{
  "crd_number": 155486,
  "slug": "libremax-capital-llc-new-york-ny-155486",
  "primary_business_name": "LIBREMAX CAPITAL, LLC",
  "legal_name": "LIBREMAX CAPITAL, LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-03-09",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-03-17",
  "carried_forward": false,
  "raum_total": 13870553000.0,
  "raum_discretionary": 13762192000.0,
  "raum_non_discretionary": 108361000.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 74,
  "advisory_employees": 44,
  "client_count_bucket": null,
  "clients_by_type": {
    "state_municipal": {
      "raum": 330000000.0,
      "count": 1
    },
    "other_investment_advisers": {
      "raum": 141676000.0,
      "count": 1
    },
    "pooled_investment_vehicles": {
      "raum": 13398877000.0,
      "count": 55
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://libremax.com",
    "https://linkedin.com/company/libremax-capital-llc/mycompany"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155486",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/libremax-capital-llc-new-york-ny-155486",
  "display_name": "Libremax Capital, LLC",
  "summary": "Libremax Capital, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 17, 2026.",
  "citation": "AdvisorCensus. Libremax Capital, LLC (CRD 155486): 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"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Libremax Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Libremax Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Libremax Capital, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 17, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Libremax Capital, LLC located?",
      "a": "Libremax Capital, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Libremax Capital, LLC registered with the SEC or a state?",
      "a": "Libremax Capital, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 155486."
    },
    {
      "q": "How much does Libremax Capital, LLC manage?",
      "a": "Libremax Capital, LLC reports $13,870,553,000 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (99% discretionary)."
    },
    {
      "q": "How have Libremax Capital, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Libremax Capital, LLC: Regulatory assets under management: $13,281,961,866 in the October 2021 data and $13,870,553,000 in the October 2026 data, up 4%. Total employees: 48 in October 2021 and 74 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Libremax Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (55); state or municipal government entities (including government pension plans) (1); other investment advisers (1)."
    },
    {
      "q": "Which custodians does Libremax Capital, LLC use?",
      "a": "Libremax Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Libremax Capital, 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/155486"
    },
    {
      "q": "What changed in Libremax Capital, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 43 to 44."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 13281961866.0,
      "total_employees": 48,
      "filing_date": "2021-08-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 9046711672.0,
      "total_employees": 51,
      "filing_date": "2022-06-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 9951879683.0,
      "total_employees": 54,
      "filing_date": "2023-08-09"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 11382292000.0,
      "total_employees": 61,
      "filing_date": "2024-08-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 13544855000.0,
      "total_employees": 68,
      "filing_date": "2025-04-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 13870553000.0,
      "total_employees": 74,
      "filing_date": "2026-03-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 43 to 44."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 17, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "The Adviser charges each client an investment management fee based on the value of the client’s assets under management (as an annual percentage of assets) of up to 2.0%."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 2.0,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The Adviser charges each client an investment management fee based on the value of the client’s assets under management (as an annual percentage of assets) of up to 2.0%."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "J.P. Morgan Securities LLC",
      "name_as_filed": "J.P. MORGAN SECURITIES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/libremax-capital-llc-new-york-ny-155486.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 55,
      "fewer_than_5": false,
      "raum": 13398877000.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 330000000.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 1,
      "fewer_than_5": false,
      "raum": 141676000.0
    }
  ],
  "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/155486",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}