# Santa FE Advisors LLC

> Santa FE Advisors LLC is an SEC-registered investment advisory firm in Santa Fe, NM, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 170872
- Filed as: SANTA FE ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Santa Fe, NM
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170872
- AdvisorCensus page: https://advisorcensus.com/firm/santa-fe-advisors-llc-santa-fe-nm-170872

## Quick answers

**How is Santa FE Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Santa FE Advisors LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Santa FE Advisors LLC located?**
Santa FE Advisors LLC's principal office is in Santa Fe, NM, according to its Form ADV.

**Is Santa FE Advisors LLC registered with the SEC or a state?**
Santa FE Advisors LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 170872.

**How much does Santa FE Advisors LLC manage?**
Santa FE Advisors LLC reports $116,141,100 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (97% discretionary).

**How have Santa FE Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for Santa FE Advisors LLC: Regulatory assets under management: $160,830,000 in the October 2021 data and $116,141,100 in the October 2026 data, down 28%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Santa FE Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (52); individuals (other than high net worth individuals) (7).

**Which custodians does Santa FE Advisors LLC use?**
Santa FE Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Santa FE 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 SEC record: https://adviserinfo.sec.gov/firm/summary/170872

**Does Santa FE Advisors LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "SFA generally requires a minimum of $1,000,000 of assets under management for each client relationship. Subject to management approval, the minimum assets under management requirement may be waived."

**What changed in Santa FE Advisors LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $177,474,000 to $116,141,100 (-35%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> SFA generally requires a minimum of $1,000,000 of assets under management for each client relationship. Subject to management approval, the minimum assets under management requirement may be waived.

- Minimum annual fee: $7,500

> SFA assesses a minimum annual fee of $7,500 per relationship, irrespective of asset size. Subject to management approval, the minimum fee may be waived.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

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: $116,141,100
- Discretionary: $112,697,200
- Non-discretionary: $3,443,900

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 7 | $4,349,700 |
| High net worth individuals | 52 | $105,165,800 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Charitable organizations | Fewer than 5 | $6,625,600 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, NM, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $160,830,000 | 5 | March 31, 2021 |
| October 2022 | $182,517,000 | 4 | March 29, 2022 |
| October 2023 | $158,333,000 | 5 | March 31, 2023 |
| October 2024 | $170,827,000 | 5 | March 21, 2024 |
| October 2025 | $177,474,000 | 5 | March 19, 2025 |
| October 2026 | $116,141,100 | 5 | March 27, 2026 |

Regulatory assets under management: $160,830,000 in the October 2021 data and $116,141,100 in the October 2026 data, down 28%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 4.
- Regulatory assets under management went from $177,474,000 to $116,141,100 (-35%).

### December 2025
- Employees performing advisory functions went from 4 to 3.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Santa FE Advisors LLC (CRD 170872): Form ADV filing data as of October 2026.