{
  "crd_number": 324381,
  "slug": "phoenix-merchant-partners-lp-rye-ny-324381",
  "primary_business_name": "PHOENIX MERCHANT PARTNERS, LP",
  "legal_name": "PHOENIX MERCHANT PARTNERS, LP",
  "dbas": [],
  "city": "Rye",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-09-01",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 2064771124.0,
  "raum_discretionary": 1020595200.0,
  "raum_non_discretionary": 1044175924.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 29,
  "advisory_employees": 12,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 1312568039.0,
      "count": 5,
      "description": "SEPARATELY MANAGED ACCOUNT"
    },
    "pooled_investment_vehicles": {
      "raum": 752203085.0,
      "count": 2
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/phoenix-merchant-partners/about",
    "https://phoenix-merchant.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324381",
  "city_as_filed": "RYE",
  "url": "https://advisorcensus.com/firm/phoenix-merchant-partners-lp-rye-ny-324381",
  "display_name": "Phoenix Merchant Partners, LP",
  "summary": "Phoenix Merchant Partners, LP is an SEC-registered investment advisory firm in Rye, NY, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Phoenix Merchant Partners, LP (CRD 324381): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Phoenix Merchant Partners, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Phoenix Merchant Partners, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Phoenix Merchant Partners, LP located?",
      "a": "Phoenix Merchant Partners, LP's principal office is in Rye, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Phoenix Merchant Partners, LP registered with the SEC or a state?",
      "a": "Phoenix Merchant Partners, LP is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324381."
    },
    {
      "q": "How much does Phoenix Merchant Partners, LP manage?",
      "a": "Phoenix Merchant Partners, LP reports $2,064,771,124 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (49% discretionary)."
    },
    {
      "q": "How have Phoenix Merchant Partners, LP's assets and staff changed since 2023?",
      "a": "In the Form ADV data for Phoenix Merchant Partners, LP: Regulatory assets under management: $997,395,860 in the October 2024 data and $2,064,771,124 in the October 2026 data, up 107%. Total employees: 9 in October 2023 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Phoenix Merchant Partners, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: other (5); pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Which custodians does Phoenix Merchant Partners, LP use?",
      "a": "Phoenix Merchant Partners, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pinnacle Bank and U.S. Bancorp Investments, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Phoenix Merchant Partners, LP 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/324381"
    },
    {
      "q": "What changed in Phoenix Merchant Partners, LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $1,610,735,191 to $2,064,771,124 (+28%). Added an office in Dallas, TX."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 9,
      "filing_date": "2023-08-02"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 997395860.0,
      "total_employees": 17,
      "filing_date": "2024-08-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1610735191.0,
      "total_employees": 24,
      "filing_date": "2025-06-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2064771124.0,
      "total_employees": 29,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,610,735,191 to $2,064,771,124 (+28%).",
        "Added an office in Dallas, TX."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Pinnacle Bank",
      "name_as_filed": "PINNACLE BANK",
      "affiliated": false
    },
    {
      "name": "U.S. Bancorp Investments, Inc.",
      "name_as_filed": "U.S. BANCORP INVESTMENTS, 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/phoenix-merchant-partners-lp-rye-ny-324381.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 752203085.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 5,
      "fewer_than_5": false,
      "raum": 1312568039.0
    }
  ],
  "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/324381",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}