# Gresham Partners, LLC

> Gresham Partners, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 1997, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 16, 2026.

- CRD: 108668
- Filed as: GRESHAM PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: July 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108668
- AdvisorCensus page: https://advisorcensus.com/firm/gresham-partners-llc-chicago-il-108668

## Quick answers

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

**Where is Gresham Partners, LLC located?**
Gresham Partners, LLC's principal office is in Chicago, IL, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Gresham Partners, LLC registered with the SEC or a state?**
Gresham Partners, LLC is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 108668.

**How much does Gresham Partners, LLC manage?**
Gresham Partners, LLC reports $13,802,530,029 in regulatory assets under management in its Form ADV filing dated July 16, 2026 (61% discretionary).

**How have Gresham Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Gresham Partners, LLC: Regulatory assets under management: $8,098,410,623 in the October 2021 data and $13,802,530,029 in the October 2026 data, up 70%. Total employees: 47 in October 2021 and 67 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Gresham Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (197); pooled investment vehicles (other than investment companies and business development companies) (54).

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

**Does Gresham 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/108668

**What changed in Gresham Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 23 to 26. Regulatory assets under management went from $11,650,765,321 to $13,802,530,029 (+18%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated July 16, 2026)

- Minimum annual fee: $180,000

> Gresham generally imposes a minimum annual fee of $180,000 for services it provides to Clients, but the minimum annual fee may be waived or modified at Gresham’s discretion.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity

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: $13,802,530,029
- Discretionary: $8,417,800,627
- Non-discretionary: $5,384,729,402

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 197 | $3,222,427,035 |
| Pooled investment vehicles (other than investment companies and business development companies) | 54 | $10,572,607,930 |
| Charitable organizations | Fewer than 5 | $7,495,064 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 1997 (29 years)
- Employees: 67 total, 26 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, IL, LA, MI, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Miami, FL

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $8,098,410,623 | 47 | July 16, 2021 |
| October 2022 | $9,517,104,046 | 49 | July 21, 2022 |
| October 2023 | $9,527,145,166 | 64 | August 2, 2023 |
| October 2024 | $10,381,704,421 | 68 | April 1, 2024 |
| October 2025 | $11,650,765,321 | 64 | July 17, 2025 |
| October 2026 | $13,802,530,029 | 67 | July 16, 2026 |

Regulatory assets under management: $8,098,410,623 in the October 2021 data and $13,802,530,029 in the October 2026 data, up 70%.
Total employees: 47 in October 2021 and 67 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 23 to 26.
- Regulatory assets under management went from $11,650,765,321 to $13,802,530,029 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gresham Partners, LLC (CRD 108668): Form ADV filing data as of October 2026.