# Shorenstein Investment Advisers LLC

> Shorenstein Investment Advisers LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2024, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 328584
- Filed as: SHORENSTEIN INVESTMENT ADVISERS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/328584
- AdvisorCensus page: https://advisorcensus.com/firm/shorenstein-investment-advisers-llc-san-francisco-ca-328584

## Quick answers

**How is Shorenstein Investment Advisers LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Shorenstein Investment Advisers LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**What does Shorenstein Investment Advisers LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Shorenstein Investment Advisers LLC located?**
Shorenstein Investment Advisers LLC's principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Shorenstein Investment Advisers LLC registered with the SEC or a state?**
Shorenstein Investment Advisers LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 328584.

**How much does Shorenstein Investment Advisers LLC manage?**
Shorenstein Investment Advisers LLC reports $787,525,356 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Shorenstein Investment Advisers LLC's assets and staff changed since 2024?**
In the Form ADV data for Shorenstein Investment Advisers LLC: Regulatory assets under management: $753,069,521 in the October 2024 data and $787,525,356 in the October 2026 data, up 5%. Total employees: 45 in October 2024 and 33 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Shorenstein Investment Advisers LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Shorenstein Investment Advisers 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/328584

**Does Shorenstein Investment Advisers LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "The Funds generally have a minimum investment amount of $10 million for third-party investors, and Fund interests are offered and sold solely to accredited investors and qualified purchasers (or qualified knowledgeable Adviser personnel)."

**What changed in Shorenstein Investment Advisers LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 44 to 33. 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
- Performance-based fees

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

- Asset-based fee: 1.5% of assets a year

> The Funds and/or their subsidiaries pay the General Partner (or an affiliate thereof) an annual management fee (the “Management Fee”), payable quarterly in advance, generally equal to ... 1.5% per annum

- Account minimum: $10,000,000

> The Funds generally have a minimum investment amount of $10 million for third-party investors, and Fund interests are offered and sold solely to accredited investors and qualified purchasers (or qualified knowledgeable Adviser personnel).

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

### Regulatory assets under management (Item 5.F)
- Total: $787,525,356
- Discretionary: $787,525,356
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $787,525,356 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 33 total, 33 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- shorenstein.com
- LinkedIn @shorenstein-investment-advisers

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $753,069,521 | 45 | July 12, 2024 |
| October 2025 | $851,870,106 | 44 | March 28, 2025 |
| October 2026 | $787,525,356 | 33 | March 27, 2026 |

Regulatory assets under management: $753,069,521 in the October 2024 data and $787,525,356 in the October 2026 data, up 5%.
Total employees: 45 in October 2024 and 33 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 44 to 33.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shorenstein Investment Advisers LLC (CRD 328584): Form ADV filing data as of October 2026.