# Orchard Advisors

> Orchard Advisors is an SEC-registered investment advisory firm, registered since 2020, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated August 25, 2026.

- CRD: 284061
- Filed as: ORCHARD ADVISORS
- Legal name: Orchard Advisors LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: August 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284061
- AdvisorCensus page: https://advisorcensus.com/firm/orchard-advisors-284061

## Quick answers

**How is Orchard Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Orchard Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is Orchard Advisors registered with the SEC or a state?**
Orchard Advisors is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 284061.

**How much does Orchard Advisors manage?**
Orchard Advisors reports $89,217,268 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (74% discretionary).

**How have Orchard Advisors' assets and staff changed since 2021?**
In the Form ADV data for Orchard Advisors: Regulatory assets under management: $36,354,114 in the October 2021 data and $89,217,268 in the October 2026 data, up 145%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Orchard Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (273); high net worth individuals (8).

**Which custodians does Orchard Advisors use?**
Orchard Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Orchard Advisors 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/284061

**What changed in Orchard Advisors' recent Form ADV filings?**
In the September 2026 filing data: Employees performing advisory functions went from 4 to 3.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers LLC

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: $89,217,268
- Discretionary: $65,785,599
- Non-discretionary: $23,431,669

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 273 | $65,421,743 |
| High net worth individuals | 8 | $23,126,662 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | Fewer than 5 | $668,863 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2020 (5 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, MA, MI, NC, NY, PA, UT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $36,354,114 | 2 | March 29, 2021 |
| October 2022 | $69,502,501 | 2 | August 1, 2022 |
| October 2023 | $60,613,495 | 2 | March 28, 2023 |
| October 2024 | $70,275,671 | 2 | March 27, 2024 |
| October 2025 | $74,133,815 | 5 | March 31, 2025 |
| October 2026 | $89,217,268 | 3 | August 25, 2026 |

Regulatory assets under management: $36,354,114 in the October 2021 data and $89,217,268 in the October 2026 data, up 145%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Employees performing advisory functions went from 4 to 3.

### April 2026
- Employees performing advisory functions went from 5 to 4.
- Regulatory assets under management went from $74,133,815 to $89,217,268 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Orchard Advisors (CRD 284061): Form ADV filing data as of October 2026.