# Longboard Asset Management

> 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.

- CRD: 155617
- Filed as: LONGBOARD ASSET MANAGEMENT
- Legal name: Longboard Asset Management, LP
- Also doing business as: LONGBOARD WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: April 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155617
- AdvisorCensus page: https://advisorcensus.com/firm/longboard-asset-management-155617

## Quick answers

**How 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 circumstances). 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

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

### Fees and minimums (Form ADV Part 2A brochure dated April 24, 2026)

- Minimum annual fee: $15,000

> 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 circumstances)

> 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 brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $103,758,609
- Discretionary: $103,758,609
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $103,758,609 |

### 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)

### Firm details
- Registered since: 2011 (15 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- longboardfunds.com
- longboardwealth.ai
- LinkedIn @LONGBOARD-ASSET-MANAGEMENT
- X @LONGBOARDFUNDS
- YouTube @Longboardwealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $87,178,927 | 10 | March 30, 2021 |
| October 2022 | $142,733,933 | 10 | March 30, 2022 |
| October 2023 | $137,092,690 | 12 | May 23, 2023 |
| October 2024 | $116,242,512 | 10 | March 29, 2024 |
| October 2025 | $141,690,876 | 10 | March 29, 2025 |
| October 2026 | $103,758,609 | 9 | April 24, 2026 |

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.

## 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Longboard Asset Management (CRD 155617): Form ADV filing data as of October 2026.