AdvisorCensus / Financial advisors / New York / New York / HS Management Partners, LLC
HS Management Partners, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2007, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 26, 2026.
Quick answers
From the filingHow is HS Management Partners, LLC compensated?
On its Form ADV (Item 5.E, October 2026), HS Management Partners, LLC reports these compensation arrangements: a percentage of assets under its management.
Where is HS Management Partners, LLC located?
HS Management Partners, LLC's principal office is in New York, NY, according to its Form ADV.
Is HS Management Partners, LLC registered with the SEC or a state?
HS Management Partners, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 145480.
How much does HS Management Partners, LLC manage?
HS Management Partners, LLC reports $469,888,792 in regulatory assets under management in its Form ADV filing dated June 26, 2026 (100% discretionary).
How have HS Management Partners, LLC's assets and staff changed since 2021?
In the Form ADV data for HS Management Partners, LLC: Regulatory assets under management: $3,491,211,787 in the October 2021 data and $469,888,792 in the October 2026 data, down 87%. Total employees: 16 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 HS Management Partners, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (33); charitable organizations (10); corporations or other businesses not listed above (9).
Which custodians does HS Management Partners, LLC use?
HS Management Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Charles Schwab & Co., Inc. and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets.
Does HS Management 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/145480
Does HS Management Partners, LLC state an account minimum?
Its Form ADV Part 2A brochure dated June 11, 2026 says: "There is no minimum account size, and we reserve the right to accept or reject an account for any reason."
What changed in HS Management Partners, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 7 to 5. Regulatory assets under management went from $1,547,896,594 to $469,888,792 (-70%). Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
There is no minimum account size, and we reserve the right to accept or reject an account for any reason.
As stated in the firm's Form ADV Part 2A brochure dated June 11, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$469,888,792 as of October 2026, filing dated June 26, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2007 (18 years)
- Employees
- Total: 9. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
16 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $469,888,792 | 9 | June 26, 2026 |
| October 2025 | $1,547,896,594 | 13 | July 30, 2025 |
| October 2024 | $2,367,827,228 | 18 | May 22, 2024 |
| October 2023 | $2,427,492,006 | 19 | March 31, 2023 |
| October 2022 | $3,926,835,549 | 18 | March 31, 2022 |
| October 2021 | $3,491,211,787 | 16 | March 31, 2021 |
Regulatory assets under management: $3,491,211,787 in the October 2021 data and $469,888,792 in the October 2026 data, down 87%.
Total employees: 16 in October 2021 and 9 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 7 to 5.
- Regulatory assets under management went from $1,547,896,594 to $469,888,792 (-70%).
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. HS Management Partners, LLC (CRD 145480): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/hs-management-partners-llc-new-york-ny-145480