{
  "crd_number": 289028,
  "slug": "impact-investors-aptos-ca-289028",
  "primary_business_name": "IMPACT INVESTORS",
  "legal_name": "IMPACT INVESTORS, INC.",
  "dbas": [],
  "city": "Aptos",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "42100",
  "metro": {
    "cbsa_code": "42100",
    "common_name": "Santa Cruz",
    "msa_name": "Santa Cruz-Watsonville, CA",
    "path": "/advisors/ca/santa-cruz"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-03-20",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-08-05",
  "carried_forward": false,
  "raum_total": 318228152.0,
  "raum_discretionary": 279809783.0,
  "raum_non_discretionary": 38418369.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 9,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 564885.0,
      "count": 3,
      "description": "HIFI PRIVATE INVESTORS",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 2038225.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 97295909.0,
      "count": 168
    },
    "pension_profit_sharing": {
      "raum": 35550016.0,
      "count": 16
    },
    "high_net_worth_individuals": {
      "raum": 182779117.0,
      "count": 52
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "IL",
    "NM",
    "NY",
    "OR",
    "TX"
  ],
  "websites": [
    "https://facebook.com/theimpactinvestors",
    "https://linkedin.com/company/the-impact-investors",
    "https://theimpactinvestors.com",
    "https://twitter.com/theimpactinv"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/289028",
  "city_as_filed": "APTOS",
  "url": "https://advisorcensus.com/firm/impact-investors-aptos-ca-289028",
  "display_name": "Impact Investors",
  "summary": "Impact Investors is an SEC-registered investment advisory firm in Aptos, CA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 5, 2026.",
  "citation": "AdvisorCensus. Impact Investors (CRD 289028): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Impact Investors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Impact Investors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Impact Investors charge?",
      "a": "Its Form ADV Part 2A brochure dated July 23, 2026 states: Subscription: $99 to $999 a month (ongoing fee for Ongoing Financial Planning); Flat fee: $1,000 to $100,000 (Financial Planning); Hourly rate: $300 an hour (hours worked in the event of early termination). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Impact Investors located?",
      "a": "Impact Investors' principal office is in Aptos, CA, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Impact Investors registered with the SEC or a state?",
      "a": "Impact Investors is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 289028."
    },
    {
      "q": "How much does Impact Investors manage?",
      "a": "Impact Investors reports $318,228,152 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (88% discretionary)."
    },
    {
      "q": "How have Impact Investors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Impact Investors: Regulatory assets under management: $221,645,500 in the October 2021 data and $318,228,152 in the October 2026 data, up 44%. Total employees: 5 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Impact Investors serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (168); high net worth individuals (52); pension and profit sharing plans (but not the plan participants or government pension plans) (16)."
    },
    {
      "q": "Which custodians does Impact Investors use?",
      "a": "Impact Investors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Impact Investors 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/289028"
    },
    {
      "q": "What changed in Impact Investors' recent Form ADV filings?",
      "a": "In the September 2026 filing data: Registered or notice-filed in NM."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 221645500.0,
      "total_employees": 5,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 258233173.0,
      "total_employees": 5,
      "filing_date": "2022-09-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 239153493.0,
      "total_employees": 4,
      "filing_date": "2023-09-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 267931954.0,
      "total_employees": 5,
      "filing_date": "2024-02-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 282957322.0,
      "total_employees": 8,
      "filing_date": "2025-04-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 318228152.0,
      "total_employees": 9,
      "filing_date": "2026-08-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Registered or notice-filed in NM."
      ]
    },
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $282,957,322 to $318,228,152 (+12%)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in MI, OH."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in AZ."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 23, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Subscription: $99 to $999 a month (ongoing fee for Ongoing Financial Planning)",
      "Flat fee: $1,000 to $100,000 (Financial Planning)",
      "Hourly rate: $300 an hour (hours worked in the event of early termination)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $99 to $999 a month (ongoing fee for Ongoing Financial Planning)"
        ],
        "quotes": [
          "Ongoing Financial Planning consists of an initial planning fee ranging between $599 and $2999 and ongoing fee that is paid monthly, in arrears, at the rate of $99 ‐ $999 per month."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 to $100,000 (Financial Planning)"
        ],
        "quotes": [
          "Financial Planning is offered on a fixed fee basis. The fixed fee will be agreed upon before the start of any work. The fixed fee can range between $1,000 and $100,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 an hour (hours worked in the event of early termination)"
        ],
        "quotes": [
          "In the event of early termination, the client will be billed for the hours worked at a rate of $300 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "subscription",
          "amount": null,
          "min": 99.0,
          "max": 999.0,
          "period": "monthly",
          "service": "ongoing fee for Ongoing Financial Planning"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 1000.0,
          "max": 100000.0,
          "period": "one_time",
          "service": "Financial Planning"
        },
        {
          "kind": "hourly",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "hours worked in the event of early termination"
        }
      ]
    },
    "quotes": [
      "Ongoing Financial Planning consists of an initial planning fee ranging between $599 and $2999 and ongoing fee that is paid monthly, in arrears, at the rate of $99 ‐ $999 per month.",
      "Financial Planning is offered on a fixed fee basis. The fixed fee will be agreed upon before the start of any work. The fixed fee can range between $1,000 and $100,000.",
      "In the event of early termination, the client will be billed for the hours worked at a rate of $300 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/impact-investors-aptos-ca-289028.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 168,
      "fewer_than_5": false,
      "raum": 97295909.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 52,
      "fewer_than_5": false,
      "raum": 182779117.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 16,
      "fewer_than_5": false,
      "raum": 35550016.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 2038225.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 3,
      "fewer_than_5": true,
      "raum": 564885.0
    }
  ],
  "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/289028",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}