{
  "crd_number": 161692,
  "slug": "kailai-advisers-ltd-los-angeles-ca-161692",
  "primary_business_name": "KAILAI ADVISERS LTD.",
  "legal_name": "KAILAI ADVISERS LTD.",
  "dbas": [],
  "city": "Los Angeles",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-03-29",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-05-21",
  "carried_forward": false,
  "raum_total": 57779436.0,
  "raum_discretionary": 57779436.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 9,
  "advisory_employees": 9,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": null,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 57779436.0,
      "count": 2
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://claritypartners.net"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161692",
  "city_as_filed": "LOS ANGELES",
  "url": "https://advisorcensus.com/firm/kailai-advisers-ltd-los-angeles-ca-161692",
  "display_name": "Kailai Advisers Ltd.",
  "summary": "Kailai Advisers Ltd. is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2012, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated May 21, 2026.",
  "citation": "AdvisorCensus. Kailai Advisers Ltd. (CRD 161692): 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)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Kailai Advisers Ltd. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Kailai Advisers Ltd. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Kailai Advisers Ltd. located?",
      "a": "Kailai Advisers Ltd.'s principal office is in Los Angeles, CA, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Kailai Advisers Ltd. registered with the SEC or a state?",
      "a": "Kailai Advisers Ltd. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161692."
    },
    {
      "q": "How much does Kailai Advisers Ltd. manage?",
      "a": "Kailai Advisers Ltd. reports $57,779,436 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (100% discretionary)."
    },
    {
      "q": "How have Kailai Advisers Ltd.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Kailai Advisers Ltd.: Regulatory assets under management: $149,804,344 in the October 2021 data and $57,779,436 in the October 2026 data, down 61%. Total employees: 17 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 Kailai Advisers Ltd. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Does Kailai Advisers Ltd. 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/161692"
    },
    {
      "q": "Does Kailai Advisers Ltd. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 29, 2026 says: \"Registrant typically imposes a minimum investment in connection with investing in a Fund of $10 million, although such minimums may be waived in the discretion of Registrant.\""
    },
    {
      "q": "What changed in Kailai Advisers Ltd.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 16 to 9. Regulatory assets under management went from $94,738,677 to $57,779,436 (-39%). Changed its office addresses in Beijing."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 149804344.0,
      "total_employees": 17,
      "filing_date": "2021-04-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 134451532.0,
      "total_employees": 17,
      "filing_date": "2022-04-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 115217166.0,
      "total_employees": 17,
      "filing_date": "2023-04-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 110522332.0,
      "total_employees": 16,
      "filing_date": "2024-04-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 94738677.0,
      "total_employees": 16,
      "filing_date": "2025-04-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 57779436.0,
      "total_employees": 9,
      "filing_date": "2026-05-21"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 16 to 9.",
        "Regulatory assets under management went from $94,738,677 to $57,779,436 (-39%).",
        "Changed its office addresses in Beijing."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 29, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$10,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $10,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Registrant typically imposes a minimum investment in connection with investing in a Fund of $10 million, although such minimums may be waived in the discretion of Registrant."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 10000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Registrant typically imposes a minimum investment in connection with investing in a Fund of $10 million, although such minimums may be waived in the discretion of Registrant."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/kailai-advisers-ltd-los-angeles-ca-161692.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 57779436.0
    }
  ],
  "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/161692",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}