{
  "crd_number": 288694,
  "slug": "recurrent-investment-advisors-llc-houston-tx-288694",
  "primary_business_name": "RECURRENT INVESTMENT ADVISORS LLC",
  "legal_name": "RECURRENT INVESTMENT ADVISORS LLC",
  "dbas": [],
  "city": "Houston",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "26420",
  "metro": {
    "cbsa_code": "26420",
    "common_name": "Houston",
    "msa_name": "Houston-Pasadena-The Woodlands, TX",
    "path": "/advisors/tx/houston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-06-30",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-08-13",
  "carried_forward": false,
  "raum_total": 1381535163.0,
  "raum_discretionary": 1381535163.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 6,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 71456775.0,
      "count": null,
      "description": "COLLEGE ENDOWMENT",
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 1170213668.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 13930629.0,
      "count": 12
    },
    "pooled_investment_vehicles": {
      "raum": 114325452.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 11608639.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/recurrent-investment-advisors",
    "https://recurrentadvisors.com",
    "https://recurrentfunds.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288694",
  "city_as_filed": "HOUSTON",
  "url": "https://advisorcensus.com/firm/recurrent-investment-advisors-llc-houston-tx-288694",
  "display_name": "Recurrent Investment Advisors LLC",
  "summary": "Recurrent Investment Advisors LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 13, 2026.",
  "citation": "AdvisorCensus. Recurrent Investment Advisors LLC (CRD 288694): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "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 Recurrent Investment Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Recurrent Investment Advisors LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Recurrent Investment Advisors LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated August 13, 2026 states: Asset-based fee: 0.6% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Recurrent Investment Advisors LLC located?",
      "a": "Recurrent Investment Advisors LLC's principal office is in Houston, TX, according to its Form ADV."
    },
    {
      "q": "Is Recurrent Investment Advisors LLC registered with the SEC or a state?",
      "a": "Recurrent Investment Advisors LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288694."
    },
    {
      "q": "How much does Recurrent Investment Advisors LLC manage?",
      "a": "Recurrent Investment Advisors LLC reports $1,381,535,163 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (100% discretionary)."
    },
    {
      "q": "How have Recurrent Investment Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Recurrent Investment Advisors LLC: Regulatory assets under management: $162,116,249 in the October 2021 data and $1,381,535,163 in the October 2026 data, up 752%. Total employees: 3 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Recurrent Investment Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (12); pooled investment vehicles (other than investment companies and business development companies) (3); investment companies (1)."
    },
    {
      "q": "Which custodians does Recurrent Investment Advisors LLC use?",
      "a": "Recurrent Investment Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Northern Trust Securities, Inc., Pershing LLC and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Recurrent Investment Advisors 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/288694"
    },
    {
      "q": "What changed in Recurrent Investment Advisors LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 162116249.0,
      "total_employees": 3,
      "filing_date": "2021-03-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 279383923.0,
      "total_employees": 3,
      "filing_date": "2022-09-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 544697725.0,
      "total_employees": 4,
      "filing_date": "2023-03-20"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 782237028.0,
      "total_employees": 5,
      "filing_date": "2024-03-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1212336772.0,
      "total_employees": 6,
      "filing_date": "2025-03-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1381535163.0,
      "total_employees": 6,
      "filing_date": "2026-08-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,212,336,772 to $1,381,535,163 (+14%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 13, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.6% to 1% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "None",
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.6% to 1% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Typically, a Separate Account Client will pay management fees to the Advisor ranging from 0.60% to 1.00% annually."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: None"
        ],
        "quotes": [
          "Recurrent does not impose a minimum account size or minimum fee as a condition for starting and maintaining a relationship; provided, however, the Fund does have a minimum investment amount."
        ]
      }
    ],
    "quotes": [
      "Typically, a Separate Account Client will pay management fees to the Advisor ranging from 0.60% to 1.00% annually.",
      "Recurrent does not impose a minimum account size or minimum fee as a condition for starting and maintaining a relationship; provided, however, the Fund does have a minimum investment amount."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Northern Trust Securities, Inc.",
      "name_as_filed": "NORTHERN TRUST SECURITIES, INC.",
      "affiliated": false
    },
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "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/recurrent-investment-advisors-llc-houston-tx-288694.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 12,
      "fewer_than_5": false,
      "raum": 13930629.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 1170213668.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 114325452.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 11608639.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 71456775.0
    }
  ],
  "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/288694",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}