principal office is in Chicago, IL, according to its Form ADV.

**Is CFI Partners registered with the SEC or a state?**
CFI Partners is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 139531.

**How much does CFI Partners manage?**
CFI Partners reports $26,313,245,536 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (92% discretionary).

**How have CFI Partners' assets and staff changed since 2021?**
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.

**What types of clients does CFI Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Which custodians does CFI Partners use?**
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.

**Does CFI Partners 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/139531

**What changed in CFI Partners' recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY

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.

### Regulatory assets under management (Item 5.F)
- Total: $26,313,245,536
- Discretionary: $24,313,245,536
- Non-discretionary: $2,000,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $1,121,743,488 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $2,215,274,121 |
| Other investment advisers | Fewer than 5 | $20,905,744,792 |
| Corporations or other businesses not listed above | Fewer than 5 | $2,070,483,135 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2011 (15 years)
- Employees: 47 total, 23 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- cfipartners.com
- LinkedIn @cfip-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,971,840,000 | 25 | March 30, 2021 |
| October 2022 | $2,133,749,000 | 26 | July 28, 2022 |
| October 2023 | $6,141,906,000 | 33 | March 31, 2023 |
| October 2024 | $5,860,331,000 | 38 | April 26, 2024 |
| October 2025 | $6,238,977,629 | 43 | March 31, 2025 |
| October 2026 | $26,313,245,536 | 47 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. CFI Partners (CRD 139531): Form ADV filing data as of October 2026.