# Partners Capital Investment Group, LLP

> Partners Capital Investment Group, LLP is an SEC-registered investment advisory firm in Boston, MA, registered since 2002, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 13, 2026.

- CRD: 120663
- Filed as: PARTNERS CAPITAL INVESTMENT GROUP, LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: August 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/120663
- AdvisorCensus page: https://advisorcensus.com/firm/partners-capital-investment-group-llp-boston-ma-120663

## Quick answers

**How is Partners Capital Investment Group, LLP compensated?**
On its Form ADV (Item 5.E, October 2026), Partners Capital Investment Group, LLP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**How much does Partners Capital Investment Group, LLP charge?**
Its Form ADV Part 2A brochure dated April 28, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Partners Capital Investment Group, LLP located?**
Partners Capital Investment Group, LLP's principal office is in Boston, MA, according to its Form ADV; the September 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Partners Capital Investment Group, LLP registered with the SEC or a state?**
Partners Capital Investment Group, LLP is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120663.

**How much does Partners Capital Investment Group, LLP manage?**
Partners Capital Investment Group, LLP reports $50,507,169,290 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (62% discretionary).

**How have Partners Capital Investment Group, LLP's assets and staff changed since 2021?**
In the Form ADV data for Partners Capital Investment Group, LLP: Regulatory assets under management: $22,427,879,269 in the October 2021 data and $50,507,169,290 in the October 2026 data, up 125%. Total employees: 90 in October 2021 and 190 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Partners Capital Investment Group, LLP serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (521); charitable organizations (147); pooled investment vehicles (other than investment companies and business development companies) (123).

**Which custodians does Partners Capital Investment Group, LLP use?**
Partners Capital Investment Group, LLP'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.

**Does Partners Capital Investment Group, LLP 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/120663

**Does Partners Capital Investment Group, LLP state an account minimum?**
Its Form ADV Part 2A brochure dated April 28, 2026 says: "Partners Capital new client minimum account size is $100 million. We reserve the right to waive the minimum in certain circumstances."

**What changed in Partners Capital Investment Group, LLP's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated April 28, 2026)

- Asset-based fee: up to 1% of assets a year (the maximum the brochure states)

> In general, we charge an annual management fee that can range up to 1% per annum on time -weighted AUM, payable quarterly.

- Account minimum: $100,000,000 (the brochure says it may be waived or negotiated)

> Partners Capital new client minimum account size is $100 million. We reserve the right to waive the minimum in certain circumstances.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $50,507,169,290
- Discretionary: $31,415,782,709
- Non-discretionary: $19,091,386,581

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 521 | $6,211,033,752 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 2 | $112,103,950 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 123 | $19,790,862,694 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 90 | $2,280,161,318 |
| Charitable organizations | 147 | $21,033,098,146 |
| State or municipal government entities (including government pension plans) | 3 | $1,079,909,430 |
| 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 investment companies (and business development companies)

### Firm details
- Registered since: 2002 (24 years)
- Employees: 190 total, 102 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, MA, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Dallas, TX
- New York, NY
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- [partners-cap.com](https://partners-cap.com)
- LinkedIn @PARTNERS-CAPITAL-LLP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $22,427,879,269 | 90 | May 26, 2021 |
| October 2022 | $29,812,849,622 | 113 | August 26, 2022 |
| October 2023 | $30,275,298,757 | 139 | August 29, 2023 |
| October 2024 | $35,333,328,261 | 154 | August 27, 2024 |
| October 2025 | $41,480,618,620 | 163 | April 15, 2025 |
| October 2026 | $50,507,169,290 | 190 | August 13, 2026 |

Regulatory assets under management: $22,427,879,269 in the October 2021 data and $50,507,169,290 in the October 2026 data, up 125%.
Total employees: 90 in October 2021 and 190 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 85 to 102.
- Regulatory assets under management went from $41,480,618,620 to $50,507,169,290 (+22%).
- No longer lists an office in Central.
- No longer lists an office in Downtown.
- No longer lists an office in London.
- No longer lists an office in Paris.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Partners Capital Investment Group, LLP (CRD 120663): Form ADV filing data as of October 2026.