{
  "crd_number": 151495,
  "slug": "sl-advisors-llc-151495",
  "primary_business_name": "SL ADVISORS, LLC",
  "legal_name": "SL ADVISORS, LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-10-08",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-02-13",
  "carried_forward": false,
  "raum_total": 393263547.0,
  "raum_discretionary": 393263547.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 360803.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 327572837.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 62340933.0,
      "count": 47
    },
    "pooled_investment_vehicles": {
      "raum": 2988974.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "NJ",
    "NY",
    "TX"
  ],
  "websites": [
    "https://americanenergyindices.com",
    "https://linkedin.com/COMPANY/SL-ADVISORS-LLC",
    "https://sl-advisors.com",
    "https://twitter.com/ENERGY_INDICES",
    "https://twitter.com/Henry M Hoffman",
    "https://twitter.com/SimonLack"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/151495",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/sl-advisors-llc-151495",
  "display_name": "SL Advisors, LLC",
  "summary": "SL Advisors, LLC is an SEC-registered investment advisory firm, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 13, 2026.",
  "citation": "AdvisorCensus. SL Advisors, LLC (CRD 151495): 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 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",
    "Publication of periodicals or newsletters"
  ],
  "quick_answers": [
    {
      "q": "How is SL Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), SL Advisors, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does SL Advisors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated February 13, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is SL Advisors, LLC registered with the SEC or a state?",
      "a": "SL Advisors, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 151495."
    },
    {
      "q": "How much does SL Advisors, LLC manage?",
      "a": "SL Advisors, LLC reports $393,263,547 in regulatory assets under management in its Form ADV filing dated February 13, 2026 (100% discretionary)."
    },
    {
      "q": "How have SL Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for SL Advisors, LLC: Regulatory assets under management: $140,899,550 in the October 2021 data and $393,263,547 in the October 2026 data, up 179%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does SL Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (47); investment companies (1); pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Which custodians does SL Advisors, LLC use?",
      "a": "SL Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does SL Advisors, 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/151495"
    },
    {
      "q": "Does SL Advisors, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 13, 2026 says: \"In general, we require a minimum account size of $1,000,000 to open and maintain an advisory account, which may be waived in our discretion.\""
    },
    {
      "q": "What changed in SL Advisors, LLC's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $445,624,258 to $393,263,547 (-12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 140899550.0,
      "total_employees": 4,
      "filing_date": "2021-01-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 217349624.0,
      "total_employees": 4,
      "filing_date": "2022-02-14"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 305886079.0,
      "total_employees": 5,
      "filing_date": "2023-02-09"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 313690607.0,
      "total_employees": 4,
      "filing_date": "2024-02-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 445624258.0,
      "total_employees": 4,
      "filing_date": "2025-01-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 393263547.0,
      "total_employees": 4,
      "filing_date": "2026-02-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $445,624,258 to $393,263,547 (-12%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 13, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": "1% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1% of assets a year"
        ],
        "quotes": [
          "The annual fee for the firm's investment supervisory services is 1% of the market value of each client's account."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "In general, we require a minimum account size of $1,000,000 to open and maintain an advisory account, which may be waived in our discretion."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": null,
          "max": null,
          "rate_pct": 1.0
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The annual fee for the firm's investment supervisory services is 1% of the market value of each client's account.",
      "In general, we require a minimum account size of $1,000,000 to open and maintain an advisory account, which may be waived in our discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/sl-advisors-llc-151495.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": 360803.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 47,
      "fewer_than_5": false,
      "raum": 62340933.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 327572837.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 2988974.0
    }
  ],
  "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/151495",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}