AdvisorCensus / Financial advisors / Pichardo Asset Management, S.A. de C.V.
Pichardo Asset Management, S.A. de C.V.
Filed as PICHARDO ASSET MANAGEMENT, S.A. DE C.V.
Pichardo Asset Management, S.A. de C.V. is an SEC-registered investment advisory firm in Mexico City, Mexico, registered since 2003, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated February 18, 2026.
Quick answers
From the filingHow is Pichardo Asset Management, S.A. de C.V. compensated?
On its Form ADV (Item 5.E, October 2026), Pichardo Asset Management, S.A. de C.V. 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 Pichardo Asset Management, S.A. de C.V. located?
Pichardo Asset Management, S.A. de C.V.'s principal office is in Mexico City, Mexico, according to its Form ADV.
Is Pichardo Asset Management, S.A. de C.V. registered with the SEC or a state?
Pichardo Asset Management, S.A. de C.V. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 126683.
How much does Pichardo Asset Management, S.A. de C.V. manage?
Pichardo Asset Management, S.A. de C.V. reports $89,759,598 in regulatory assets under management in its Form ADV filing dated February 18, 2026 (73% discretionary).
How have Pichardo Asset Management, S.A. de C.V.'s assets and staff changed since 2021?
In the Form ADV data for Pichardo Asset Management, S.A. de C.V.: Regulatory assets under management: $40,598,000 in the October 2021 data and $89,759,598 in the October 2026 data, up 121%. Total employees: 13 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Pichardo Asset Management, S.A. de C.V. serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (7); investment companies (3).
Does Pichardo Asset Management, S.A. de C.V. 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/126683
What changed in Pichardo Asset Management, S.A. de C.V.'s recent Form ADV filings?
In the March 2026 filing data: Regulatory assets under management went from $67,661,976 to $89,759,598 (+33%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Regulatory assets under management
Item 5.F$89,759,598 as of October 2026, filing dated February 18, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2003 (23 years)
- Employees
- Total: 8. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $89,759,598 | 8 | February 18, 2026 |
| October 2025 | $67,661,976 | 9 | March 28, 2025 |
| October 2024 | $89,018,868 | 7 | April 22, 2024 |
| October 2023 | $71,771,000 | 10 | April 3, 2023 |
| October 2022 | $71,913,000 | 12 | March 17, 2022 |
| October 2021 | $40,598,000 | 13 | March 18, 2021 |
Regulatory assets under management: $40,598,000 in the October 2021 data and $89,759,598 in the October 2026 data, up 121%.
Total employees: 13 in October 2021 and 8 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Regulatory assets under management went from $67,661,976 to $89,759,598 (+33%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Pichardo Asset Management, S.A. de C.V. (CRD 126683): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/pichardo-asset-management-s-a-de-c-v-mexico-city-126683