# Realterm

> Realterm is an SEC-registered investment advisory firm in Annapolis, MD, registered since 2023, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 6, 2026.

- CRD: 322689
- Filed as: REALTERM
- Legal name: Realterm Transportation LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Annapolis, MD
- Filing period: October 2026
- Form ADV filing dated: May 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/322689
- AdvisorCensus page: https://advisorcensus.com/firm/realterm-annapolis-md-322689

## Quick answers

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

**Where is Realterm located?**
Realterm's principal office is in Annapolis, MD, according to its Form ADV; the June 2026 filing also lists 16 other offices (Schedule D, Section 1.F).

**Is Realterm registered with the SEC or a state?**
Realterm is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 322689.

**How much does Realterm manage?**
Realterm reports $10,868,413,000 in regulatory assets under management in its Form ADV filing dated May 6, 2026 (81% discretionary).

**How have Realterm's assets and staff changed since 2023?**
In the Form ADV data for Realterm: Regulatory assets under management: $8,590,083,000 in the October 2023 data and $10,868,413,000 in the October 2026 data, up 27%. Total employees: 212 in October 2023 and 265 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Realterm serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16).

**Does Realterm 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/322689

**What changed in Realterm's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 106 to 109. Changed its office addresses in Sydney. Added an office in Moniga del Garda. Added an office in Paris. No longer lists an office in Mississauga, On.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $10,868,413,000
- Discretionary: $8,779,833,000
- Non-discretionary: $2,088,580,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $10,868,413,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2023 (3 years)
- Employees: 265 total, 109 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, DC, FL, IL, MD, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Amsterdam
- Baltimore, MD
- Chicago, IL
- Dallas, TX
- Dorval Qc
- El Segundo, CA
- Frankfurt Am
- Ft Lauderdale, FL
- Humble, TX
- London
- Moniga del Garda
- New York, NY
- Paris
- Singapore
- Sydney
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- realterm.com
- LinkedIn @realterm
- X @Realterm

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $8,590,083,000 | 212 | July 21, 2023 |
| October 2024 | $9,223,485,500 | 228 | May 1, 2024 |
| October 2025 | $10,006,393,000 | 256 | May 19, 2025 |
| October 2026 | $10,868,413,000 | 265 | May 6, 2026 |

Regulatory assets under management: $8,590,083,000 in the October 2023 data and $10,868,413,000 in the October 2026 data, up 27%.
Total employees: 212 in October 2023 and 265 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 106 to 109.
- Changed its office addresses in Sydney.
- Added an office in Moniga del Garda.
- Added an office in Paris.
- No longer lists an office in Mississauga, On.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Realterm (CRD 322689): Form ADV filing data as of October 2026.