# Fitzroy Investment Advisors LLC

> Fitzroy Investment Advisors LLC is an SEC-registered investment advisory firm in Aventura, FL, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 174342
- Filed as: FITZROY INVESTMENT ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Aventura, FL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/174342
- AdvisorCensus page: https://advisorcensus.com/firm/fitzroy-investment-advisors-llc-aventura-fl-174342

## Quick answers

**How is Fitzroy Investment Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Fitzroy Investment Advisors LLC reports these compensation arrangements: a percentage of assets under its management.

**How much does Fitzroy Investment Advisors LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.35% to 0.45% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Fitzroy Investment Advisors LLC located?**
Fitzroy Investment Advisors LLC's principal office is in Aventura, FL, according to its Form ADV.

**Is Fitzroy Investment Advisors LLC registered with the SEC or a state?**
Fitzroy Investment Advisors LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174342.

**How much does Fitzroy Investment Advisors LLC manage?**
Fitzroy Investment Advisors LLC reports $1,042,976,788 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (0% discretionary).

**How have Fitzroy Investment Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for Fitzroy Investment Advisors LLC: Regulatory assets under management: $513,187,389 in the October 2021 data and $1,042,976,788 in the October 2026 data, up 103%. Total employees: 6 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fitzroy Investment Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (81).

**Does Fitzroy Investment Advisors 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/174342

**Does Fitzroy Investment Advisors LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "The minimum initial Client ‘liquid’ net worth (i.e. excluding real estate or other non -financial assets) is generally $15 million. The minimum requirement can be, and in certain instances has been, waived in the discretion of FitzRoy."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 0.35% to 0.45% a year (a range, as the brochure states it)

> FitzRoy receives an annual advisory fee ranging from 0.35% to 0. 45% of the assets of Advisory Clients under management with FitzRoy, generally payable quarterly in arrears.

- Account minimum: $15,000,000 (the brochure says it may be waived or negotiated)

> The minimum initial Client ‘liquid’ net worth (i.e. excluding real estate or other non -financial assets) is generally $15 million. The minimum requirement can be, and in certain instances has been, waived in the discretion of FitzRoy.

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

### Regulatory assets under management (Item 5.F)
- Total: $1,042,976,788
- Discretionary: $0
- Non-discretionary: $1,042,976,788

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 81 | $1,042,976,788 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 9 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fria.us
- LinkedIn @fitzroy-investment-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $513,187,389 | 6 | March 30, 2021 |
| October 2022 | $595,010,667 | 7 | March 30, 2022 |
| October 2023 | $582,425,775 | 6 | March 30, 2023 |
| October 2024 | $662,347,896 | 7 | March 28, 2024 |
| October 2025 | $1,009,412,939 | 9 | March 31, 2025 |
| October 2026 | $1,042,976,788 | 9 | March 31, 2026 |

Regulatory assets under management: $513,187,389 in the October 2021 data and $1,042,976,788 in the October 2026 data, up 103%.
Total employees: 6 in October 2021 and 9 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fitzroy Investment Advisors LLC (CRD 174342): Form ADV filing data as of October 2026.