# M.D. Sass, LLC

> 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.

- CRD: 110590
- Filed as: M.D. SASS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110590
- AdvisorCensus page: https://advisorcensus.com/firm/m-d-sass-llc-new-york-ny-110590

## Quick answers

**How is M.D. Sass, LLC compensated?**
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.

**Where is M.D. Sass, LLC located?**
M.D. Sass, LLC's principal office is in New York, NY, according to its Form ADV.

**Is M.D. Sass, LLC registered with the SEC or a state?**
M.D. Sass, LLC is an SEC-registered investment advisory firm, registered since 1972. Status as filed: Approved. CRD 110590.

**How much does M.D. Sass, LLC manage?**
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).

**How have M.D. Sass, LLC's assets and staff changed since 2021?**
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.

**What types of clients does M.D. Sass, LLC serve?**
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).

**Which custodians does M.D. Sass, LLC use?**
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.

**Does M.D. Sass, LLC 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/110590

**What changed in M.D. Sass, LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Northern Trust Company
- State Street Bank

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,063,871,233
- Discretionary: $2,063,871,233
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 44 | $369,894,782 |
| Investment companies | 2 | $54,539,376 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $242,937,118 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 20 | $1,044,668,578 |
| Charitable organizations | 4 | $79,791,836 |
| Other investment advisers | 1 | $75,324,910 |
| Corporations or other businesses not listed above | 7 | $179,493,537 |
| Other | 2 | $17,221,096 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1972 (54 years)
- Employees: 19 total, 10 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: MI, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mdsass.com
- LinkedIn @md-sass

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,541,994,501 | 19 | March 30, 2021 |
| October 2022 | $3,153,777,220 | 20 | September 13, 2022 |
| October 2023 | $3,285,242,226 | 19 | March 31, 2023 |
| October 2024 | $4,480,401,537 | 20 | March 28, 2024 |
| October 2025 | $2,169,635,374 | 18 | March 31, 2025 |
| October 2026 | $2,063,871,233 | 19 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 9 to 10.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. M.D. Sass, LLC (CRD 110590): Form ADV filing data as of October 2026.