# SL Advisors, LLC

> 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.

- CRD: 151495
- Filed as: SL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: February 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/151495
- AdvisorCensus page: https://advisorcensus.com/firm/sl-advisors-llc-151495

## Quick answers

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

**How much does SL Advisors, LLC charge?**
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.

**Is SL Advisors, LLC registered with the SEC or a state?**
SL Advisors, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 151495.

**How much does SL Advisors, LLC manage?**
SL Advisors, LLC reports $393,263,547 in regulatory assets under management in its Form ADV filing dated February 13, 2026 (100% discretionary).

**How have SL Advisors, LLC's assets and staff changed since 2021?**
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.

**What types of clients does SL Advisors, LLC serve?**
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).

**Which custodians does SL Advisors, LLC use?**
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.

**Does SL Advisors, 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/151495

**Does SL Advisors, LLC state an account minimum?**
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."

**What changed in SL Advisors, LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $445,624,258 to $393,263,547 (-12%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated February 13, 2026)

- Asset-based fee: 1% of assets a year

> The annual fee for the firm's investment supervisory services is 1% of the market value of each client's account.

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $393,263,547
- Discretionary: $393,263,547
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $360,803 |
| High net worth individuals | 47 | $62,340,933 |
| Investment companies | 1 | $327,572,837 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $2,988,974 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2014 (11 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NJ, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- americanenergyindices.com
- sl-advisors.com
- LinkedIn @SL-ADVISORS-LLC
- X @ENERGY_INDICES
- X @Henry M Hoffman
- X @SimonLack

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $140,899,550 | 4 | January 28, 2021 |
| October 2022 | $217,349,624 | 4 | February 14, 2022 |
| October 2023 | $305,886,079 | 5 | February 9, 2023 |
| October 2024 | $313,690,607 | 4 | February 14, 2024 |
| October 2025 | $445,624,258 | 4 | January 23, 2025 |
| October 2026 | $393,263,547 | 4 | February 13, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $445,624,258 to $393,263,547 (-12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SL Advisors, LLC (CRD 151495): Form ADV filing data as of October 2026.