# Dream U.S. Manager LLC

> Dream U.S. Manager LLC is an SEC-registered investment advisory firm in Denver, CO, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 13, 2026.

- CRD: 314547
- Filed as: DREAM U.S. MANAGER LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: August 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314547
- AdvisorCensus page: https://advisorcensus.com/firm/dream-u-s-manager-llc-denver-co-314547

## Quick answers

**How is Dream U.S. Manager LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Dream U.S. Manager LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Dream U.S. Manager LLC located?**
Dream U.S. Manager LLC's principal office is in Denver, CO, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Dream U.S. Manager LLC registered with the SEC or a state?**
Dream U.S. Manager LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314547.

**How much does Dream U.S. Manager LLC manage?**
Dream U.S. Manager LLC reports $1,040,201,358 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (100% discretionary).

**How have Dream U.S. Manager LLC's assets and staff changed since 2021?**
In the Form ADV data for Dream U.S. Manager LLC: Regulatory assets under management: $0 in the October 2021 data and $1,040,201,358 in the October 2026 data. Total employees: 3 in October 2021 and 42 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Dream U.S. Manager LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Dream U.S. Manager 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/314547

**Does Dream U.S. Manager LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 26, 2026 says: "Typically, Dream will require a minimum investment of $5,000,000, although the Firm maintains discretion to waive, increase or reduce the minimum investment required."

**What changed in Dream U.S. Manager LLC's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> Typically, Dream will require a minimum investment of $5,000,000, although the Firm maintains discretion to waive, increase or reduce the minimum investment required.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,040,201,358
- Discretionary: $1,040,201,358
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $1,040,201,358 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 42 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Toronto

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $0 | 3 | May 17, 2021 |
| October 2022 | $1,046,529,850 | 29 | March 17, 2022 |
| October 2023 | $1,129,323,100 | 28 | March 29, 2023 |
| October 2024 | $1,126,101,824 | 44 | June 14, 2024 |
| October 2025 | $1,102,011,563 | 46 | March 27, 2025 |
| October 2026 | $1,040,201,358 | 42 | August 13, 2026 |

Regulatory assets under management: $0 in the October 2021 data and $1,040,201,358 in the October 2026 data.
Total employees: 3 in October 2021 and 42 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Dream U.S. Manager LLC (CRD 314547): Form ADV filing data as of October 2026.