{ "crd_number": 162296, "slug": "mangrove-partners-greenwich-ct-162296", "primary_business_name": "MANGROVE PARTNERS", "legal_name": "MANGROVE PARTNERS IM, LLC", "dbas": [], "city": "Greenwich", "state": "CT", "country": "United States", "cbsa_code": "14860", "metro": { "cbsa_code": "14860", "common_name": "Bridgeport", "msa_name": "Bridgeport-Stamford-Danbury, CT", "path": "/advisors/ct/bridgeport" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2013-05-20", "years_registered": 13, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 2705898893.0, "raum_discretionary": 2705898893.0, "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": { "insurance_companies": { "raum": 29038906.0, "count": null, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 2676859987.0, "count": 3 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "CT", "FL" ], "websites": [ "https://mangrovepartners.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/162296", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "GREENWICH", "url": "https://advisorcensus.com/firm/mangrove-partners-greenwich-ct-162296", "display_name": "Mangrove Partners", "summary": "Mangrove Partners is an SEC-registered investment advisory firm in Greenwich, CT, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Mangrove Partners (CRD 162296): 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 pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Mangrove Partners compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Mangrove Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "What does Mangrove Partners' brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Mangrove Partners located?", "a": "Mangrove Partners' principal office is in Greenwich, CT, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Mangrove Partners registered with the SEC or a state?", "a": "Mangrove Partners is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 162296." }, { "q": "How much does Mangrove Partners manage?", "a": "Mangrove Partners reports $2,705,898,893 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Mangrove Partners' assets and staff changed since 2021?", "a": "In the Form ADV data for Mangrove Partners: Regulatory assets under management: $1,540,608,474 in the October 2021 data and $2,705,898,893 in the October 2026 data, up 76%. Total employees: 12 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 Mangrove Partners serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3)." }, { "q": "Which custodians does Mangrove Partners use?", "a": "Mangrove Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists HSBC Private Banking as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Mangrove Partners report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/162296" }, { "q": "What changed in Mangrove Partners' recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $2,075,413,593 to $2,705,898,893 (+30%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1540608474.0, "total_employees": 12, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1961372584.0, "total_employees": 14, "filing_date": "2022-06-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2037638184.0, "total_employees": 14, "filing_date": "2023-09-22" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2447494952.0, "total_employees": 16, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2075413593.0, "total_employees": 19, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2705898893.0, "total_employees": 19, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $2,075,413,593 to $2,705,898,893 (+30%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "tiers": [], "flat_rate": "2% of assets a year", "stated_range": null, "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 2% of assets a year" ], "quotes": [ "The Adviser receives fees for its advisory services based on a percentage (generally, approximately 2% annually) of assets under management." ] } ], "quotes": [ "The Adviser receives fees for its advisory services based on a percentage (generally, approximately 2% annually) of assets under management." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "HSBC Private Banking", "name_as_filed": "HSBC PRIVATE BANKING", "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/mangrove-partners-greenwich-ct-162296.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 3, "fewer_than_5": false, "raum": 2676859987.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": null, "fewer_than_5": true, "raum": 29038906.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "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/162296", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }