# Firethorn Partners, LLC

> Firethorn Partners, LLC is an SEC-registered investment advisory firm in Vancouver, Bc, Canada, registered since 2017, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 288935
- Filed as: FIRETHORN PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Vancouver, Bc, Canada
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288935
- AdvisorCensus page: https://advisorcensus.com/firm/firethorn-partners-llc-vancouver-bc-288935

## Quick answers

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

**Where is Firethorn Partners, LLC located?**
Firethorn Partners, LLC's principal office is in Vancouver, Bc, Canada, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Firethorn Partners, LLC registered with the SEC or a state?**
Firethorn Partners, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288935.

**How much does Firethorn Partners, LLC manage?**
Firethorn Partners, LLC reports $30,417,628 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Firethorn Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Firethorn Partners, LLC: Regulatory assets under management: $18,784,524 in the October 2021 data and $30,417,628 in the October 2026 data, up 62%. Total employees: 5 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Firethorn Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (34); high net worth individuals (24); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Firethorn Partners, LLC use?**
Firethorn Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Firethorn Partners, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/288935

**What changed in Firethorn Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 2. Regulatory assets under management went from $26,149,582 to $30,417,628 (+16%).

## 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))
- Fidelity Brokerage Services LLC

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: $30,417,628
- Discretionary: $30,417,628
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 34 | $7,639,922 |
| High net worth individuals | 24 | $15,708,453 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $3,589,012 |
| Corporations or other businesses not listed above | Fewer than 5 | $3,480,241 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2017 (8 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/288935

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Houston, TX

### Websites listed on Form ADV (Item 1.I)
- firethornpartners.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $18,784,524 | 5 | August 6, 2021 |
| October 2022 | $25,853,398 | 2 | March 30, 2022 |
| October 2023 | $22,298,391 | 4 | March 31, 2023 |
| October 2024 | $21,731,909 | 4 | March 27, 2024 |
| October 2025 | $26,149,582 | 4 | March 24, 2025 |
| October 2026 | $30,417,628 | 4 | March 27, 2026 |

Regulatory assets under management: $18,784,524 in the October 2021 data and $30,417,628 in the October 2026 data, up 62%.
Total employees: 5 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 2.
- Regulatory assets under management went from $26,149,582 to $30,417,628 (+16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Firethorn Partners, LLC (CRD 288935): Form ADV filing data as of October 2026.