AdvisorCensus / Financial advisors / Illinois / Chicago / Santa Barbara Management
Santa Barbara Management
Filed as SANTA BARBARA MANAGEMENT · Legal name Santa Barbara MGMT, LLC
Santa Barbara Management is an SEC-registered investment advisory firm in Chicago, IL, registered since 2025, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 9, 2026.
Quick answers
From the filingHow is Santa Barbara Management compensated?
On its Form ADV (Item 5.E, October 2026), Santa Barbara Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other.
Where is Santa Barbara Management located?
Santa Barbara Management's principal office is in Chicago, IL, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Santa Barbara Management registered with the SEC or a state?
Santa Barbara Management is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 334801.
How much does Santa Barbara Management manage?
Santa Barbara Management reports $530,188,760 in regulatory assets under management in its Form ADV filing dated September 9, 2026 (44% discretionary).
How have Santa Barbara Management's assets and staff changed since 2025?
In the Form ADV data for Santa Barbara Management: Regulatory assets under management: $259,160,014 in the October 2025 data and $530,188,760 in the October 2026 data, up 105%. Total employees: 7 in October 2025 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Santa Barbara Management serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (8); corporations or other businesses not listed above (1).
Which custodians does Santa Barbara Management use?
Santa Barbara Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Santa Barbara 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/334801
Does Santa Barbara Management state an account minimum?
Its Form ADV Part 2A brochure dated June 1, 2026 says: "As a condition for entering an advisory relationship with SBM, we generally require a minimum family AUA or AUM threshold of $100,000,000." "SBM, in its sole discretion, may accept clients with lesser AUA or AUM based upon certain criteria including future earning capacity, anticipated future additional assets,"
What changed in Santa Barbara Management's recent Form ADV filings?
In the October 2026 filing data: Registered or notice-filed in CO.
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
- Fixed fees (other than subscription fees)
- Other
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 2AAccount minimum: $100,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
As a condition for entering an advisory relationship with SBM, we generally require a minimum family AUA or AUM threshold of $100,000,000.
SBM, in its sole discretion, may accept clients with lesser AUA or AUM based upon certain criteria including future earning capacity, anticipated future additional assets,
As stated in the firm's Form ADV Part 2A brochure dated June 1, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$530,188,760 as of October 2026, filing dated September 9, 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- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- Santa Barbara MGMT, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 18. Performing investment advisory functions: 17.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the October 2026 filing
- States registered or notice-filed
-
5 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 | $530,188,760 | 18 | September 9, 2026 |
| October 2025 | $259,160,014 | 7 | July 11, 2025 |
Regulatory assets under management: $259,160,014 in the October 2025 data and $530,188,760 in the October 2026 data, up 105%.
Total employees: 7 in October 2025 and 18 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- October 2026
- Registered or notice-filed in CO.
- September 2026
- Changed its office addresses in Montecito, CA.
- April 2026
- Regulatory assets under management went from $259,160,014 to $530,188,760 (+105%).
- Employees performing advisory functions went from 6 to 17.
- Updated its list of owners and control persons (Schedule A).
- February 2026
- Registered or notice-filed in NY.
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. Santa Barbara Management (CRD 334801): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/santa-barbara-management-chicago-il-334801