{
  "crd_number": 327836,
  "slug": "sphinx-investments-llc-327836",
  "primary_business_name": "SPHINX INVESTMENTS LLC",
  "legal_name": "SPHINX INVESTMENTS LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-05-01",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-04-03",
  "carried_forward": false,
  "raum_total": 46100568.0,
  "raum_discretionary": 46100568.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 3,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 25534304.0,
      "count": 114
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 20566264.0,
      "count": 11
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA",
    "FL",
    "KS",
    "MO",
    "MT",
    "NJ",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://sphinxinvests.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327836",
  "disclosure_items": [
    {
      "item": "11.H(1)(c)",
      "question": "Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?"
    }
  ],
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/sphinx-investments-llc-327836",
  "display_name": "Sphinx Investments LLC",
  "summary": "Sphinx Investments LLC is an SEC-registered investment advisory firm, registered since 2024, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated April 3, 2026.",
  "citation": "AdvisorCensus. Sphinx Investments LLC (CRD 327836): 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": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Sphinx Investments LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Sphinx Investments LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Sphinx Investments LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated April 3, 2026 states: Flat fee: $2,500 to $6,000 (creating client financial plans). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Sphinx Investments LLC registered with the SEC or a state?",
      "a": "Sphinx Investments LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 327836."
    },
    {
      "q": "How much does Sphinx Investments LLC manage?",
      "a": "Sphinx Investments LLC reports $46,100,568 in regulatory assets under management in its Form ADV filing dated April 3, 2026 (100% discretionary)."
    },
    {
      "q": "How have Sphinx Investments LLC's assets and staff changed since 2023?",
      "a": "In the Form ADV data for Sphinx Investments LLC: Regulatory assets under management: $0 in the October 2023 data and $46,100,568 in the October 2026 data. Total employees: 1 in October 2023 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Sphinx Investments LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (114); high net worth individuals (11); investment companies (1)."
    },
    {
      "q": "Does Sphinx Investments LLC report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(1)(c) (regulator's civil action dismissed under a settlement). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/327836"
    },
    {
      "q": "What changed in Sphinx Investments LLC's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(1)(c)). Employees performing advisory functions went from 4 to 2. Regulatory assets under management went from $64,740,000 to $46,100,568 (-29%)."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 1,
      "filing_date": "2023-08-10"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 12570000.0,
      "total_employees": 1,
      "filing_date": "2024-09-09"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 64740000.0,
      "total_employees": 5,
      "filing_date": "2025-04-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 46100568.0,
      "total_employees": 3,
      "filing_date": "2026-04-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(1)(c)).",
        "Employees performing advisory functions went from 4 to 2.",
        "Regulatory assets under management went from $64,740,000 to $46,100,568 (-29%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 3, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $2,500 to $6,000 (creating client financial plans)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $2,500 to $6,000 (creating client financial plans)"
        ],
        "quotes": [
          "The fixed rate for creating client financial plans is between $2,500 and $6,000."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 2500.0,
          "max": 6000.0,
          "period": "one_time",
          "service": "creating client financial plans"
        }
      ]
    },
    "quotes": [
      "The fixed rate for creating client financial plans is between $2,500 and $6,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/sphinx-investments-llc-327836.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 114,
      "fewer_than_5": false,
      "raum": 25534304.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 11,
      "fewer_than_5": false,
      "raum": 20566264.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "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/327836",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}