# Jefferies Investment Advisers LLC

> Jefferies Investment Advisers LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2023, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 22, 2026.

- CRD: 325421
- Filed as: JEFFERIES INVESTMENT ADVISERS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/325421
- AdvisorCensus page: https://advisorcensus.com/firm/jefferies-investment-advisers-llc-new-york-ny-325421

## Quick answers

**How is Jefferies Investment Advisers LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Jefferies Investment Advisers LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Jefferies Investment Advisers LLC located?**
Jefferies Investment Advisers LLC's principal office is in New York, NY, according to its Form ADV; the July 2026 filing also lists 6 other offices (Schedule D, Section 1.F).

**Is Jefferies Investment Advisers LLC registered with the SEC or a state?**
Jefferies Investment Advisers LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 325421.

**How much does Jefferies Investment Advisers LLC manage?**
Jefferies Investment Advisers LLC reports $5,154,561,141 in regulatory assets under management in its Form ADV filing dated June 22, 2026 (91% discretionary).

**How have Jefferies Investment Advisers LLC's assets and staff changed since 2023?**
In the Form ADV data for Jefferies Investment Advisers LLC: Regulatory assets under management: $2,675,638,283 in the October 2023 data and $5,154,561,141 in the October 2026 data, up 93%. Total employees: 136 in October 2023 and 119 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Jefferies Investment Advisers LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,649); corporations or other businesses not listed above (340); pension and profit sharing plans (but not the plan participants or government pension plans) (30).

**Which custodians does Jefferies Investment Advisers LLC use?**
Jefferies Investment Advisers LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Jefferies Investment Advisers LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). 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/325421

**What changed in Jefferies Investment Advisers LLC's recent Form ADV filings?**
In the July 2026 filing data: Regulatory assets under management went from $3,422,551,910 to $5,154,561,141 (+51%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Pershing 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: $5,154,561,141
- Discretionary: $4,687,668,885
- Non-discretionary: $466,892,256

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,649 | $2,074,897,017 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 30 | $21,269,272 |
| Sovereign wealth funds and foreign official institutions | 1 | $3,206,420 |
| Corporations or other businesses not listed above | 340 | $3,055,188,432 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 119 total, 107 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 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(4): Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?

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/325421

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Chicago, IL
- Los Angeles, CA
- Miami, FL
- Philadelphia, PA
- San Francisco, CA
- Stamford, CT

### Websites listed on Form ADV (Item 1.I)
- jefferies.com
- jefferieswealthmanagement.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $2,675,638,283 | 136 | August 15, 2023 |
| October 2024 | $3,100,468,310 | 144 | February 29, 2024 |
| October 2025 | $3,402,872,417 | 135 | February 27, 2025 |
| October 2026 | $5,154,561,141 | 119 | June 22, 2026 |

Regulatory assets under management: $2,675,638,283 in the October 2023 data and $5,154,561,141 in the October 2026 data, up 93%.
Total employees: 136 in October 2023 and 119 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Regulatory assets under management went from $3,422,551,910 to $5,154,561,141 (+51%).

### March 2026
- Employees performing advisory functions went from 100 to 107.
- No longer lists an office in Atlanta, GA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Jefferies Investment Advisers LLC (CRD 325421): Form ADV filing data as of October 2026.