{ "crd_number": 161386, "slug": "hep-partners-llc-dallas-tx-161386", "primary_business_name": "HEP PARTNERS LLC", "legal_name": "HEP PARTNERS LLC", "dbas": [ "HICKS EQUITY PARTNERS LLC", "HICKS TRANS AMERICAN PARTNERS LLC" ], "city": "Dallas", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-30", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 257907470.0, "raum_discretionary": 257907470.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 8, "advisory_employees": 5, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 257907470.0, "count": 10 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "TX" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161386", "city_as_filed": "DALLAS", "url": "https://advisorcensus.com/firm/hep-partners-llc-dallas-tx-161386", "display_name": "HEP Partners LLC", "summary": "HEP Partners LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. HEP Partners LLC (CRD 161386): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is HEP Partners LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), HEP Partners LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is HEP Partners LLC located?", "a": "HEP Partners LLC's principal office is in Dallas, TX, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is HEP Partners LLC registered with the SEC or a state?", "a": "HEP Partners LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161386." }, { "q": "How much does HEP Partners LLC manage?", "a": "HEP Partners LLC reports $257,907,470 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have HEP Partners LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for HEP Partners LLC: Regulatory assets under management: $153,176,447 in the October 2021 data and $257,907,470 in the October 2026 data, up 68%. Total employees: 20 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does HEP Partners LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10)." }, { "q": "Does HEP Partners LLC 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/161386" }, { "q": "What changed in HEP Partners LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 6 to 5. Regulatory assets under management went from $208,342,392 to $257,907,470 (+24%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 153176447.0, "total_employees": 20, "filing_date": "2021-09-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 344612789.0, "total_employees": 19, "filing_date": "2022-04-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 358697580.0, "total_employees": 10, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 221402131.0, "total_employees": 9, "filing_date": "2024-05-03" }, { "period": "2025-10-01", "regulatory_assets_under_management": 208342392.0, "total_employees": 9, "filing_date": "2025-04-02" }, { "period": "2026-10-01", "regulatory_assets_under_management": 257907470.0, "total_employees": 8, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 6 to 5.", "Regulatory assets under management went from $208,342,392 to $257,907,470 (+24%)." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Changed its office addresses in Tigre - Prov. de Buenos Aires.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/hep-partners-llc-dallas-tx-161386.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 10, "fewer_than_5": false, "raum": 257907470.0 } ], "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/161386", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }