{
  "crd_number": 110590,
  "slug": "m-d-sass-llc-new-york-ny-110590",
  "primary_business_name": "M.D. SASS, LLC",
  "legal_name": "M.D. SASS, 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": "1972-06-01",
  "years_registered": 54,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 2063871233.0,
  "raum_discretionary": 2063871233.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 19,
  "advisory_employees": 10,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 17221096.0,
      "count": 2,
      "description": "ENDOWMENT",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 79791836.0,
      "count": 4
    },
    "investment_companies": {
      "raum": 54539376.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": 1044668578.0,
      "count": 20
    },
    "other_investment_advisers": {
      "raum": 75324910.0,
      "count": 1,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 369894782.0,
      "count": 44
    },
    "pooled_investment_vehicles": {
      "raum": 242937118.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 179493537.0,
      "count": 7
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MI",
    "NY",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/md-sass",
    "https://mdsass.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110590",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/m-d-sass-llc-new-york-ny-110590",
  "display_name": "M.D. Sass, LLC",
  "summary": "M.D. Sass, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1972, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. M.D. Sass, LLC (CRD 110590): 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 individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is M.D. Sass, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), M.D. Sass, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is M.D. Sass, LLC located?",
      "a": "M.D. Sass, LLC's principal office is in New York, NY, according to its Form ADV."
    },
    {
      "q": "Is M.D. Sass, LLC registered with the SEC or a state?",
      "a": "M.D. Sass, LLC is an SEC-registered investment advisory firm, registered since 1972. Status as filed: Approved. CRD 110590."
    },
    {
      "q": "How much does M.D. Sass, LLC manage?",
      "a": "M.D. Sass, LLC reports $2,063,871,233 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have M.D. Sass, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for M.D. Sass, LLC: Regulatory assets under management: $1,541,994,501 in the October 2021 data and $2,063,871,233 in the October 2026 data, up 34%. Total employees: 19 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does M.D. Sass, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (44); pension and profit sharing plans (but not the plan participants or government pension plans) (20); corporations or other businesses not listed above (7)."
    },
    {
      "q": "Which custodians does M.D. Sass, LLC use?",
      "a": "M.D. Sass, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust Company and State Street Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does M.D. Sass, 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/110590"
    },
    {
      "q": "What changed in M.D. Sass, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 9 to 10. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1541994501.0,
      "total_employees": 19,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3153777220.0,
      "total_employees": 20,
      "filing_date": "2022-09-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3285242226.0,
      "total_employees": 19,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 4480401537.0,
      "total_employees": 20,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2169635374.0,
      "total_employees": 18,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2063871233.0,
      "total_employees": 19,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 9 to 10.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Northern Trust Company",
      "name_as_filed": "NORTHERN TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "State Street Bank",
      "name_as_filed": "STATE STREET BANK",
      "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/m-d-sass-llc-new-york-ny-110590.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 44,
      "fewer_than_5": false,
      "raum": 369894782.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 54539376.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 242937118.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 20,
      "fewer_than_5": false,
      "raum": 1044668578.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 4,
      "fewer_than_5": false,
      "raum": 79791836.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 1,
      "fewer_than_5": true,
      "raum": 75324910.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 7,
      "fewer_than_5": false,
      "raum": 179493537.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 2,
      "fewer_than_5": true,
      "raum": 17221096.0
    }
  ],
  "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/110590",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}