# Santa Barbara Management

> 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.

- CRD: 334801
- Filed as: SANTA BARBARA MANAGEMENT
- Legal name: Santa Barbara MGMT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: September 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/334801
- AdvisorCensus page: https://advisorcensus.com/firm/santa-barbara-management-chicago-il-334801

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated June 1, 2026)

- Account minimum: $100,000,000 (the brochure says it may be waived or negotiated)

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $530,188,760
- Discretionary: $231,667,260
- Non-discretionary: $298,521,500

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 8 | $522,102,971 |
| Corporations or other businesses not listed above | 1 | $8,085,789 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2025 (1 year)
- Employees: 18 total, 17 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, IL, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Montecito, CA

### Websites listed on Form ADV (Item 1.I)
- santabarbaramanagement.com
- LinkedIn @santa-barbara-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $259,160,014 | 7 | July 11, 2025 |
| October 2026 | $530,188,760 | 18 | September 9, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Santa Barbara Management (CRD 334801): Form ADV filing data as of October 2026.