# Delphi Management Inc

> Delphi Management Inc is an SEC-registered investment advisory firm, registered since 1983, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 106042
- Filed as: DELPHI MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106042
- AdvisorCensus page: https://advisorcensus.com/firm/delphi-management-inc-106042

## Quick answers

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

**Is Delphi Management Inc registered with the SEC or a state?**
Delphi Management Inc is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 106042.

**How much does Delphi Management Inc manage?**
Delphi Management Inc reports $116,692,084 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Delphi Management Inc's assets and staff changed since 2021?**
In the Form ADV data for Delphi Management Inc: Regulatory assets under management: $111,444,594 in the October 2021 data and $116,692,084 in the October 2026 data, up 5%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Delphi Management Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (23); charitable organizations (2); other investment advisers (1).

**Which custodians does Delphi Management Inc use?**
Delphi Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank New York Mellon, FNZ Trust Company and Morgan Stanley Wealth Management as custodians holding 10% or more of its separately managed account assets.

**Does Delphi Management Inc 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/106042

**What changed in Delphi Management Inc's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $132,096,928 to $116,692,084 (-12%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Bank New York Mellon
- FNZ Trust Company
- Morgan Stanley Wealth Management

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: $116,692,084
- Discretionary: $116,692,084
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 23 | $86,218,373 |
| Charitable organizations | 2 | $11,997,692 |
| Other investment advisers | 1 | $18,476,019 |

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

### Firm details
- Registered since: 1983 (43 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [delphivalue.com](https://delphivalue.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $111,444,594 | 4 | June 24, 2021 |
| October 2022 | $116,120,866 | 4 | April 5, 2022 |
| October 2023 | $102,993,045 | 4 | April 5, 2023 |
| October 2024 | $122,873,767 | 4 | April 2, 2024 |
| October 2025 | $132,096,928 | 4 | March 27, 2025 |
| October 2026 | $116,692,084 | 4 | March 30, 2026 |

Regulatory assets under management: $111,444,594 in the October 2021 data and $116,692,084 in the October 2026 data, up 5%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $132,096,928 to $116,692,084 (-12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Delphi Management Inc (CRD 106042): Form ADV filing data as of October 2026.