{
  "crd_number": 286323,
  "slug": "sb-investment-advisers-us-inc-menlo-park-ca-286323",
  "primary_business_name": "SB INVESTMENT ADVISERS (US) INC.",
  "legal_name": "SB INVESTMENT ADVISERS (US) INC.",
  "dbas": [],
  "city": "Menlo Park",
  "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": "2017-01-23",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-06-24",
  "carried_forward": false,
  "raum_total": 53472500786.0,
  "raum_discretionary": 53472500786.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 194,
  "advisory_employees": 67,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 53472500786.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/SOFTBANK-INVESTMENT-ADVISERS",
    "https://visionfund.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/286323",
  "city_as_filed": "MENLO PARK",
  "url": "https://advisorcensus.com/firm/sb-investment-advisers-us-inc-menlo-park-ca-286323",
  "display_name": "SB Investment Advisers (US) Inc.",
  "summary": "SB Investment Advisers (US) Inc. is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 24, 2026.",
  "citation": "AdvisorCensus. SB Investment Advisers (US) Inc. (CRD 286323): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is SB Investment Advisers (US) Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), SB Investment Advisers (US) Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is SB Investment Advisers (US) Inc. located?",
      "a": "SB Investment Advisers (US) Inc.'s principal office is in Menlo Park, CA, according to its Form ADV; the July 2026 filing also lists 10 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is SB Investment Advisers (US) Inc. registered with the SEC or a state?",
      "a": "SB Investment Advisers (US) Inc. is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 286323."
    },
    {
      "q": "How much does SB Investment Advisers (US) Inc. manage?",
      "a": "SB Investment Advisers (US) Inc. reports $53,472,500,786 in regulatory assets under management in its Form ADV filing dated June 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have SB Investment Advisers (US) Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for SB Investment Advisers (US) Inc.: Regulatory assets under management: $156,323,516,424 in the October 2021 data and $53,472,500,786 in the October 2026 data, down 66%. Total employees: 153 in October 2021 and 194 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does SB Investment Advisers (US) Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Does SB Investment Advisers (US) Inc. 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/286323"
    },
    {
      "q": "What changed in SB Investment Advisers (US) Inc.'s recent Form ADV filings?",
      "a": "In the July 2026 filing data: Employees performing advisory functions went from 111 to 67. Regulatory assets under management went from $60,920,473,437 to $53,472,500,786 (-12%). Changed its office addresses in Miami, FL. Changed its office addresses in New York, NY. Changed its office addresses in Shanghai. No longer lists an office in Tokyo. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 156323516424.0,
      "total_employees": 153,
      "filing_date": "2021-06-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 89327704660.0,
      "total_employees": 191,
      "filing_date": "2022-09-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 65927476128.0,
      "total_employees": 268,
      "filing_date": "2023-06-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 65300371127.0,
      "total_employees": 286,
      "filing_date": "2024-06-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 60920473437.0,
      "total_employees": 241,
      "filing_date": "2025-06-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 53472500786.0,
      "total_employees": 194,
      "filing_date": "2026-06-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 111 to 67.",
        "Regulatory assets under management went from $60,920,473,437 to $53,472,500,786 (-12%).",
        "Changed its office addresses in Miami, FL.",
        "Changed its office addresses in New York, NY.",
        "Changed its office addresses in Shanghai.",
        "No longer lists an office in Tokyo.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/sb-investment-advisers-us-inc-menlo-park-ca-286323.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 53472500786.0
    }
  ],
  "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/286323",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}