# Pear Tree Advisors, Inc.

> Pear Tree Advisors, Inc. is an SEC-registered investment advisory firm in Lincoln, MA, registered since 1983, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 28, 2026.

- CRD: 104576
- Filed as: PEAR TREE ADVISORS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lincoln, MA
- Filing period: October 2026
- Form ADV filing dated: September 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104576
- AdvisorCensus page: https://advisorcensus.com/firm/pear-tree-advisors-inc-lincoln-ma-104576

## Quick answers

**How is Pear Tree Advisors, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Pear Tree Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Pear Tree Advisors, Inc. located?**
Pear Tree Advisors, Inc.'s principal office is in Lincoln, MA, according to its Form ADV.

**Is Pear Tree Advisors, Inc. registered with the SEC or a state?**
Pear Tree Advisors, Inc. is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 104576.

**How much does Pear Tree Advisors, Inc. manage?**
Pear Tree Advisors, Inc. reports $2,584,388,474 in regulatory assets under management in its Form ADV filing dated September 28, 2026 (100% discretionary).

**How have Pear Tree Advisors, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Pear Tree Advisors, Inc.: Regulatory assets under management: $5,820,047,680 in the October 2021 data and $2,584,388,474 in the October 2026 data, down 56%. Total employees: 12 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pear Tree Advisors, Inc. serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Pear Tree Advisors, Inc. report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). 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/104576

**What changed in Pear Tree Advisors, Inc.'s recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $3,089,429,330 to $2,584,388,474 (-16%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $2,584,388,474
- Discretionary: $2,584,388,474
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $2,584,388,474 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1983 (43 years)
- Employees: 12 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104576

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,820,047,680 | 12 | September 9, 2021 |
| October 2022 | $4,949,004,433 | 12 | September 12, 2022 |
| October 2023 | $4,748,822,712 | 10 | August 3, 2023 |
| October 2024 | $4,521,591,718 | 12 | September 24, 2024 |
| October 2025 | $4,521,591,718 | 12 | March 3, 2025 |
| October 2026 | $2,584,388,474 | 12 | September 28, 2026 |

Regulatory assets under management: $5,820,047,680 in the October 2021 data and $2,584,388,474 in the October 2026 data, down 56%.
Total employees: 12 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $3,089,429,330 to $2,584,388,474 (-16%).

### December 2025
- Regulatory assets under management went from $4,521,591,718 to $3,089,429,330 (-32%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pear Tree Advisors, Inc. (CRD 104576): Form ADV filing data as of October 2026.