# Confluence Investment Management LLC

> Confluence Investment Management LLC is an SEC-registered investment advisory firm in Saint Louis, MO, registered since 2008, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 146019
- Filed as: CONFLUENCE INVESTMENT MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Saint Louis, MO
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/146019
- AdvisorCensus page: https://advisorcensus.com/firm/confluence-investment-management-llc-saint-louis-mo-146019

## Quick answers

**How is Confluence Investment Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Confluence Investment Management LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Confluence Investment Management LLC located?**
Confluence Investment Management LLC's principal office is in Saint Louis, MO, according to its Form ADV.

**Is Confluence Investment Management LLC registered with the SEC or a state?**
Confluence Investment Management LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 146019.

**How much does Confluence Investment Management LLC manage?**
Confluence Investment Management LLC reports $6,719,179,902 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Confluence Investment Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Confluence Investment Management LLC: Regulatory assets under management: $6,888,754,678 in the October 2021 data and $6,719,179,902 in the October 2026 data, down 2%. Total employees: 46 in October 2021 and 55 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Confluence Investment Management LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (13,470); high net worth individuals (1,016); corporations or other businesses not listed above (220).

**Which custodians does Confluence Investment Management LLC use?**
Confluence Investment Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC, Robert W. Baird & Co. Incorporated, Stifel, Nicolaus & Company, Incorporated and Wells Fargo Clearing Services, LLC as custodians holding 10% or more of its separately managed account assets.

**Does Confluence Investment Management LLC 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/146019

**What changed in Confluence Investment Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 24 to 25.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC
- Robert W. Baird & Co. Incorporated
- Stifel, Nicolaus & Company, Incorporated
- Wells Fargo Clearing Services, LLC

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: $6,719,179,902
- Discretionary: $6,719,179,902
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 13,470 | $4,350,529,156 |
| High net worth individuals | 1,016 | $1,812,386,975 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 2 | $49,763,814 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 52 | $71,357,048 |
| Charitable organizations | 102 | $114,075,230 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 220 | $321,067,679 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2008 (18 years)
- Employees: 55 total, 25 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- confluenceim.com
- confluenceinvestment.com
- vimeo.com/CONFLUENCEIM
- Facebook @CONFLUENCEIM
- LinkedIn @CONFLUENCE-INVESTMENT-MANAGEMENT
- X @CONFLUENCEIM

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,888,754,678 | 46 | March 5, 2021 |
| October 2022 | $7,762,231,795 | 46 | March 21, 2022 |
| October 2023 | $6,928,892,883 | 47 | March 9, 2023 |
| October 2024 | $7,200,932,108 | 54 | March 21, 2024 |
| October 2025 | $7,251,904,123 | 55 | March 21, 2025 |
| October 2026 | $6,719,179,902 | 55 | March 25, 2026 |

Regulatory assets under management: $6,888,754,678 in the October 2021 data and $6,719,179,902 in the October 2026 data, down 2%.
Total employees: 46 in October 2021 and 55 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 24 to 25.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Confluence Investment Management LLC (CRD 146019): Form ADV filing data as of October 2026.