{
  "crd_number": 106236,
  "slug": "sage-advisory-services-ltd-co-austin-tx-106236",
  "primary_business_name": "SAGE ADVISORY SERVICES LTD CO",
  "legal_name": "SAGE ADVISORY SERVICES LTD CO",
  "dbas": [],
  "city": "Austin",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "12420",
  "metro": {
    "cbsa_code": "12420",
    "common_name": "Austin",
    "msa_name": "Austin-Round Rock-San Marcos, TX",
    "path": "/advisors/tx/austin"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1996-09-24",
  "years_registered": 30,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 28427771682.0,
  "raum_discretionary": 28285477903.0,
  "raum_non_discretionary": 142293779.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 58,
  "advisory_employees": 37,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 3900223260.0,
      "count": 299
    },
    "individuals": {
      "raum": 3305629919.0,
      "count": 11158
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 1727716305.0,
      "count": 51
    },
    "insurance_companies": {
      "raum": 2801523633.0,
      "count": 106
    },
    "investment_companies": {
      "raum": 178745371.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": 7291164025.0,
      "count": 238
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 4317751993.0,
      "count": 1283
    },
    "pooled_investment_vehicles": {
      "raum": 157313392.0,
      "count": 7
    },
    "corporations_other_businesses": {
      "raum": 4747703784.0,
      "count": 1219
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://instagram.com/sageadvisory",
    "https://linkedin.com/COMPANY/121004",
    "https://sageadvisory.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106236",
  "city_as_filed": "AUSTIN",
  "url": "https://advisorcensus.com/firm/sage-advisory-services-ltd-co-austin-tx-106236",
  "display_name": "Sage Advisory Services Ltd Co",
  "summary": "Sage Advisory Services Ltd Co is an SEC-registered investment advisory firm in Austin, TX, registered since 1996, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Sage Advisory Services Ltd Co (CRD 106236): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "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",
    "Pension consulting services",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Sage Advisory Services Ltd Co compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Sage Advisory Services Ltd Co reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Sage Advisory Services Ltd Co located?",
      "a": "Sage Advisory Services Ltd Co's principal office is in Austin, TX, according to its Form ADV."
    },
    {
      "q": "Is Sage Advisory Services Ltd Co registered with the SEC or a state?",
      "a": "Sage Advisory Services Ltd Co is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 106236."
    },
    {
      "q": "How much does Sage Advisory Services Ltd Co manage?",
      "a": "Sage Advisory Services Ltd Co reports $28,427,771,682 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (99% discretionary)."
    },
    {
      "q": "How have Sage Advisory Services Ltd Co's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Sage Advisory Services Ltd Co: Regulatory assets under management: $13,760,756,018 in the October 2021 data and $28,427,771,682 in the October 2026 data, up 107%. Total employees: 54 in October 2021 and 58 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Sage Advisory Services Ltd Co serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (11,158); high net worth individuals (1,283); corporations or other businesses not listed above (1,219)."
    },
    {
      "q": "Which custodians does Sage Advisory Services Ltd Co use?",
      "a": "Sage Advisory Services Ltd Co's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley and Northern Trust Securities, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Sage Advisory Services Ltd Co 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/106236"
    },
    {
      "q": "What changed in Sage Advisory Services Ltd Co's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $24,975,056,606 to $28,427,771,682 (+14%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 13760756018.0,
      "total_employees": 54,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 15091535736.0,
      "total_employees": 52,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 15322865201.0,
      "total_employees": 53,
      "filing_date": "2023-03-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 22693997435.0,
      "total_employees": 53,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 24975056606.0,
      "total_employees": 58,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 28427771682.0,
      "total_employees": 58,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $24,975,056,606 to $28,427,771,682 (+14%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    },
    {
      "name": "Northern Trust Securities, Inc.",
      "name_as_filed": "NORTHERN TRUST SECURITIES, 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/sage-advisory-services-ltd-co-austin-tx-106236.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 11158,
      "fewer_than_5": false,
      "raum": 3305629919.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1283,
      "fewer_than_5": false,
      "raum": 4317751993.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 178745371.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 157313392.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 238,
      "fewer_than_5": false,
      "raum": 7291164025.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 299,
      "fewer_than_5": false,
      "raum": 3900223260.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 51,
      "fewer_than_5": false,
      "raum": 1727716305.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 106,
      "fewer_than_5": false,
      "raum": 2801523633.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1219,
      "fewer_than_5": false,
      "raum": 4747703784.0
    }
  ],
  "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/106236",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}