{
  "crd_number": 173481,
  "slug": "lep-management-llc-salt-lake-city-ut-173481",
  "primary_business_name": "LEP MANAGEMENT LLC",
  "legal_name": "LEP MANAGEMENT LLC",
  "dbas": [
    "LEAVITT EQUITY PARTNERS"
  ],
  "city": "Salt Lake City",
  "state": "UT",
  "country": "United States",
  "cbsa_code": "41620",
  "metro": {
    "cbsa_code": "41620",
    "common_name": "Salt Lake City",
    "msa_name": "Salt Lake City-Murray, UT",
    "path": "/advisors/ut/salt-lake-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-10-27",
  "years_registered": 8,
  "period": "2026-10-01",
  "filing_date": "2026-05-06",
  "carried_forward": false,
  "raum_total": 585156625.0,
  "raum_discretionary": 585156625.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 13,
  "advisory_employees": 12,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 585156625.0,
      "count": 4
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "UT"
  ],
  "websites": [
    "https://leavittequity.com",
    "https://linkedin.com/company/leavitt-equity-partners/about"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/173481",
  "city_as_filed": "SALT LAKE CITY",
  "url": "https://advisorcensus.com/firm/lep-management-llc-salt-lake-city-ut-173481",
  "display_name": "LEP Management LLC",
  "summary": "LEP Management LLC is an SEC-registered investment advisory firm in Salt Lake City, UT, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 6, 2026.",
  "citation": "AdvisorCensus. LEP Management LLC (CRD 173481): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is LEP Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), LEP Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other."
    },
    {
      "q": "What does LEP Management LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is LEP Management LLC located?",
      "a": "LEP Management LLC's principal office is in Salt Lake City, UT, according to its Form ADV."
    },
    {
      "q": "Is LEP Management LLC registered with the SEC or a state?",
      "a": "LEP Management LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 173481."
    },
    {
      "q": "How much does LEP Management LLC manage?",
      "a": "LEP Management LLC reports $585,156,625 in regulatory assets under management in its Form ADV filing dated May 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have LEP Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for LEP Management LLC: Regulatory assets under management: $284,053,322 in the October 2021 data and $585,156,625 in the October 2026 data, up 106%. Total employees: 10 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does LEP Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4)."
    },
    {
      "q": "Does LEP Management LLC 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/173481"
    },
    {
      "q": "What changed in LEP Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 11 to 12. Regulatory assets under management went from $525,274,307 to $585,156,625 (+11%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 284053322.0,
      "total_employees": 10,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 384612445.0,
      "total_employees": 12,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 397647684.0,
      "total_employees": 13,
      "filing_date": "2023-06-05"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 468800528.0,
      "total_employees": 12,
      "filing_date": "2024-05-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 525274307.0,
      "total_employees": 12,
      "filing_date": "2025-05-13"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 585156625.0,
      "total_employees": 13,
      "filing_date": "2026-05-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 11 to 12.",
        "Regulatory assets under management went from $525,274,307 to $585,156,625 (+11%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "tiers": [],
    "flat_rate": "2% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 2% of assets a year"
        ],
        "quotes": [
          "LEP Management receives management fees in an amount equal to two percent (2%) of aggregate capital commitments of the limited partners for the duration of the investment period and, following the investment period two percent (2%) of aggregate capital commitments used to make investments that have not been disposed of, through the duration of the fund."
        ]
      }
    ],
    "quotes": [
      "LEP Management receives management fees in an amount equal to two percent (2%) of aggregate capital commitments of the limited partners for the duration of the investment period and, following the investment period two percent (2%) of aggregate capital commitments used to make investments that have not been disposed of, through the duration of the fund."
    ],
    "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/lep-management-llc-salt-lake-city-ut-173481.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 585156625.0
    }
  ],
  "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/173481",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}