# Earnest Partners, LLC

> Earnest Partners, LLC is an SEC-registered investment advisory firm in Atlanta, GA, registered since 1999, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 13, 2026.

- CRD: 107926
- Filed as: EARNEST PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Atlanta, GA
- Filing period: October 2026
- Form ADV filing dated: July 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107926
- AdvisorCensus page: https://advisorcensus.com/firm/earnest-partners-llc-atlanta-ga-107926

## Quick answers

**How is Earnest Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Earnest Partners, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Earnest Partners, LLC located?**
Earnest Partners, LLC's principal office is in Atlanta, GA, according to its Form ADV.

**Is Earnest Partners, LLC registered with the SEC or a state?**
Earnest Partners, LLC is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 107926.

**How much does Earnest Partners, LLC manage?**
Earnest Partners, LLC reports $42,608,633,836 in regulatory assets under management in its Form ADV filing dated July 13, 2026 (100% discretionary).

**How have Earnest Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Earnest Partners, LLC: Regulatory assets under management: $28,296,334,689 in the October 2021 data and $42,608,633,836 in the October 2026 data, up 51%. Total employees: 43 in October 2021 and 47 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Earnest Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: other (7,128); state or municipal government entities (including government pension plans) (88); corporations or other businesses not listed above (51).

**Which custodians does Earnest Partners, LLC use?**
Earnest Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon, State Street Bank and Trust Co. and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Earnest Partners, 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/107926

**What changed in Earnest Partners, LLC's recent Form ADV filings?**
In the August 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

### Custodians (Schedule D, Section 5.K(3))
- Bank of New York Mellon
- State Street Bank and Trust Co.
- The Northern Trust Company

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: $42,608,633,836
- Discretionary: $42,550,825,635
- Non-discretionary: $57,808,201

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 10 | $143,712,624 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 14 | $4,215,583,719 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 20 | $11,685,318,220 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 44 | $3,870,242,729 |
| Charitable organizations | 44 | $1,257,246,859 |
| State or municipal government entities (including government pension plans) | 88 | $14,926,421,309 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 14 | $361,993,904 |
| Sovereign wealth funds and foreign official institutions | 2 | $169,807,321 |
| Corporations or other businesses not listed above | 51 | $1,553,624,249 |
| Other | 7,128 | $4,424,682,902 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1999 (27 years)
- Employees: 47 total, 16 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- earnestpartners.com
- LinkedIn @earnest-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $28,296,334,689 | 43 | April 27, 2021 |
| October 2022 | $31,693,580,376 | 42 | June 29, 2022 |
| October 2023 | $29,382,478,158 | 43 | June 12, 2023 |
| October 2024 | $35,289,452,223 | 44 | May 7, 2024 |
| October 2025 | $38,257,299,156 | 43 | May 5, 2025 |
| October 2026 | $42,608,633,836 | 47 | July 13, 2026 |

Regulatory assets under management: $28,296,334,689 in the October 2021 data and $42,608,633,836 in the October 2026 data, up 51%.
Total employees: 43 in October 2021 and 47 in October 2026.

## Changes in the filing (last 12 months)

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

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

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

### April 2026
- Regulatory assets under management went from $38,257,299,156 to $42,608,633,836 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Earnest Partners, LLC (CRD 107926): Form ADV filing data as of October 2026.