# Royce Investment Partners

> Royce Investment Partners is an SEC-registered investment advisory firm in New York, NY, registered since 1971, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated February 2, 2026.

- CRD: 107689
- Filed as: ROYCE INVESTMENT PARTNERS
- Legal name: Royce & Associates, LP
- Also doing business as: ROYCE INVESTMENT PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: February 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107689
- AdvisorCensus page: https://advisorcensus.com/firm/royce-investment-partners-new-york-ny-107689

## Quick answers

**How is Royce Investment Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Royce Investment Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Royce Investment Partners located?**
Royce Investment Partners' principal office is in New York, NY, according to its Form ADV; the March 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Royce Investment Partners registered with the SEC or a state?**
Royce Investment Partners is an SEC-registered investment advisory firm, registered since 1971. Status as filed: Approved. CRD 107689.

**How much does Royce Investment Partners manage?**
Royce Investment Partners reports $12,408,363,508 in regulatory assets under management in its Form ADV filing dated February 2, 2026 (100% discretionary).

**How have Royce Investment Partners' assets and staff changed since 2021?**
In the Form ADV data for Royce Investment Partners: Regulatory assets under management: $17,738,212,543 in the October 2021 data and $12,408,363,508 in the October 2026 data, down 30%. Total employees: 95 in October 2021 and 89 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Royce Investment Partners serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (931); investment companies (16); pooled investment vehicles (other than investment companies and business development companies) (11).

**Which custodians does Royce Investment Partners use?**
Royce Investment Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley, Raymond James & Associates, Inc. and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.

**Does Royce Investment Partners report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107689

**What changed in Royce Investment Partners' recent Form ADV filings?**
In the March 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley
- Raymond James & Associates, Inc.
- The Bank of New York Mellon

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: $12,408,363,508
- Discretionary: $12,347,504,474
- Non-discretionary: $60,859,034

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 931 | $173,892,985 |
| High net worth individuals | 1 | $1,078,409 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 16 | $10,487,016,009 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $1,589,772,549 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 4 | $83,943,844 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 8 | $60,859,034 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 8 | $11,800,678 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1971 (54 years)
- Employees: 89 total, 30 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CT, NY
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107689

### Other offices (Schedule D, Section 1.F), as of the March 2026 filing
- Greenwich, CT

### Websites listed on Form ADV (Item 1.I)
- [royceinvest.com](https://royceinvest.com)
- LinkedIn @ROYCEINVEST
- X @ROYCEINVESTMENT
- YouTube @ROYCEINVESTMENTPARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $17,738,212,543 | 95 | June 29, 2021 |
| October 2022 | $16,374,266,508 | 92 | July 6, 2022 |
| October 2023 | $10,725,058,056 | 96 | July 27, 2023 |
| October 2024 | $11,718,790,798 | 95 | August 1, 2024 |
| October 2025 | $12,728,759,787 | 95 | May 15, 2025 |
| October 2026 | $12,408,363,508 | 89 | February 2, 2026 |

Regulatory assets under management: $17,738,212,543 in the October 2021 data and $12,408,363,508 in the October 2026 data, down 30%.
Total employees: 95 in October 2021 and 89 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Updated its list of owners and control persons (Schedule A).

### January 2026
- Employees performing advisory functions went from 33 to 30.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Royce Investment Partners (CRD 107689): Form ADV filing data as of October 2026.