{ "crd_number": 105499, "slug": "flaherty-and-crumrine-incorporated-pasadena-ca-105499", "primary_business_name": "FLAHERTY & CRUMRINE INCORPORATED", "legal_name": "FLAHERTY & CRUMRINE INCORPORATED", "dbas": [], "city": "Pasadena", "state": "CA", "country": "United States", "cbsa_code": "31080", "metro": { "cbsa_code": "31080", "common_name": "Los Angeles", "msa_name": "Los Angeles-Long Beach-Anaheim, CA", "path": "/advisors/ca/los-angeles" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1983-07-21", "years_registered": 43, "period": "2026-10-01", "filing_date": "2026-03-25", "carried_forward": false, "raum_total": 4149835668.0, "raum_discretionary": 4149835668.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 14, "advisory_employees": 8, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 70782074.0, "count": null, "description": "NUCLEAR DECOMMISSIONING TRUST", "fewer_than_5": true }, "insurance_companies": { "raum": 840596411.0, "count": 8 }, "investment_companies": { "raum": 3107023714.0, "count": 6 }, "pooled_investment_vehicles": { "raum": 131433469.0, "count": 2 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://flahertycrumrine.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105499", "city_as_filed": "PASADENA", "url": "https://advisorcensus.com/firm/flaherty-and-crumrine-incorporated-pasadena-ca-105499", "display_name": "Flaherty & Crumrine Incorporated", "summary": "Flaherty & Crumrine Incorporated is an SEC-registered investment advisory firm in Pasadena, CA, registered since 1983, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.", "citation": "AdvisorCensus. Flaherty & Crumrine Incorporated (CRD 105499): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "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" ], "quick_answers": [ { "q": "How is Flaherty & Crumrine Incorporated compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Flaherty & Crumrine Incorporated reports these compensation arrangements: a percentage of assets under its management." }, { "q": "Where is Flaherty & Crumrine Incorporated located?", "a": "Flaherty & Crumrine Incorporated's principal office is in Pasadena, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Flaherty & Crumrine Incorporated registered with the SEC or a state?", "a": "Flaherty & Crumrine Incorporated is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 105499." }, { "q": "How much does Flaherty & Crumrine Incorporated manage?", "a": "Flaherty & Crumrine Incorporated reports $4,149,835,668 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)." }, { "q": "How have Flaherty & Crumrine Incorporated's assets and staff changed since 2021?", "a": "In the Form ADV data for Flaherty & Crumrine Incorporated: Regulatory assets under management: $4,627,128,172 in the October 2021 data and $4,149,835,668 in the October 2026 data, down 10%. Total employees: 17 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Flaherty & Crumrine Incorporated serve?", "a": "By number of clients on Form ADV Item 5.D: insurance companies (8); investment companies (6); pooled investment vehicles (other than investment companies and business development companies) (2)." }, { "q": "Which custodians does Flaherty & Crumrine Incorporated use?", "a": "Flaherty & Crumrine Incorporated's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JPMorgan Chase Bank, NA, The Bank of New York and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Flaherty & Crumrine Incorporated report any disciplinary disclosures?", "a": "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/105499" }, { "q": "What changed in Flaherty & Crumrine Incorporated's recent Form ADV filings?", "a": "In the April 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 4627128172.0, "total_employees": 17, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 4862553227.0, "total_employees": 15, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3943267235.0, "total_employees": 15, "filing_date": "2023-03-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3902574340.0, "total_employees": 13, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4063203427.0, "total_employees": 13, "filing_date": "2025-07-11" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4149835668.0, "total_employees": 14, "filing_date": "2026-03-25" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "JPMorgan Chase Bank, NA", "name_as_filed": "JPMORGAN CHASE BANK, NA", "affiliated": false }, { "name": "The Bank of New York", "name_as_filed": "THE BANK OF NEW YORK", "affiliated": false }, { "name": "The Northern Trust Company", "name_as_filed": "THE NORTHERN TRUST COMPANY", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/flaherty-and-crumrine-incorporated-pasadena-ca-105499.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 6, "fewer_than_5": false, "raum": 3107023714.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 2, "fewer_than_5": false, "raum": 131433469.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 8, "fewer_than_5": false, "raum": 840596411.0 }, { "type": "other", "label": "Other", "count": null, "fewer_than_5": true, "raum": 70782074.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105499", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }