{
  "crd_number": 112099,
  "slug": "deprince-race-and-zollo-inc-winter-park-fl-112099",
  "primary_business_name": "DEPRINCE, RACE & ZOLLO, INC.",
  "legal_name": "DEPRINCE, RACE & ZOLLO, INC.",
  "dbas": [
    "DRZ INVESTMENT ADVISORS"
  ],
  "city": "Winter Park",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "36740",
  "metro": {
    "cbsa_code": "36740",
    "common_name": "Orlando",
    "msa_name": "Orlando-Kissimmee-Sanford, FL",
    "path": "/advisors/fl/orlando"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1995-03-22",
  "years_registered": 31,
  "period": "2026-10-01",
  "filing_date": "2026-05-08",
  "carried_forward": false,
  "raum_total": 5893873474.0,
  "raum_discretionary": 5893873474.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 27,
  "advisory_employees": 14,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 102221941.0,
      "count": 7
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 1532382641.0,
      "count": 33
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 721012935.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 2567120943.0,
      "count": 28
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 3591087.0,
      "count": 2
    },
    "pooled_investment_vehicles": {
      "raum": 777925759.0,
      "count": 5
    },
    "corporations_other_businesses": {
      "raum": 189618168.0,
      "count": 4
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "NE",
    "OK",
    "TX"
  ],
  "websites": [
    "https://drz-inc.com",
    "https://linkedin.com/COMPANY/DEPRINCE-RACE-&-ZOLLO-INC."
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/112099",
  "city_as_filed": "WINTER PARK",
  "url": "https://advisorcensus.com/firm/deprince-race-and-zollo-inc-winter-park-fl-112099",
  "display_name": "Deprince, Race & Zollo, Inc.",
  "summary": "Deprince, Race & Zollo, Inc. is an SEC-registered investment advisory firm in Winter Park, FL, registered since 1995, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 8, 2026.",
  "citation": "AdvisorCensus. Deprince, Race & Zollo, Inc. (CRD 112099): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Deprince, Race & Zollo, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Deprince, Race & Zollo, Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Deprince, Race & Zollo, Inc. located?",
      "a": "Deprince, Race & Zollo, Inc.'s principal office is in Winter Park, FL, according to its Form ADV."
    },
    {
      "q": "Is Deprince, Race & Zollo, Inc. registered with the SEC or a state?",
      "a": "Deprince, Race & Zollo, Inc. is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 112099."
    },
    {
      "q": "How much does Deprince, Race & Zollo, Inc. manage?",
      "a": "Deprince, Race & Zollo, Inc. reports $5,893,873,474 in regulatory assets under management in its Form ADV filing dated May 8, 2026 (100% discretionary)."
    },
    {
      "q": "How have Deprince, Race & Zollo, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Deprince, Race & Zollo, Inc.: Regulatory assets under management: $3,448,173,309 in the October 2021 data and $5,893,873,474 in the October 2026 data, up 71%. Total employees: 30 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Deprince, Race & Zollo, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (33); pension and profit sharing plans (but not the plan participants or government pension plans) (28); charitable organizations (7)."
    },
    {
      "q": "Which custodians does Deprince, Race & Zollo, Inc. use?",
      "a": "Deprince, Race & Zollo, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, State Street Trust and Bank Company and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Deprince, Race & Zollo, Inc. 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/112099"
    },
    {
      "q": "Does Deprince, Race & Zollo, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"Preferred minimum account size is $5,000,000, although in certain instances, this minimum is waived.\""
    },
    {
      "q": "What changed in Deprince, Race & Zollo, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 17 to 14."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3448173309.0,
      "total_employees": 30,
      "filing_date": "2021-08-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4347360591.0,
      "total_employees": 29,
      "filing_date": "2022-03-02"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 4755734089.0,
      "total_employees": 31,
      "filing_date": "2023-03-14"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 4811361206.0,
      "total_employees": 31,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 5490234389.0,
      "total_employees": 30,
      "filing_date": "2025-03-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 5893873474.0,
      "total_employees": 27,
      "filing_date": "2026-05-08"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 17 to 14."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$5,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Preferred minimum account size is $5,000,000, although in certain instances, this minimum is waived."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 5000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Preferred minimum account size is $5,000,000, although in certain instances, this minimum is waived."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "BNY Mellon",
      "name_as_filed": "BNY MELLON",
      "affiliated": false
    },
    {
      "name": "State Street Trust and Bank Company",
      "name_as_filed": "STATE STREET TRUST AND BANK COMPANY",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "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/deprince-race-and-zollo-inc-winter-park-fl-112099.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 2,
      "fewer_than_5": false,
      "raum": 3591087.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 721012935.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 777925759.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 28,
      "fewer_than_5": false,
      "raum": 2567120943.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 7,
      "fewer_than_5": false,
      "raum": 102221941.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 33,
      "fewer_than_5": false,
      "raum": 1532382641.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": false,
      "raum": 189618168.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/112099",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}