{ "crd_number": 106054, "slug": "matthews-international-capital-management-llc-san-francisco-ca-106054", "primary_business_name": "MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT, LLC", "legal_name": "MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT, LLC", "dbas": [ "MATTHEWS", "MATTHEWS ASIA" ], "city": "San Francisco", "state": "CA", "country": "United States", "cbsa_code": "41860", "metro": { "cbsa_code": "41860", "common_name": "San Francisco", "msa_name": "San Francisco-Oakland-Fremont, CA", "path": "/advisors/ca/san-francisco" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1996-10-04", "years_registered": 29, "period": "2026-10-01", "filing_date": "2026-07-29", "carried_forward": false, "raum_total": 6634291608.0, "raum_discretionary": 6634291608.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 83, "advisory_employees": 22, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 5103564794.0, "count": 24 }, "pooled_investment_vehicles": { "raum": 1530726814.0, "count": 14 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA" ], "websites": [ "https://linkedin.com/COMPANY/MATTHEWS-ASIA", "https://matthewsasia.com", "https://x.com/matthewsasia", "https://youtube.com/@matthewsasia5745" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106054", "city_as_filed": "SAN FRANCISCO", "url": "https://advisorcensus.com/firm/matthews-international-capital-management-llc-san-francisco-ca-106054", "display_name": "Matthews International Capital Management, LLC", "summary": "Matthews International Capital Management, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 1996, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 29, 2026.", "citation": "AdvisorCensus. Matthews International Capital Management, LLC (CRD 106054): 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": [ "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 Matthews International Capital Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Matthews International Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Matthews International Capital Management, LLC located?", "a": "Matthews International Capital Management, LLC's principal office is in San Francisco, CA, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is Matthews International Capital Management, LLC registered with the SEC or a state?", "a": "Matthews International Capital Management, LLC is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 106054." }, { "q": "How much does Matthews International Capital Management, LLC manage?", "a": "Matthews International Capital Management, LLC reports $6,634,291,608 in regulatory assets under management in its Form ADV filing dated July 29, 2026 (100% discretionary)." }, { "q": "How have Matthews International Capital Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Matthews International Capital Management, LLC: Regulatory assets under management: $28,444,564,918 in the October 2021 data and $6,634,291,608 in the October 2026 data, down 77%. Total employees: 164 in October 2021 and 83 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Matthews International Capital Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (24); pooled investment vehicles (other than investment companies and business development companies) (14)." }, { "q": "Does Matthews International Capital Management, 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/106054" }, { "q": "What changed in Matthews International Capital Management, LLC's recent Form ADV filings?", "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 28444564918.0, "total_employees": 164, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 25187766199.0, "total_employees": 153, "filing_date": "2022-07-07" }, { "period": "2023-10-01", "regulatory_assets_under_management": 12965941255.0, "total_employees": 153, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 9316020320.0, "total_employees": 123, "filing_date": "2024-05-20" }, { "period": "2025-10-01", "regulatory_assets_under_management": 6868808553.0, "total_employees": 104, "filing_date": "2025-05-07" }, { "period": "2026-10-01", "regulatory_assets_under_management": 6634291608.0, "total_employees": 83, "filing_date": "2026-07-29" } ], "recent_changes": [ { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 30 to 22.", "Added an office in London.", "No longer lists an office in Jersey City, NJ." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/matthews-international-capital-management-llc-san-francisco-ca-106054.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 24, "fewer_than_5": false, "raum": 5103564794.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 14, "fewer_than_5": false, "raum": 1530726814.0 } ], "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/106054", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }