# 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.

- CRD: 145480
- Filed as: HS MANAGEMENT PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145480
- AdvisorCensus page: https://advisorcensus.com/firm/hs-management-partners-llc-new-york-ny-145480

## Quick answers

**How 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

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

### Fees and minimums (Form ADV Part 2A brochure dated June 11, 2026)

- Account minimum: None

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Charles Schwab & Co., Inc.
- The Northern Trust Company

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: $469,888,792
- Discretionary: $469,888,792
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 33 | $166,399,959 |
| 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) | 6 | $74,216,630 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 10 | $190,971,233 |
| 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 | 9 | $38,300,970 |

### 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

### Firm details
- Registered since: 2007 (18 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, CT, FL, IL, LA, MA, MO, NC, NE, NH, NJ, NY, OH, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- hsmanage.com
- LinkedIn @HS-MANAGEMENT-PARTNERS-LLC
- YouTube youtube.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,491,211,787 | 16 | March 31, 2021 |
| October 2022 | $3,926,835,549 | 18 | March 31, 2022 |
| October 2023 | $2,427,492,006 | 19 | March 31, 2023 |
| October 2024 | $2,367,827,228 | 18 | May 22, 2024 |
| October 2025 | $1,547,896,594 | 13 | July 30, 2025 |
| October 2026 | $469,888,792 | 9 | June 26, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. HS Management Partners, LLC (CRD 145480): Form ADV filing data as of October 2026.