AdvisorCensus / Financial advisors / California / Los Angeles / Dalton Investments, Inc.
Dalton Investments, Inc. is an SEC-registered investment advisory firm in El Segundo, CA, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Dalton Investments, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Dalton Investments, Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Dalton Investments, Inc. located?
Dalton Investments, Inc.'s principal office is in El Segundo, CA, according to its Form ADV; the April 2026 filing also lists 6 other offices (Schedule D, Section 1.F).
Is Dalton Investments, Inc. registered with the SEC or a state?
Dalton Investments, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 308609.
How much does Dalton Investments, Inc. manage?
Dalton Investments, Inc. reports $5,717,833,544 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
How have Dalton Investments, Inc.'s assets and staff changed since 2021?
In the Form ADV data for Dalton Investments, Inc.: Regulatory assets under management: $1,792,100,675 in the October 2021 data and $5,717,833,544 in the October 2026 data, up 219%. Total employees: 41 in October 2021 and 46 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Dalton Investments, Inc. serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (27); pension and profit sharing plans (but not the plan participants or government pension plans) (6); high net worth individuals (2).
Which custodians does Dalton Investments, Inc. use?
Dalton Investments, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company, The Bank of New York Mellon and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets.
Does Dalton Investments, Inc. report any disciplinary disclosures?
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/308609
What changed in Dalton Investments, Inc.'s recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $4,112,185,669 to $5,717,833,544 (+39%). Changed its office addresses in Seocho-Gu, Seoul. Added an office in Mumbai, Maharashtra. No longer lists an office in Mumbai. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated March 30, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$5,717,833,544 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Also doing business as
- DALTON ADVISORY KK (JAPAN AFFILIATE), DALTON INVESTMENT ADVISORY SERVICES PRIVATE LIMITED (INDIA AFFILIATE), DALTON INVESTMENTS (AUSTRALIA) PTY LTD (AUSTRALIA AFFILIATE), DALTON INVESTMENTS (HONG KONG) LIMITED (HONG KONG AFFILIATE), DALTON KOREA CO., LTD. (KOREA AFFILIATE)
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 46. Performing investment advisory functions: 17.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
6 other offices, as of the April 2026 filing
- States registered or notice-filed
-
3 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 111 Reports 1 disclosure item on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $5,717,833,544 | 46 | March 30, 2026 |
| October 2025 | $4,112,185,669 | 44 | July 28, 2025 |
| October 2024 | $4,059,517,879 | 36 | August 8, 2024 |
| October 2023 | $2,406,511,672 | 39 | March 31, 2023 |
| October 2022 | $3,183,959,410 | 42 | March 31, 2022 |
| October 2021 | $1,792,100,675 | 41 | June 30, 2021 |
Regulatory assets under management: $1,792,100,675 in the October 2021 data and $5,717,833,544 in the October 2026 data, up 219%.
Total employees: 41 in October 2021 and 46 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $4,112,185,669 to $5,717,833,544 (+39%).
- Changed its office addresses in Seocho-Gu, Seoul.
- Added an office in Mumbai, Maharashtra.
- No longer lists an office in Mumbai.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Dalton Investments, Inc. (CRD 308609): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/dalton-investments-inc-el-segundo-ca-308609