{
  "crd_number": 151439,
  "slug": "commerce-advisors-llc-memphis-tn-151439",
  "primary_business_name": "COMMERCE ADVISORS, LLC",
  "legal_name": "COMMERCE ADVISORS, LLC",
  "dbas": [],
  "city": "Memphis",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "32820",
  "metro": {
    "cbsa_code": "32820",
    "common_name": "Memphis",
    "msa_name": "Memphis, TN-MS-AR",
    "path": "/advisors/tn/memphis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2009-09-17",
  "years_registered": 17,
  "period": "2026-10-01",
  "filing_date": "2026-02-25",
  "carried_forward": false,
  "raum_total": 337851115.0,
  "raum_discretionary": 323328379.0,
  "raum_non_discretionary": 14522736.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 11622159.0,
      "count": 5
    },
    "individuals": {
      "raum": 20417729.0,
      "count": 74
    },
    "pension_profit_sharing": {
      "raum": 9441599.0,
      "count": 2,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 226417650.0,
      "count": 59
    },
    "corporations_other_businesses": {
      "raum": 69951978.0,
      "count": 3,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "MS",
    "TN",
    "TX"
  ],
  "websites": [
    "https://alignable.com/memphis-tn/commerce-advisors-llc",
    "https://commerceadvisorsllc.com",
    "https://commerceholdingsllc.com",
    "https://facebook.com/BEYONDTHEPORTFOLIO",
    "https://linkedin.com/COMPANY/COMMERCE-ADVISORS",
    "https://twitter.com/BEYONDPORTFOLIO"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/151439",
  "city_as_filed": "MEMPHIS",
  "url": "https://advisorcensus.com/firm/commerce-advisors-llc-memphis-tn-151439",
  "display_name": "Commerce Advisors, LLC",
  "summary": "Commerce Advisors, LLC is an SEC-registered investment advisory firm in Memphis, TN, registered since 2009, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 25, 2026.",
  "citation": "AdvisorCensus. Commerce Advisors, LLC (CRD 151439): 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)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Commerce Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Commerce Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Commerce Advisors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated February 25, 2026 states: Asset-based fee: 0.3% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Commerce Advisors, LLC located?",
      "a": "Commerce Advisors, LLC's principal office is in Memphis, TN, according to its Form ADV."
    },
    {
      "q": "Is Commerce Advisors, LLC registered with the SEC or a state?",
      "a": "Commerce Advisors, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 151439."
    },
    {
      "q": "How much does Commerce Advisors, LLC manage?",
      "a": "Commerce Advisors, LLC reports $337,851,115 in regulatory assets under management in its Form ADV filing dated February 25, 2026 (96% discretionary)."
    },
    {
      "q": "How have Commerce Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Commerce Advisors, LLC: Regulatory assets under management: $163,133,551 in the October 2021 data and $337,851,115 in the October 2026 data, up 107%. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Commerce Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (74); high net worth individuals (59); charitable organizations (5)."
    },
    {
      "q": "Which custodians does Commerce Advisors, LLC use?",
      "a": "Commerce Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Commerce Advisors, 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/151439"
    },
    {
      "q": "What changed in Commerce Advisors, LLC's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $236,562,702 to $337,851,115 (+43%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 163133551.0,
      "total_employees": 4,
      "filing_date": "2021-02-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 208763409.0,
      "total_employees": 5,
      "filing_date": "2022-08-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 195242296.0,
      "total_employees": 5,
      "filing_date": "2023-02-17"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 227475166.0,
      "total_employees": 4,
      "filing_date": "2024-03-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 236562702.0,
      "total_employees": 6,
      "filing_date": "2025-03-05"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 337851115.0,
      "total_employees": 6,
      "filing_date": "2026-02-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $236,562,702 to $337,851,115 (+43%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in FL."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 25, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.3% to 1% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.3% to 1% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Asset based fees generally range from 0.30% to 1.00% annually, depending upon the particular client's portfolio size and specific service needs."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.3,
        1.0
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Asset based fees generally range from 0.30% to 1.00% annually, depending upon the particular client's portfolio size and specific service needs."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "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/commerce-advisors-llc-memphis-tn-151439.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 74,
      "fewer_than_5": false,
      "raum": 20417729.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 59,
      "fewer_than_5": false,
      "raum": 226417650.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 9441599.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 11622159.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 69951978.0
    }
  ],
  "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/151439",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}