{
  "crd_number": 106093,
  "slug": "polen-capital-management-llc-boca-raton-fl-106093",
  "primary_business_name": "POLEN CAPITAL MANAGEMENT, LLC",
  "legal_name": "POLEN CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Boca Raton",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "33100",
  "metro": {
    "cbsa_code": "33100",
    "common_name": "Miami",
    "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL",
    "path": "/advisors/fl/miami"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1980-04-07",
  "years_registered": 46,
  "period": "2026-10-01",
  "filing_date": "2026-09-30",
  "carried_forward": false,
  "raum_total": 24061099864.0,
  "raum_discretionary": 24061099864.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 168,
  "advisory_employees": 22,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 437177761.0,
      "count": 42
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 1650002896.0,
      "count": 26
    },
    "insurance_companies": {
      "raum": 13177789.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 5227780615.0,
      "count": 14
    },
    "pension_profit_sharing": {
      "raum": 1690619115.0,
      "count": 22
    },
    "other_investment_advisers": {
      "raum": 8824606218.0,
      "count": 85
    },
    "high_net_worth_individuals": {
      "raum": 1373093151.0,
      "count": 1347
    },
    "pooled_investment_vehicles": {
      "raum": 3784953990.0,
      "count": 18
    },
    "corporations_other_businesses": {
      "raum": 799484746.0,
      "count": 48
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 260203583.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV"
  ],
  "websites": [
    "https://glassdoor.com/Overview/Working-at-Polen-Capital-EI_IE3242095.11,24.htm",
    "https://linkedin.com/company/polen-capital-management",
    "https://polencapital.com",
    "https://vimeo.com/POLENCAPITAL",
    "https://youtube.com/channel/UCi9uXI1OPFDCXPNeALVJEoA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106093",
  "city_as_filed": "BOCA RATON",
  "url": "https://advisorcensus.com/firm/polen-capital-management-llc-boca-raton-fl-106093",
  "display_name": "Polen Capital Management, LLC",
  "summary": "Polen Capital Management, LLC is an SEC-registered investment advisory firm in Boca Raton, FL, registered since 1980, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.",
  "citation": "AdvisorCensus. Polen Capital Management, LLC (CRD 106093): 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 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"
  ],
  "quick_answers": [
    {
      "q": "How is Polen Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Polen Capital Management, LLC 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."
    },
    {
      "q": "Where is Polen Capital Management, LLC located?",
      "a": "Polen Capital Management, LLC's principal office is in Boca Raton, FL, according to its Form ADV; the October 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Polen Capital Management, LLC registered with the SEC or a state?",
      "a": "Polen Capital Management, LLC is an SEC-registered investment advisory firm, registered since 1980. Status as filed: Approved. CRD 106093."
    },
    {
      "q": "How much does Polen Capital Management, LLC manage?",
      "a": "Polen Capital Management, LLC reports $24,061,099,864 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Polen Capital Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Polen Capital Management, LLC: Regulatory assets under management: $46,029,107,670 in the October 2021 data and $24,061,099,864 in the October 2026 data, down 48%. Total employees: 116 in October 2021 and 168 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Polen Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (1,347); other investment advisers (85); corporations or other businesses not listed above (48)."
    },
    {
      "q": "Which custodians does Polen Capital Management, LLC use?",
      "a": "Polen Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley, State Street Bank and UBS Financial Services Inc as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Polen Capital Management, LLC 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/106093"
    },
    {
      "q": "What changed in Polen Capital Management, LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 46029107670.0,
      "total_employees": 116,
      "filing_date": "2021-03-25"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 63470965574.0,
      "total_employees": 142,
      "filing_date": "2022-03-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 36045083867.0,
      "total_employees": 153,
      "filing_date": "2023-06-06"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 43238955480.0,
      "total_employees": 173,
      "filing_date": "2024-05-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 37703918773.0,
      "total_employees": 229,
      "filing_date": "2025-05-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 24061099864.0,
      "total_employees": 168,
      "filing_date": "2026-09-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 43 to 22.",
        "Regulatory assets under management went from $37,703,918,773 to $24,061,099,864 (-36%).",
        "Added an office in Chicago, IL."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    },
    {
      "name": "State Street Bank",
      "name_as_filed": "STATE STREET BANK",
      "affiliated": false
    },
    {
      "name": "UBS Financial Services Inc",
      "name_as_filed": "UBS FINANCIAL SERVICES 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/polen-capital-management-llc-boca-raton-fl-106093.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1347,
      "fewer_than_5": false,
      "raum": 1373093151.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 14,
      "fewer_than_5": false,
      "raum": 5227780615.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 18,
      "fewer_than_5": false,
      "raum": 3784953990.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 22,
      "fewer_than_5": false,
      "raum": 1690619115.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 42,
      "fewer_than_5": false,
      "raum": 437177761.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 26,
      "fewer_than_5": false,
      "raum": 1650002896.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 85,
      "fewer_than_5": false,
      "raum": 8824606218.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 13177789.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 260203583.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 48,
      "fewer_than_5": false,
      "raum": 799484746.0
    }
  ],
  "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/106093",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}