# Janus Henderson Investors

> Janus Henderson Investors is an SEC-registered investment advisory firm in Denver, CO, registered since 1978, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 29, 2026.

- CRD: 104652
- Filed as: JANUS HENDERSON INVESTORS
- Legal name: Janus Henderson Investors US LLC
- Also doing business as: RICHARD BERNSTEIN ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: July 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104652
- AdvisorCensus page: https://advisorcensus.com/firm/janus-henderson-investors-denver-co-104652

## Quick answers

**How is Janus Henderson Investors compensated?**
On its Form ADV (Item 5.E, October 2026), Janus Henderson Investors reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Janus Henderson Investors located?**
Janus Henderson Investors' principal office is in Denver, CO, according to its Form ADV; the August 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

**Is Janus Henderson Investors registered with the SEC or a state?**
Janus Henderson Investors is an SEC-registered investment advisory firm, registered since 1978. Status as filed: Approved. CRD 104652.

**How much does Janus Henderson Investors manage?**
Janus Henderson Investors reports $380,428,751,746 in regulatory assets under management in its Form ADV filing dated July 29, 2026 (100% discretionary).

**How have Janus Henderson Investors' assets and staff changed since 2021?**
In the Form ADV data for Janus Henderson Investors: Regulatory assets under management: $236,463,765,485 in the October 2021 data and $380,428,751,746 in the October 2026 data, up 61%. Total employees: 1,141 in October 2021 and 1,013 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Janus Henderson Investors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (7,214); pooled investment vehicles (other than investment companies and business development companies) (116); investment companies (83).

**Which custodians does Janus Henderson Investors use?**
Janus Henderson Investors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan Securities LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Janus Henderson Investors report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104652

**What changed in Janus Henderson Investors' recent Form ADV filings?**
In the August 2026 filing data: 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
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- JP Morgan Securities LLC

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: $380,428,751,746
- Discretionary: $380,428,751,746
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 7,214 | $1,765,377,324 |
| High net worth individuals | Fewer than 5 | $10,354,457 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 83 | $257,987,933,619 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 116 | $59,103,462,171 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 32 | $6,770,463,870 |
| Charitable organizations | Fewer than 5 | $382,001,364 |
| State or municipal government entities (including government pension plans) | 5 | $653,067,471 |
| Other investment advisers | 9 | $417,128,851 |
| Insurance companies | 9 | $48,901,005,281 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $3,419,978,398 |
| Corporations or other businesses not listed above | 7 | $658,391,337 |
| Other | Fewer than 5 | $359,587,603 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 1978 (48 years)
- Employees: 1,013 total, 152 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104652

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Boston, MA
- Chicago, IL
- Darien, CT
- New York, NY
- Newport Beach, CA

### Websites listed on Form ADV (Item 1.I)
- bsky.app/profile/janus-henderson.bsky.social
- indices.janushenderson.com
- janushenderson.com
- janushendersoncharitable.org
- rbadvisors.com
- reddit.com/user/JanusHenderson
- threads.com/@janushendersoninvestors
- victoryparkcapital.com
- Facebook @janushendersoninvestors
- Instagram @janushendersoninvestors
- LinkedIn @janus-henderson-investors
- LinkedIn @richard-bernstein-advisors
- TikTok @janushendersoninvestors
- X @RBAdvisors
- X @jhiadvisersuk
- X @jhiadvisors
- YouTube @JanusHendersonInvestmentTrusts
- YouTube @janushendersoninvestors
- YouTube @UCInISKCe5iXj2tUdydzQD-A

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $236,463,765,485 | 1,141 | April 19, 2021 |
| October 2022 | $269,270,176,628 | 1,133 | May 19, 2022 |
| October 2023 | $203,245,721,760 | 1,061 | June 30, 2023 |
| October 2024 | $239,345,489,058 | 978 | July 1, 2024 |
| October 2025 | $274,673,755,365 | 1,010 | July 7, 2025 |
| October 2026 | $380,428,751,746 | 1,013 | July 29, 2026 |

Regulatory assets under management: $236,463,765,485 in the October 2021 data and $380,428,751,746 in the October 2026 data, up 61%.
Total employees: 1,141 in October 2021 and 1,013 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- Added the business name Richard Bernstein Advisors.
- Added an office in New York, NY.

### April 2026
- Employees performing advisory functions went from 143 to 152.
- Regulatory assets under management went from $274,673,755,365 to $380,428,751,746 (+39%).
- Changed its office addresses in Darien, CT.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Janus Henderson Investors (CRD 104652): Form ADV filing data as of October 2026.