# Lateral Investment Management, LLC

> Lateral Investment Management, LLC is an SEC-registered investment advisory firm in Burlingame, CA, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 26, 2026.

- CRD: 159649
- Filed as: LATERAL INVESTMENT MANAGEMENT, LLC
- Also doing business as: LATERAL INVESTMENT MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Burlingame, CA
- Filing period: October 2026
- Form ADV filing dated: June 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159649
- AdvisorCensus page: https://advisorcensus.com/firm/lateral-investment-management-llc-burlingame-ca-159649

## Quick answers

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

**Where is Lateral Investment Management, LLC located?**
Lateral Investment Management, LLC's principal office is in Burlingame, CA, according to its Form ADV.

**Is Lateral Investment Management, LLC registered with the SEC or a state?**
Lateral Investment Management, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 159649.

**How much does Lateral Investment Management, LLC manage?**
Lateral Investment Management, LLC reports $1,003,867,391 in regulatory assets under management in its Form ADV filing dated June 26, 2026 (84% discretionary).

**How have Lateral Investment Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Lateral Investment Management, LLC: Regulatory assets under management: $497,752,962 in the October 2021 data and $1,003,867,391 in the October 2026 data, up 102%. Total employees: 12 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lateral Investment Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (23).

**Does Lateral Investment Management, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). 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/159649

**What changed in Lateral Investment Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2)). Employees performing advisory functions went from 11 to 13. Regulatory assets under management went from $847,663,764 to $1,003,867,391 (+18%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $1,003,867,391
- Discretionary: $846,860,264
- Non-discretionary: $157,007,127

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| 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) | 23 | $1,003,867,391 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 24 total, 13 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

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/159649

### Websites listed on Form ADV (Item 1.I)
- lateralim.com
- LinkedIn @lateral-im
- X @Lateralim

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $497,752,962 | 12 | March 31, 2021 |
| October 2022 | $573,834,102 | 13 | March 30, 2022 |
| October 2023 | $628,859,540 | 19 | April 11, 2023 |
| October 2024 | $782,249,094 | 20 | March 30, 2024 |
| October 2025 | $847,663,764 | 21 | March 29, 2025 |
| October 2026 | $1,003,867,391 | 24 | June 26, 2026 |

Regulatory assets under management: $497,752,962 in the October 2021 data and $1,003,867,391 in the October 2026 data, up 102%.
Total employees: 12 in October 2021 and 24 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2)).
- Employees performing advisory functions went from 11 to 13.
- Regulatory assets under management went from $847,663,764 to $1,003,867,391 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lateral Investment Management, LLC (CRD 159649): Form ADV filing data as of October 2026.