AdvisorCensus / Financial advisors / Longboard Asset Management
Longboard Asset Management
Filed as LONGBOARD ASSET MANAGEMENT · Legal name Longboard Asset Management, LP
Longboard Asset Management is an SEC-registered investment advisory firm, registered since 2011, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 24, 2026.
Quick answers
From the filingHow is Longboard Asset Management compensated?
On its Form ADV (Item 5.E, October 2026), Longboard Asset Management reports these compensation arrangements: a percentage of assets under its management.
How much does Longboard Asset Management charge?
Its Form ADV Part 2A brochure dated April 24, 2026 states: Flat fee: $25,000 a year (advisory fee for certain clients with complex financial…). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Is Longboard Asset Management registered with the SEC or a state?
Longboard Asset Management is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 155617.
How much does Longboard Asset Management manage?
Longboard Asset Management reports $103,758,609 in regulatory assets under management in its Form ADV filing dated April 24, 2026 (100% discretionary).
How have Longboard Asset Management's assets and staff changed since 2021?
In the Form ADV data for Longboard Asset Management: Regulatory assets under management: $87,178,927 in the October 2021 data and $103,758,609 in the October 2026 data, up 19%. Total employees: 10 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Longboard Asset Management serve?
By number of clients on Form ADV Item 5.D: investment companies (1).
Does Longboard Asset Management report any disciplinary disclosures?
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/155617
What changed in Longboard Asset Management's recent Form ADV filings?
In the April 2026 filing data: Added the business name Longboard Wealth Management.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Minimum annual fee: $15,000
The brochure's wording
The Firm maintains a $15,000 minimum annual advisory fee. Accounts that do not generate at least the $15,000 annually under the asset-based fee schedule will be charged the minimum fee. This minimum fee may be waived at the Firm’s discretion.
Flat fee: $25,000 a year (advisory fee for certain clients with complex financial…)
The brochure's wording
For certain clients with complex financial circumstances, including multi-entity structures, alternative investments, or significant advisory demands, the Firm may charge a flat annual advisory fee starting at $25,000.
As stated in the firm's Form ADV Part 2A brochure dated April 24, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$103,758,609 as of October 2026, filing dated April 24, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
Registration and firm details
Items 1, 2, 5- Legal name
- Longboard Asset Management, LP
- Also doing business as
- LONGBOARD WEALTH MANAGEMENT
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2011 (15 years)
- Employees
- Total: 9. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $103,758,609 | 9 | April 24, 2026 |
| October 2025 | $141,690,876 | 10 | March 29, 2025 |
| October 2024 | $116,242,512 | 10 | March 29, 2024 |
| October 2023 | $137,092,690 | 12 | May 23, 2023 |
| October 2022 | $142,733,933 | 10 | March 30, 2022 |
| October 2021 | $87,178,927 | 10 | March 30, 2021 |
Regulatory assets under management: $87,178,927 in the October 2021 data and $103,758,609 in the October 2026 data, up 19%.
Total employees: 10 in October 2021 and 9 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Added the business name Longboard Wealth Management.
- February 2026
- Employees performing advisory functions went from 6 to 5.
- Regulatory assets under management went from $141,690,876 to $103,758,609 (-27%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Longboard Asset Management (CRD 155617): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/longboard-asset-management-155617