# Reef Investment Management LLC

> Reef Investment Management LLC is an SEC-registered investment advisory firm in Lehi, UT, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 10, 2026.

- CRD: 309186
- Filed as: REEF INVESTMENT MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lehi, UT
- Filing period: October 2026
- Form ADV filing dated: February 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/309186
- AdvisorCensus page: https://advisorcensus.com/firm/reef-investment-management-llc-lehi-ut-309186

## Quick answers

**How is Reef Investment Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Reef Investment Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Reef Investment Management LLC located?**
Reef Investment Management LLC's principal office is in Lehi, UT, according to its Form ADV.

**Is Reef Investment Management LLC registered with the SEC or a state?**
Reef Investment Management LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 309186.

**How much does Reef Investment Management LLC manage?**
Reef Investment Management LLC reports $234,318,688 in regulatory assets under management in its Form ADV filing dated February 10, 2026 (0% discretionary).

**How have Reef Investment Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Reef Investment Management LLC: Regulatory assets under management: $112,160,000 in the October 2021 data and $234,318,688 in the October 2026 data, up 109%. Total employees: 6 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Reef Investment Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Reef Investment Management 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/309186

**What changed in Reef Investment Management LLC's recent Form ADV filings?**
In the January 2026 filing data: Regulatory assets under management went from $151,031,282 to $234,318,688 (+55%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Regulatory assets under management (Item 5.F)
- Total: $234,318,688
- Discretionary: $0
- Non-discretionary: $234,318,688

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $234,318,688 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

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

### Firm details
- Registered since: 2020 (5 years)
- Employees: 13 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: UT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- reefcp.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $112,160,000 | 6 | April 30, 2021 |
| October 2022 | $243,248,549 | 3 | February 3, 2022 |
| October 2023 | $277,555,588 | 3 | December 13, 2022 |
| October 2024 | $303,131,769 | 7 | July 1, 2024 |
| October 2025 | $151,031,282 | 11 | February 19, 2025 |
| October 2026 | $234,318,688 | 13 | February 10, 2026 |

Regulatory assets under management: $112,160,000 in the October 2021 data and $234,318,688 in the October 2026 data, up 109%.
Total employees: 6 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- Regulatory assets under management went from $151,031,282 to $234,318,688 (+55%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Reef Investment Management LLC (CRD 309186): Form ADV filing data as of October 2026.