{
  "crd_number": 122258,
  "slug": "scs-capital-management-llc-boston-ma-122258",
  "primary_business_name": "SCS CAPITAL MANAGEMENT LLC",
  "legal_name": "SCS CAPITAL MANAGEMENT LLC",
  "dbas": [
    "BLUE CURRENT",
    "FOCUS INVESTMENT PARTNERS",
    "SCS FINANCIAL",
    "SCS FINANCIAL SERVICES"
  ],
  "city": "Boston",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2002-09-06",
  "years_registered": 24,
  "period": "2026-10-01",
  "filing_date": "2026-07-14",
  "carried_forward": false,
  "raum_total": 48650197284.0,
  "raum_discretionary": 42287156034.0,
  "raum_non_discretionary": 6363041250.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 213,
  "advisory_employees": 99,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 882619368.0,
      "count": 14
    },
    "state_municipal": {
      "raum": 72897549.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 95833758.0,
      "count": 1
    },
    "other_investment_advisers": {
      "raum": 31621261.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 30394170683.0,
      "count": 491
    },
    "pooled_investment_vehicles": {
      "raum": 17007264740.0,
      "count": 78
    },
    "corporations_other_businesses": {
      "raum": 165789925.0,
      "count": 5
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://bluecurrentfunds.com",
    "https://bluecurrentportfolios.com",
    "https://focusfinancialpartners.com",
    "https://linkedin.com/COMPANY/FOCUS-FINANCIAL-PARTNERS",
    "https://linkedin.com/COMPANY/SCS-FINANCIAL",
    "https://scsfinancial.com",
    "https://x.com/FOCUSFINANCIAL"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122258",
  "city_as_filed": "BOSTON",
  "url": "https://advisorcensus.com/firm/scs-capital-management-llc-boston-ma-122258",
  "display_name": "SCS Capital Management LLC",
  "summary": "SCS Capital Management LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2002, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 14, 2026.",
  "citation": "AdvisorCensus. SCS Capital Management LLC (CRD 122258): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is SCS Capital Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), SCS Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is SCS Capital Management LLC located?",
      "a": "SCS Capital Management LLC's principal office is in Boston, MA, according to its Form ADV; the August 2026 filing also lists 10 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is SCS Capital Management LLC registered with the SEC or a state?",
      "a": "SCS Capital Management LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 122258."
    },
    {
      "q": "How much does SCS Capital Management LLC manage?",
      "a": "SCS Capital Management LLC reports $48,650,197,284 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (87% discretionary)."
    },
    {
      "q": "How have SCS Capital Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for SCS Capital Management LLC: Regulatory assets under management: $28,956,460,617 in the October 2021 data and $48,650,197,284 in the October 2026 data, up 68%. Total employees: 107 in October 2021 and 213 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does SCS Capital Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (491); pooled investment vehicles (other than investment companies and business development companies) (78); charitable organizations (14)."
    },
    {
      "q": "Which custodians does SCS Capital Management LLC use?",
      "a": "SCS Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does SCS Capital Management 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/122258"
    },
    {
      "q": "What changed in SCS Capital Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name SCS Investment Partners. Employees performing advisory functions went from 98 to 99. Regulatory assets under management went from $43,134,668,533 to $48,650,197,284 (+13%). Changed its office addresses in West Palm Beach, FL. Registered or notice-filed in AR, IA, ID, MN, MT, ND, WV."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 28956460617.0,
      "total_employees": 107,
      "filing_date": "2021-04-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 32181107000.0,
      "total_employees": 115,
      "filing_date": "2022-08-15"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 28982522000.0,
      "total_employees": 130,
      "filing_date": "2023-09-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 30185189000.0,
      "total_employees": 127,
      "filing_date": "2024-07-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 43134668533.0,
      "total_employees": 210,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 48650197284.0,
      "total_employees": 213,
      "filing_date": "2026-07-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name SCS Investment Partners.",
        "Employees performing advisory functions went from 98 to 99.",
        "Regulatory assets under management went from $43,134,668,533 to $48,650,197,284 (+13%).",
        "Changed its office addresses in West Palm Beach, FL.",
        "Registered or notice-filed in AR, IA, ID, MN, MT, ND, WV."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Pershing Advisor Solutions LLC",
      "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC",
      "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/scs-capital-management-llc-boston-ma-122258.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 491,
      "fewer_than_5": false,
      "raum": 30394170683.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 95833758.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 78,
      "fewer_than_5": false,
      "raum": 17007264740.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 14,
      "fewer_than_5": false,
      "raum": 882619368.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 72897549.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 31621261.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 165789925.0
    }
  ],
  "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/122258",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}