{
  "crd_number": 327750,
  "slug": "orchid-advisory-dallas-tx-327750",
  "primary_business_name": "ORCHID ADVISORY",
  "legal_name": "ORCHID ADVISORY, LLC",
  "dbas": [],
  "city": "Dallas",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "19100",
  "metro": {
    "cbsa_code": "19100",
    "common_name": "Dallas",
    "msa_name": "Dallas-Fort Worth-Arlington, TX",
    "path": "/advisors/tx/dallas"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-09-19",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-06-30",
  "carried_forward": false,
  "raum_total": 295658752.0,
  "raum_discretionary": 104952120.0,
  "raum_non_discretionary": 190706632.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "high_net_worth_individuals": {
      "raum": 295658752.0,
      "count": 15
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327750",
  "city_as_filed": "DALLAS",
  "url": "https://advisorcensus.com/firm/orchid-advisory-dallas-tx-327750",
  "display_name": "Orchid Advisory",
  "summary": "Orchid Advisory is an SEC-registered investment advisory firm in Dallas, TX, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 30, 2026.",
  "citation": "AdvisorCensus. Orchid Advisory (CRD 327750): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Orchid Advisory compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Orchid Advisory reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Orchid Advisory charge?",
      "a": "Its Form ADV Part 2A brochure dated February 5, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states); Hourly rate: $300 an hour (BILL PAY SERVICES ONLY). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Orchid Advisory located?",
      "a": "Orchid Advisory's principal office is in Dallas, TX, according to its Form ADV."
    },
    {
      "q": "Is Orchid Advisory registered with the SEC or a state?",
      "a": "Orchid Advisory is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 327750."
    },
    {
      "q": "How much does Orchid Advisory manage?",
      "a": "Orchid Advisory reports $295,658,752 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (35% discretionary)."
    },
    {
      "q": "How have Orchid Advisory's assets and staff changed since 2023?",
      "a": "In the Form ADV data for Orchid Advisory: Regulatory assets under management: $0 in the October 2023 data and $295,658,752 in the October 2026 data. Total employees: 1 in October 2023 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Orchid Advisory serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (15)."
    },
    {
      "q": "Which custodians does Orchid Advisory use?",
      "a": "Orchid Advisory's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Orchid Advisory 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/327750"
    },
    {
      "q": "Does Orchid Advisory state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 5, 2026 says: \"There is no minimum account size and Clients are not required to have a certain amount of investment experience or sophistication.\""
    },
    {
      "q": "What changed in Orchid Advisory's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $266,248,728 to $295,658,752 (+11%)."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 1,
      "filing_date": "2023-10-02"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 124700000.0,
      "total_employees": 1,
      "filing_date": "2024-01-17"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 266248728.0,
      "total_employees": 6,
      "filing_date": "2025-07-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 295658752.0,
      "total_employees": 4,
      "filing_date": "2026-06-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $266,248,728 to $295,658,752 (+11%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 5, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1% of assets a year",
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $300 an hour (BILL PAY SERVICES ONLY)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Orchid charges an annual investment advisory fee based on the total assets under management and will not to exceed 1.00%. The specific fee will be agreed upon in the Advisory Agreement."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is  no minimum account size and Clients are not required to have a certain amount of investment experience or sophistication."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 an hour (BILL PAY SERVICES ONLY)"
        ],
        "quotes": [
          "Orchid charges an hourly fee not to exceed $300 per hour. Fees are billed monthly in arrears."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 1.0,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "BILL PAY SERVICES ONLY"
        }
      ]
    },
    "quotes": [
      "Orchid charges an annual investment advisory fee based on the total assets under management and will not to exceed 1.00%. The specific fee will be agreed upon in the Advisory Agreement.",
      "There is  no minimum account size and Clients are not required to have a certain amount of investment experience or sophistication.",
      "Orchid charges an hourly fee not to exceed $300 per hour. Fees are billed monthly in arrears."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/orchid-advisory-dallas-tx-327750.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 15,
      "fewer_than_5": false,
      "raum": 295658752.0
    }
  ],
  "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/327750",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}