{
  "crd_number": 322048,
  "slug": "distribution-cognizant-llc-palo-alto-ca-322048",
  "primary_business_name": "DISTRIBUTION COGNIZANT, LLC",
  "legal_name": "DISTRIBUTION COGNIZANT, LLC",
  "dbas": [],
  "city": "Palo Alto",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41940",
  "metro": {
    "cbsa_code": "41940",
    "common_name": "San Jose",
    "msa_name": "San Jose-Sunnyvale-Santa Clara, CA",
    "path": "/advisors/ca/san-jose"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-07-14",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 5309565.0,
  "raum_discretionary": 5309565.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "under_25m",
  "raum_band_label": "Under $25 million",
  "total_employees": 3,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 5309565.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://disco.llc",
    "https://distributioncognizant.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/322048",
  "city_as_filed": "PALO ALTO",
  "url": "https://advisorcensus.com/firm/distribution-cognizant-llc-palo-alto-ca-322048",
  "display_name": "Distribution Cognizant, LLC",
  "summary": "Distribution Cognizant, LLC is an SEC-registered investment advisory firm in Palo Alto, CA, registered since 2022, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Distribution Cognizant, LLC (CRD 322048): 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 investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Distribution Cognizant, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Distribution Cognizant, 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."
    },
    {
      "q": "Where is Distribution Cognizant, LLC located?",
      "a": "Distribution Cognizant, LLC's principal office is in Palo Alto, CA, according to its Form ADV."
    },
    {
      "q": "Is Distribution Cognizant, LLC registered with the SEC or a state?",
      "a": "Distribution Cognizant, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 322048."
    },
    {
      "q": "How much does Distribution Cognizant, LLC manage?",
      "a": "Distribution Cognizant, LLC reports $5,309,565 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Distribution Cognizant, LLC's assets and staff changed since 2022?",
      "a": "In the Form ADV data for Distribution Cognizant, LLC: Regulatory assets under management: $0 in the October 2022 data and $5,309,565 in the October 2026 data. Total employees: 1 in October 2022 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Distribution Cognizant, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1)."
    },
    {
      "q": "Does Distribution Cognizant, LLC 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/322048"
    },
    {
      "q": "What changed in Distribution Cognizant, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $4,566,525 to $5,309,565 (+16%)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 1,
      "filing_date": "2022-06-14"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2029330.0,
      "total_employees": 1,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3723000.0,
      "total_employees": 2,
      "filing_date": "2024-03-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4566525.0,
      "total_employees": 3,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 5309565.0,
      "total_employees": 3,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $4,566,525 to $5,309,565 (+16%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/distribution-cognizant-llc-palo-alto-ca-322048.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 5309565.0
    }
  ],
  "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/322048",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}