{ "crd_number": 299594, "slug": "prospect-ridge-new-york-ny-299594", "primary_business_name": "PROSPECT RIDGE", "legal_name": "PROSPECT RIDGE ADVISORS, LLC", "dbas": [], "city": "New York", "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": "2019-01-28", "years_registered": 7, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 5809355876.0, "raum_discretionary": 5673374269.0, "raum_non_discretionary": 135981607.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 44, "advisory_employees": 44, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 5809355876.0, "count": 30 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "TN" ], "websites": [ "https://linkedin.com/company/prospect-ridge", "https://prospectridge.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/299594", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/prospect-ridge-new-york-ny-299594", "display_name": "Prospect Ridge", "summary": "Prospect Ridge is an SEC-registered investment advisory firm in New York, NY, registered since 2019, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Prospect Ridge (CRD 299594): 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", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Prospect Ridge compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Prospect Ridge reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other." }, { "q": "Where is Prospect Ridge located?", "a": "Prospect Ridge's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is Prospect Ridge registered with the SEC or a state?", "a": "Prospect Ridge is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 299594." }, { "q": "How much does Prospect Ridge manage?", "a": "Prospect Ridge reports $5,809,355,876 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (98% discretionary)." }, { "q": "How have Prospect Ridge's assets and staff changed since 2021?", "a": "In the Form ADV data for Prospect Ridge: Regulatory assets under management: $2,665,574,089 in the October 2021 data and $5,809,355,876 in the October 2026 data, up 118%. Total employees: 24 in October 2021 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Prospect Ridge serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (30)." }, { "q": "Does Prospect Ridge 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/299594" }, { "q": "Does Prospect Ridge state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"The minimum capital commitment of an Investor in each Fund is typically $500,000, although lesser commitment amounts may be accepted in the discretion of Prospect Ridge or the general partner of a Fund.\"" }, { "q": "What changed in Prospect Ridge's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 40 to 44." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2665574089.0, "total_employees": 24, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3587842863.0, "total_employees": 36, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3977382462.0, "total_employees": 41, "filing_date": "2023-03-29" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3635467408.0, "total_employees": 39, "filing_date": "2024-03-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 5430052166.0, "total_employees": 40, "filing_date": "2025-03-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5809355876.0, "total_employees": 44, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 40 to 44." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$500,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $500,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "The minimum capital commitment of an Investor in each Fund is typically $500,000, although lesser commitment amounts may be accepted in the discretion of Prospect Ridge or the general partner of a Fund." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 500000.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "The minimum capital commitment of an Investor in each Fund is typically $500,000, although lesser commitment amounts may be accepted in the discretion of Prospect Ridge or the general partner of a Fund." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/prospect-ridge-new-york-ny-299594.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 30, "fewer_than_5": false, "raum": 5809355876.0 } ], "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/299594", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }