# PSP Research LLC

> PSP Research LLC is an SEC-registered investment advisory firm, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 1, 2026.

- CRD: 333271
- Filed as: PSP RESEARCH LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: July 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/333271
- AdvisorCensus page: https://advisorcensus.com/firm/psp-research-llc-333271

## Quick answers

**How is PSP Research LLC compensated?**
On its Form ADV (Item 5.E, October 2026), PSP Research LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does PSP Research LLC charge?**
Its Form ADV Part 2A brochure dated July 1, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Is PSP Research LLC registered with the SEC or a state?**
PSP Research LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 333271.

**How much does PSP Research LLC manage?**
PSP Research LLC reports $178,637,243 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary).

**How have PSP Research LLC's assets and staff changed since 2025?**
In the Form ADV data for PSP Research LLC: Regulatory assets under management: $110,000,000 in the October 2025 data and $178,637,243 in the October 2026 data, up 62%. Total employees: 1 in October 2025 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**Which custodians does PSP Research LLC use?**
PSP Research LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists CF Secured, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does PSP Research LLC 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/333271

**Does PSP Research LLC state an account minimum?**
Its Form ADV Part 2A brochure dated July 1, 2026 says: "PSP Research generally requires a minimum relationship size of $10,000,000 to effectively implement its investment process."

**What changed in PSP Research LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $110,000,000 to $178,637,243 (+62%). Registered or notice-filed in NV.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated July 1, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> Investment advisory fees range up to 2.00% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor.

- Account minimum: $10,000,000

> PSP Research generally requires a minimum relationship size of $10,000,000 to effectively implement its investment process.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- CF Secured, LLC

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: $178,637,243
- Discretionary: $178,637,243
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Corporations or other businesses not listed above | Fewer than 5 | $178,637,243 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2024 (1 year)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NV, PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $110,000,000 | 1 | May 20, 2025 |
| October 2026 | $178,637,243 | 1 | July 1, 2026 |

Regulatory assets under management: $110,000,000 in the October 2025 data and $178,637,243 in the October 2026 data, up 62%.
Total employees: 1 in October 2025 and 1 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $110,000,000 to $178,637,243 (+62%).
- Registered or notice-filed in NV.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. PSP Research LLC (CRD 333271): Form ADV filing data as of October 2026.