{
  "crd_number": 297781,
  "slug": "ns-management-ltd-devonshire-devonshire-297781",
  "primary_business_name": "NS MANAGEMENT LTD",
  "legal_name": "NS MANAGEMENT LTD",
  "dbas": [],
  "city": "Devonshire, Devonshire",
  "state": null,
  "country": "Bermuda",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2018-08-08",
  "years_registered": 8,
  "period": "2026-10-01",
  "filing_date": "2026-06-17",
  "carried_forward": false,
  "raum_total": 850270592.0,
  "raum_discretionary": 850270592.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 2,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 161229270.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 26178894.0,
      "count": 7
    },
    "corporations_other_businesses": {
      "raum": 216814772.0,
      "count": 7
    },
    "sovereign_wealth_foreign_official": {
      "raum": 446047656.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [],
  "websites": [
    "https://nsmb.bm"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/297781",
  "disclosure_items": [
    {
      "item": "11.H(2)",
      "question": "Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?"
    }
  ],
  "city_as_filed": "DEVONSHIRE, DEVONSHIRE",
  "url": "https://advisorcensus.com/firm/ns-management-ltd-devonshire-devonshire-297781",
  "display_name": "NS Management Ltd",
  "summary": "NS Management Ltd is an SEC-registered investment advisory firm in Devonshire, Devonshire, Bermuda, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 17, 2026.",
  "citation": "AdvisorCensus. NS Management Ltd (CRD 297781): 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 pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is NS Management Ltd compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), NS Management Ltd reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is NS Management Ltd located?",
      "a": "NS Management Ltd's principal office is in Devonshire, Devonshire, Bermuda, according to its Form ADV."
    },
    {
      "q": "Is NS Management Ltd registered with the SEC or a state?",
      "a": "NS Management Ltd is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 297781."
    },
    {
      "q": "How much does NS Management Ltd manage?",
      "a": "NS Management Ltd reports $850,270,592 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (100% discretionary)."
    },
    {
      "q": "How have NS Management Ltd's assets and staff changed since 2021?",
      "a": "In the Form ADV data for NS Management Ltd: Regulatory assets under management: $772,562,714 in the October 2021 data and $850,270,592 in the October 2026 data, up 10%. Total employees: 3 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does NS Management Ltd serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (7); corporations or other businesses not listed above (7); individuals (other than high net worth individuals) (6)."
    },
    {
      "q": "Which custodians does NS Management Ltd use?",
      "a": "NS Management Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists HSBC Securities Services, Kleinwort Benson (Jersey) Ltd and Royal Bank of Canada (Channel Islands) Ltd as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does NS Management Ltd report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). 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/297781"
    },
    {
      "q": "Does NS Management Ltd state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 12, 2026 says: \"Generally, NSM seeks client relationships with a minimum of $1,000,000 of AUM. NSM may accept accounts below the minimum requirements, and will retain accounts that have dropped below the minimum requirement due to market fluctuation or investment performance.\""
    },
    {
      "q": "What changed in NS Management Ltd's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2))."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 772562714.0,
      "total_employees": 3,
      "filing_date": "2021-03-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 797997226.0,
      "total_employees": 3,
      "filing_date": "2022-03-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 729561965.0,
      "total_employees": 3,
      "filing_date": "2023-04-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 784743261.0,
      "total_employees": 2,
      "filing_date": "2024-03-13"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 845713472.0,
      "total_employees": 2,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 850270592.0,
      "total_employees": 2,
      "filing_date": "2026-06-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2))."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 12, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "None",
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000"
        ],
        "quotes": [
          "Generally, NSM seeks client relationships with a minimum of $1,000,000 of AUM. NSM may accept accounts below the minimum requirements, and will retain accounts that have dropped below the minimum requirement due to market fluctuation or investment performance."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: None"
        ],
        "quotes": [
          "There is no minimum annual fee per account. In all cases, NSM may waive, discount or negotiate fees at its discretion."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": 0.0,
      "planning": []
    },
    "quotes": [
      "Generally, NSM seeks client relationships with a minimum of $1,000,000 of AUM. NSM may accept accounts below the minimum requirements, and will retain accounts that have dropped below the minimum requirement due to market fluctuation or investment performance.",
      "There is no minimum annual fee per account. In all cases, NSM may waive, discount or negotiate fees at its discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "HSBC Securities Services",
      "name_as_filed": "HSBC SECURITIES SERVICES",
      "affiliated": false
    },
    {
      "name": "Kleinwort Benson (Jersey) Ltd",
      "name_as_filed": "KLEINWORT BENSON (JERSEY) LTD",
      "affiliated": false
    },
    {
      "name": "Royal Bank of Canada (Channel Islands) Ltd",
      "name_as_filed": "ROYAL BANK OF CANADA (CHANNEL ISLANDS) LTD",
      "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/ns-management-ltd-devonshire-devonshire-297781.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 161229270.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 7,
      "fewer_than_5": false,
      "raum": 26178894.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 446047656.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 7,
      "fewer_than_5": false,
      "raum": 216814772.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item 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/297781",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}