{
  "crd_number": 321633,
  "slug": "concentric-walnut-creek-ca-321633",
  "primary_business_name": "CONCENTRIC",
  "legal_name": "ADVISOR PARTNERS II, LLC",
  "dbas": [],
  "city": "Walnut Creek",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-05-25",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 13910765668.0,
  "raum_discretionary": 13910765668.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 26,
  "advisory_employees": 16,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 352509052.0,
      "count": 91
    },
    "individuals": {
      "raum": 554832689.0,
      "count": 762
    },
    "pension_profit_sharing": {
      "raum": 21563399.0,
      "count": 3,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 12449726.0,
      "count": 4
    },
    "high_net_worth_individuals": {
      "raum": 11676631335.0,
      "count": 4380
    },
    "corporations_other_businesses": {
      "raum": 1292779467.0,
      "count": 131
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://concentricinnovation.com",
    "https://linkedin.com/company/concentric-innovation"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/321633",
  "city_as_filed": "WALNUT CREEK",
  "url": "https://advisorcensus.com/firm/concentric-walnut-creek-ca-321633",
  "display_name": "Concentric",
  "summary": "Concentric is an SEC-registered investment advisory firm in Walnut Creek, CA, registered since 2022, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Concentric (CRD 321633): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Concentric compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Concentric reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Concentric located?",
      "a": "Concentric's principal office is in Walnut Creek, CA, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Concentric registered with the SEC or a state?",
      "a": "Concentric is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 321633."
    },
    {
      "q": "How much does Concentric manage?",
      "a": "Concentric reports $13,910,765,668 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Concentric's assets and staff changed since 2022?",
      "a": "In the Form ADV data for Concentric: Regulatory assets under management: $1,668,620,031 in the October 2022 data and $13,910,765,668 in the October 2026 data, up 734%. Total employees: 10 in October 2022 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Concentric serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (4,380); individuals (other than high net worth individuals) (762); corporations or other businesses not listed above (131)."
    },
    {
      "q": "Which custodians does Concentric use?",
      "a": "Concentric's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and PNC Bank, N.A. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Concentric 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/321633"
    },
    {
      "q": "What changed in Concentric's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 9 to 16. Regulatory assets under management went from $7,668,325,922 to $13,910,765,668 (+81%). Changed its office addresses in Boston, MA. Added an office in New York, NY. Registered or notice-filed in HI, IA, KS, KY, MO, MT, ND, OK, PR, SD."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1668620031.0,
      "total_employees": 10,
      "filing_date": "2022-07-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1942593918.0,
      "total_employees": 9,
      "filing_date": "2023-09-07"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3382642421.0,
      "total_employees": 12,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 7668325922.0,
      "total_employees": 16,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 13910765668.0,
      "total_employees": 26,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 9 to 16.",
        "Regulatory assets under management went from $7,668,325,922 to $13,910,765,668 (+81%).",
        "Changed its office addresses in Boston, MA.",
        "Added an office in New York, NY.",
        "Registered or notice-filed in HI, IA, KS, KY, MO, MT, ND, OK, PR, SD."
      ]
    }
  ],
  "fees_from_brochure": null,
  "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
    },
    {
      "name": "PNC Bank, N.A.",
      "name_as_filed": "PNC BANK, N.A.",
      "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/concentric-walnut-creek-ca-321633.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 762,
      "fewer_than_5": false,
      "raum": 554832689.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 4380,
      "fewer_than_5": false,
      "raum": 11676631335.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 3,
      "fewer_than_5": true,
      "raum": 21563399.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 91,
      "fewer_than_5": false,
      "raum": 352509052.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 4,
      "fewer_than_5": false,
      "raum": 12449726.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 131,
      "fewer_than_5": false,
      "raum": 1292779467.0
    }
  ],
  "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/321633",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}