# Sand Spring Advisors LLC

> Sand Spring Advisors LLC is a state-registered investment advisory firm, registered since 2016, with no regulatory assets under management reported in its Form ADV filing dated March 25, 2026.

- CRD: 285591
- Filed as: SAND SPRING ADVISORS LLC
- Legal name: Leib, Barclay Thorndike
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Registered in New Jersey
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/285591
- AdvisorCensus page: https://advisorcensus.com/firm/sand-spring-advisors-llc-285591

## Quick answers

**How is Sand Spring Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Sand Spring Advisors LLC reports these compensation arrangements: hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is Sand Spring Advisors LLC registered with the SEC or a state?**
Sand Spring Advisors LLC is a state-registered investment advisory firm, registered since 2016. Status as filed: APPROVED. CRD 285591.

**What types of clients does Sand Spring Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1); pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Sand Spring Advisors LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/285591

## From the Form ADV filing

### Compensation (Item 5.E)
- Hourly charges
- Fixed fees (other than subscription fees)

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | Not reported |

### Advisory services (Item 5.G)
- Selection of other advisers (including private fund managers)
- Market timing services
- Other

### Firm details
- Registered since: 2016 (9 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NJ
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sand Spring Advisors LLC (CRD 285591): Form ADV filing data as of October 2026.