# Perennial

> Perennial is an SEC-registered investment advisory firm in New York, NY, registered since 2013, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 2, 2026.

- CRD: 168859
- Filed as: PERENNIAL
- Legal name: Perennial Advisors, LLC
- Also doing business as: PERENNIAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168859
- AdvisorCensus page: https://advisorcensus.com/firm/perennial-new-york-ny-168859

## Quick answers

**How is Perennial compensated?**
On its Form ADV (Item 5.E, October 2026), Perennial reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Perennial located?**
Perennial's principal office is in New York, NY, according to its Form ADV.

**Is Perennial registered with the SEC or a state?**
Perennial is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 168859.

**How much does Perennial manage?**
Perennial reports $761,920,885 in regulatory assets under management in its Form ADV filing dated March 2, 2026 (99% discretionary).

**How have Perennial's assets and staff changed since 2021?**
In the Form ADV data for Perennial: Regulatory assets under management: $394,451,772 in the October 2021 data and $761,920,885 in the October 2026 data, up 93%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Perennial serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (111); individuals (other than high net worth individuals) (6); charitable organizations (3).

**Which custodians does Perennial use?**
Perennial'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 Perennial 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/168859

**What changed in Perennial's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $666,527,389 to $761,920,885 (+14%).

## From the Form ADV filing

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

### 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: $761,920,885
- Discretionary: $757,026,199
- Non-discretionary: $4,894,686

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 6 | $1,942,042 |
| High net worth individuals | 111 | $739,453,947 |
| Charitable organizations | 3 | $8,770,485 |
| Corporations or other businesses not listed above | 3 | $11,754,411 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2013 (13 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, NJ, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- perennial.com
- LinkedIn @10144223

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $394,451,772 | 5 | March 4, 2021 |
| October 2022 | $490,495,999 | 5 | March 31, 2022 |
| October 2023 | $455,942,196 | 4 | March 22, 2023 |
| October 2024 | $591,716,089 | 5 | March 5, 2024 |
| October 2025 | $666,527,389 | 5 | February 13, 2025 |
| October 2026 | $761,920,885 | 5 | March 2, 2026 |

Regulatory assets under management: $394,451,772 in the October 2021 data and $761,920,885 in the October 2026 data, up 93%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $666,527,389 to $761,920,885 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Perennial (CRD 168859): Form ADV filing data as of October 2026.