AdvisorCensus / Financial advisors / New York / New York / Sandler Capital Management
Sandler Capital Management is an SEC-registered investment advisory firm in New York, NY, registered since 1988, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 14, 2026.
Quick answers
From the filingHow is Sandler Capital Management compensated?
On its Form ADV (Item 5.E, October 2026), Sandler Capital Management 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 Sandler Capital Management located?
Sandler Capital Management's principal office is in New York, NY, according to its Form ADV.
Is Sandler Capital Management registered with the SEC or a state?
Sandler Capital Management is an SEC-registered investment advisory firm, registered since 1988. Status as filed: Approved. CRD 109856.
How much does Sandler Capital Management manage?
Sandler Capital Management reports $394,980,000 in regulatory assets under management in its Form ADV filing dated May 14, 2026 (100% discretionary).
How have Sandler Capital Management's assets and staff changed since 2021?
In the Form ADV data for Sandler Capital Management: Regulatory assets under management: $2,571,830,000 in the October 2021 data and $394,980,000 in the October 2026 data, down 85%. Total employees: 28 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Sandler Capital Management serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).
Does Sandler Capital Management 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/109856
What changed in Sandler Capital Management's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 16 to 11. Regulatory assets under management went from $946,870,000 to $394,980,000 (-58%). Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated March 27, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$394,980,000 as of October 2026, filing dated May 14, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1988 (38 years)
- Employees
- Total: 17. Performing investment advisory functions: 11.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $394,980,000 | 17 | May 14, 2026 |
| October 2025 | $946,870,000 | 27 | May 14, 2025 |
| October 2024 | $1,416,980,000 | 28 | May 6, 2024 |
| October 2023 | $2,076,120,000 | 27 | May 11, 2023 |
| October 2022 | $2,485,640,000 | 27 | May 17, 2022 |
| October 2021 | $2,571,830,000 | 28 | May 21, 2021 |
Regulatory assets under management: $2,571,830,000 in the October 2021 data and $394,980,000 in the October 2026 data, down 85%.
Total employees: 28 in October 2021 and 17 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 16 to 11.
- Regulatory assets under management went from $946,870,000 to $394,980,000 (-58%).
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Sandler Capital Management (CRD 109856): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/sandler-capital-management-new-york-ny-109856