{
  "crd_number": 155617,
  "slug": "longboard-asset-management-155617",
  "primary_business_name": "LONGBOARD ASSET MANAGEMENT",
  "legal_name": "LONGBOARD ASSET MANAGEMENT, LP",
  "dbas": [
    "LONGBOARD WEALTH MANAGEMENT"
  ],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-07-28",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-04-24",
  "carried_forward": false,
  "raum_total": 103758609.0,
  "raum_discretionary": 103758609.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 9,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 103758609.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "FL"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/LONGBOARD-ASSET-MANAGEMENT",
    "https://longboardfunds.com",
    "https://longboardwealth.ai",
    "https://x.com/LONGBOARDFUNDS",
    "https://youtube.com/@Longboardwealth"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155617",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/longboard-asset-management-155617",
  "display_name": "Longboard Asset Management",
  "summary": "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.",
  "citation": "AdvisorCensus. Longboard Asset Management (CRD 155617): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Longboard Asset Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Longboard Asset Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Longboard Asset Management charge?",
      "a": "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 circumstances). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Longboard Asset Management registered with the SEC or a state?",
      "a": "Longboard Asset Management is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 155617."
    },
    {
      "q": "How much does Longboard Asset Management manage?",
      "a": "Longboard Asset Management reports $103,758,609 in regulatory assets under management in its Form ADV filing dated April 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have Longboard Asset Management's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Longboard Asset Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1)."
    },
    {
      "q": "Does Longboard Asset Management 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/155617"
    },
    {
      "q": "What changed in Longboard Asset Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Added the business name Longboard Wealth Management."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 87178927.0,
      "total_employees": 10,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 142733933.0,
      "total_employees": 10,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 137092690.0,
      "total_employees": 12,
      "filing_date": "2023-05-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 116242512.0,
      "total_employees": 10,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 141690876.0,
      "total_employees": 10,
      "filing_date": "2025-03-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 103758609.0,
      "total_employees": 9,
      "filing_date": "2026-04-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added the business name Longboard Wealth Management."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 5.",
        "Regulatory assets under management went from $141,690,876 to $103,758,609 (-27%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 24, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$15,000",
    "planning_fees": [
      "Flat fee: $25,000 a year (advisory fee for certain clients with complex financial circumstances)"
    ],
    "figures": [
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $15,000"
        ],
        "quotes": [
          "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."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $25,000 a year (advisory fee for certain clients with complex financial circumstances)"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": 15000.0,
      "planning": [
        {
          "kind": "flat",
          "amount": 25000.0,
          "min": null,
          "max": null,
          "period": "annual",
          "service": "advisory fee for certain clients with complex financial circumstances"
        }
      ]
    },
    "quotes": [
      "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.",
      "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."
    ],
    "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/longboard-asset-management-155617.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 103758609.0
    }
  ],
  "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/155617",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}