{
  "crd_number": 155168,
  "slug": "saxon-securities-llc-san-francisco-ca-155168",
  "primary_business_name": "SAXON SECURITIES LLC",
  "legal_name": "SAXON SECURITIES LLC",
  "dbas": [],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-01-28",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 94631605.0,
  "raum_discretionary": 94631605.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 2,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 13334184.0,
      "count": 7
    },
    "state_municipal": {
      "raum": 15816015.0,
      "count": 5
    },
    "other_investment_advisers": {
      "raum": 29350567.0,
      "count": 7
    },
    "high_net_worth_individuals": {
      "raum": 15601.0,
      "count": 1,
      "fewer_than_5": true
    },
    "corporations_other_businesses": {
      "raum": 36115238.0,
      "count": 5
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://saxonsecurities.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155168",
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/saxon-securities-llc-san-francisco-ca-155168",
  "display_name": "Saxon Securities LLC",
  "summary": "Saxon Securities LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2014, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Saxon Securities LLC (CRD 155168): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Saxon Securities LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Saxon Securities LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Saxon Securities LLC located?",
      "a": "Saxon Securities LLC's principal office is in San Francisco, CA, according to its Form ADV."
    },
    {
      "q": "Is Saxon Securities LLC registered with the SEC or a state?",
      "a": "Saxon Securities LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 155168."
    },
    {
      "q": "How much does Saxon Securities LLC manage?",
      "a": "Saxon Securities LLC reports $94,631,605 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Saxon Securities LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Saxon Securities LLC: Regulatory assets under management: $425,683,813 in the October 2021 data and $94,631,605 in the October 2026 data, down 78%. Total employees: 8 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Saxon Securities LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: charitable organizations (7); other investment advisers (7); state or municipal government entities (including government pension plans) (5)."
    },
    {
      "q": "Which custodians does Saxon Securities LLC use?",
      "a": "Saxon Securities LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Mid Atlantic Trust Company and U.S. Bank Trust Company, National Association as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Saxon Securities LLC report any disciplinary disclosures?",
      "a": "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/155168"
    },
    {
      "q": "What changed in Saxon Securities LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $137,174,793 to $94,631,605 (-31%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 425683813.0,
      "total_employees": 8,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 349745590.0,
      "total_employees": 4,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 182217212.0,
      "total_employees": 3,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 186843565.0,
      "total_employees": 2,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 137174793.0,
      "total_employees": 2,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 94631605.0,
      "total_employees": 2,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $137,174,793 to $94,631,605 (-31%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Mid Atlantic Trust Company",
      "name_as_filed": "MID ATLANTIC TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "U.S. Bank Trust Company, National Association",
      "name_as_filed": "U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/saxon-securities-llc-san-francisco-ca-155168.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1,
      "fewer_than_5": true,
      "raum": 15601.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 7,
      "fewer_than_5": false,
      "raum": 13334184.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 15816015.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 7,
      "fewer_than_5": false,
      "raum": 29350567.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 36115238.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155168",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}