# Perceptive Advisors

> Perceptive Advisors is an SEC-registered investment advisory firm in New York, NY, registered since 2010, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 13, 2026.

- CRD: 154703
- Filed as: PERCEPTIVE ADVISORS
- Legal name: Perceptive Advisors LLC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/154703
- AdvisorCensus page: https://advisorcensus.com/firm/perceptive-advisors-new-york-ny-154703

## Quick answers

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

**Where is Perceptive Advisors located?**
Perceptive Advisors' principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Perceptive Advisors registered with the SEC or a state?**
Perceptive Advisors is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 154703.

**How much does Perceptive Advisors manage?**
Perceptive Advisors reports $11,765,315,630 in regulatory assets under management in its Form ADV filing dated July 13, 2026 (100% discretionary).

**How have Perceptive Advisors' assets and staff changed since 2021?**
In the Form ADV data for Perceptive Advisors: Regulatory assets under management: $13,490,322,000 in the October 2021 data and $11,765,315,630 in the October 2026 data, down 13%. Total employees: 29 in October 2021 and 49 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Perceptive Advisors serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (25); other (1).

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

**Does Perceptive Advisors report any disciplinary disclosures?**
Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 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/154703

**What changed in Perceptive Advisors' recent Form ADV filings?**
In the August 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
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BofA Securities, 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: $11,765,315,630
- Discretionary: $11,765,315,630
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 25 | $11,655,707,855 |
| Other | 1 | $109,607,775 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2010 (15 years)
- Employees: 49 total, 28 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, FL, NY, WY
- Disclosures (Item 11): Reports 5 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 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/154703

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Greenwich, CT
- Miami Beach, FL
- Sheridan, WY
- Water Mill, NY

### Websites listed on Form ADV (Item 1.I)
- [perceptivelife.com](https://perceptivelife.com)
- LinkedIn @PERCEPTIVE-ADVISORS-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,490,322,000 | 29 | May 20, 2021 |
| October 2022 | $10,357,828,753 | 38 | September 13, 2022 |
| October 2023 | $9,508,525,129 | 39 | March 30, 2023 |
| October 2024 | $9,715,749,804 | 46 | August 8, 2024 |
| October 2025 | $8,459,663,000 | 45 | April 23, 2025 |
| October 2026 | $11,765,315,630 | 49 | July 13, 2026 |

Regulatory assets under management: $13,490,322,000 in the October 2021 data and $11,765,315,630 in the October 2026 data, down 13%.
Total employees: 29 in October 2021 and 49 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Regulatory assets under management went from $8,459,663,000 to $11,765,315,630 (+39%).
- Changed its office addresses in Sheridan, WY.
- Added an office in Miami Beach, FL.
- Registered or notice-filed in FL.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Perceptive Advisors (CRD 154703): Form ADV filing data as of October 2026.