# Secondmarket Financial, LLC

> Secondmarket Financial, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 9, 2026.

- CRD: 333332
- Filed as: SECONDMARKET FINANCIAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/333332
- AdvisorCensus page: https://advisorcensus.com/firm/secondmarket-financial-llc-new-york-ny-333332

## Quick answers

**How is Secondmarket Financial, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Secondmarket Financial, LLC reports these compensation arrangements: a percentage of assets under its management; other.

**Where is Secondmarket Financial, LLC located?**
Secondmarket Financial, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Secondmarket Financial, LLC registered with the SEC or a state?**
Secondmarket Financial, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 333332.

**How much does Secondmarket Financial, LLC manage?**
Secondmarket Financial, LLC reports $150,016,040 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (100% discretionary).

**How have Secondmarket Financial, LLC's assets and staff changed since 2025?**
In the Form ADV data for Secondmarket Financial, LLC: Regulatory assets under management: $29,907,776 in the October 2025 data and $150,016,040 in the October 2026 data, up 402%. Total employees: 19 in October 2025 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Secondmarket Financial, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (25).

**Does Secondmarket Financial, 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/333332

**What changed in Secondmarket Financial, LLC's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Regulatory assets under management (Item 5.F)
- Total: $150,016,040
- Discretionary: $150,016,040
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 25 | $150,016,040 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2025 (1 year)
- Employees: 19 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- nasdaqprivatemarket.com
- npm.com
- secondmarket.com
- vimeo.com/nasdaqprivatemarket
- Facebook @NasdaqPrivateMarket
- Instagram @nasdaqprivatemarketofficial
- LinkedIn @nasdaq-private-market
- X @NPM
- YouTube @NasdaqPrivateMarketOfficial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $29,907,776 | 19 | July 3, 2025 |
| October 2026 | $150,016,040 | 19 | July 9, 2026 |

Regulatory assets under management: $29,907,776 in the October 2025 data and $150,016,040 in the October 2026 data, up 402%.
Total employees: 19 in October 2025 and 19 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Regulatory assets under management went from $29,907,776 to $140,616,202 (+370%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Secondmarket Financial, LLC (CRD 333332): Form ADV filing data as of October 2026.