# Sovereign Investment Advisors LLC

> Sovereign Investment Advisors LLC is an SEC-registered investment advisory firm in Phoenix, AZ, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 4, 2026.

- CRD: 149040
- Filed as: SOVEREIGN INVESTMENT ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Phoenix, AZ
- Filing period: October 2026
- Form ADV filing dated: June 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/149040
- AdvisorCensus page: https://advisorcensus.com/firm/sovereign-investment-advisors-llc-phoenix-az-149040

## Quick answers

**How is Sovereign Investment Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Sovereign Investment Advisors LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Sovereign Investment Advisors LLC located?**
Sovereign Investment Advisors LLC's principal office is in Phoenix, AZ, according to its Form ADV.

**Is Sovereign Investment Advisors LLC registered with the SEC or a state?**
Sovereign Investment Advisors LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 149040.

**How much does Sovereign Investment Advisors LLC manage?**
Sovereign Investment Advisors LLC reports $3,312,334,304 in regulatory assets under management in its Form ADV filing dated June 4, 2026 (98% discretionary).

**How have Sovereign Investment Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for Sovereign Investment Advisors LLC: Regulatory assets under management: $1,683,425,951 in the October 2021 data and $3,312,334,304 in the October 2026 data, up 97%. Total employees: 6 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Sovereign Investment Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: other (33); individuals (other than high net worth individuals) (4); pension and profit sharing plans (but not the plan participants or government pension plans) (4).

**Which custodians does Sovereign Investment Advisors LLC use?**
Sovereign Investment 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 Sovereign Investment 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/149040

**What changed in Sovereign Investment Advisors LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $2,990,140,818 to $3,312,334,304 (+11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### 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: $3,312,334,304
- Discretionary: $3,259,425,740
- Non-discretionary: $52,908,564

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4 | $1,723,124 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $52,908,564 |
| Other | 33 | $3,257,702,616 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 8 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, NE, OR, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sovereigninvestmentadvisors.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,683,425,951 | 6 | March 23, 2021 |
| October 2022 | $2,208,048,161 | 9 | September 21, 2022 |
| October 2023 | $2,101,596,381 | 9 | August 10, 2023 |
| October 2024 | $2,327,230,630 | 8 | July 29, 2024 |
| October 2025 | $2,990,140,818 | 8 | March 28, 2025 |
| October 2026 | $3,312,334,304 | 8 | June 4, 2026 |

Regulatory assets under management: $1,683,425,951 in the October 2021 data and $3,312,334,304 in the October 2026 data, up 97%.
Total employees: 6 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $2,990,140,818 to $3,312,334,304 (+11%).

### December 2025
- Item 11 disclosure answers changed: 0 yes answers, previously 2 (now no: 11.A(1), 11.A(2)).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sovereign Investment Advisors LLC (CRD 149040): Form ADV filing data as of October 2026.