# Entrepreneurshares LLC

> Entrepreneurshares LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2010, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 153615
- Filed as: ENTREPRENEURSHARES LLC
- Also doing business as: ENTREPRENEURSHARES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/153615
- AdvisorCensus page: https://advisorcensus.com/firm/entrepreneurshares-llc-boston-ma-153615

## Quick answers

**How is Entrepreneurshares LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Entrepreneurshares LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Entrepreneurshares LLC located?**
Entrepreneurshares LLC's principal office is in Boston, MA, according to its Form ADV.

**Is Entrepreneurshares LLC registered with the SEC or a state?**
Entrepreneurshares LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 153615.

**How much does Entrepreneurshares LLC manage?**
Entrepreneurshares LLC reports $50,357,062 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Entrepreneurshares LLC's assets and staff changed since 2021?**
In the Form ADV data for Entrepreneurshares LLC: Regulatory assets under management: $68,514,553 in the October 2021 data and $50,357,062 in the October 2026 data, down 27%. Total employees: 9 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Entrepreneurshares LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Entrepreneurshares 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/153615

**What changed in Entrepreneurshares LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $45,235,586 to $50,357,062 (+11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Regulatory assets under management (Item 5.F)
- Total: $50,357,062
- Discretionary: $50,357,062
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $111,037 |
| High net worth individuals | Fewer than 5 | $3,951,634 |
| Investment companies | 1 | $46,294,391 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Other

### Firm details
- Registered since: 2010 (16 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- 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)
- ershares.com
- Facebook @ershares
- Instagram @entrepreneurshares
- Instagram @eva_ados
- LinkedIn @entrepreneurshares-llc
- TikTok @ershares
- TikTok @eva_ados
- X @ershares
- X @ershares
- X @eva_ados
- X @joel_shulman
- YouTube @UC9kzPogaCli8ZuWdXMArPRg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $68,514,553 | 9 | March 31, 2021 |
| October 2022 | $101,151,305 | 7 | June 30, 2022 |
| October 2023 | $43,006,202 | 6 | March 31, 2023 |
| October 2024 | $53,171,598 | 6 | March 27, 2024 |
| October 2025 | $45,235,586 | 5 | March 31, 2025 |
| October 2026 | $50,357,062 | 5 | March 31, 2026 |

Regulatory assets under management: $68,514,553 in the October 2021 data and $50,357,062 in the October 2026 data, down 27%.
Total employees: 9 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $45,235,586 to $50,357,062 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Entrepreneurshares LLC (CRD 153615): Form ADV filing data as of October 2026.