{ "crd_number": 309966, "slug": "stable-asset-management-lp-new-york-ny-309966", "primary_business_name": "STABLE ASSET MANAGEMENT LP", "legal_name": "STABLE ASSET MANAGEMENT LP", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2020-10-20", "years_registered": 5, "period": "2026-10-01", "filing_date": "2026-06-25", "carried_forward": false, "raum_total": 4600040239.0, "raum_discretionary": 3990571177.0, "raum_non_discretionary": 609469062.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 21, "advisory_employees": 8, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "state_municipal": { "raum": 2812731445.0, "count": 2, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 1177839732.0, "count": 12 }, "sovereign_wealth_foreign_official": { "raum": 609469062.0, "count": 1, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://linkedin.com/company/stableassetmanagement", "https://stableam.com", "https://twitter.com/stable_am" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/309966", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/stable-asset-management-lp-new-york-ny-309966", "display_name": "Stable Asset Management LP", "summary": "Stable Asset Management LP is an SEC-registered investment advisory firm in New York, NY, registered since 2020, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 25, 2026.", "citation": "AdvisorCensus. Stable Asset Management LP (CRD 309966): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Stable Asset Management LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Stable Asset Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "How much does Stable Asset Management LP charge?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.5% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Stable Asset Management LP located?", "a": "Stable Asset Management LP's principal office is in New York, NY, according to its Form ADV; the July 2026 filing also lists 3 other offices (Schedule D, Section 1.F)." }, { "q": "Is Stable Asset Management LP registered with the SEC or a state?", "a": "Stable Asset Management LP is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 309966." }, { "q": "How much does Stable Asset Management LP manage?", "a": "Stable Asset Management LP reports $4,600,040,239 in regulatory assets under management in its Form ADV filing dated June 25, 2026 (87% discretionary)." }, { "q": "How have Stable Asset Management LP's assets and staff changed since 2021?", "a": "In the Form ADV data for Stable Asset Management LP: Regulatory assets under management: $1,648,763,337 in the October 2021 data and $4,600,040,239 in the October 2026 data, up 179%. Total employees: 4 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Stable Asset Management LP serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12); state or municipal government entities (including government pension plans) (2); sovereign wealth funds and foreign official institutions (1)." }, { "q": "Which custodians does Stable Asset Management LP use?", "a": "Stable Asset Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon Asset Servicing, Northern Trust and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Stable Asset Management LP 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/309966" }, { "q": "What changed in Stable Asset Management LP's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 6 to 8. Added an office in West Palm Beach, FL. No longer lists an office in Fort Lauderdale, FL." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1648763337.0, "total_employees": 4, "filing_date": "2021-02-05" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2830825037.0, "total_employees": 15, "filing_date": "2022-09-09" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2980726008.0, "total_employees": 17, "filing_date": "2023-06-21" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3250364191.0, "total_employees": 18, "filing_date": "2024-06-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4346601792.0, "total_employees": 19, "filing_date": "2025-07-29" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4600040239.0, "total_employees": 21, "filing_date": "2026-06-25" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 6 to 8.", "Added an office in West Palm Beach, FL.", "No longer lists an office in Fort Lauderdale, FL." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "0.5% to 2% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 0.5% to 2% a year (a range, as the brochure states it)" ], "quotes": [ "Generally, each year, SAMI Ltd. charges Investors in the Funds a negotiable asset-based management fee ranging from 0.50% to 2.0% of each Investor’s assets that Stable manages through the Funds" ] } ], "values": { "tiers": [], "range_pct": [ 0.5, 2.0 ], "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Generally, each year, SAMI Ltd. charges Investors in the Funds a negotiable asset-based management fee ranging from 0.50% to 2.0% of each Investor’s assets that Stable manages through the Funds" ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "BNY Mellon Asset Servicing", "name_as_filed": "BNY MELLON ASSET SERVICING", "affiliated": false }, { "name": "Northern Trust", "name_as_filed": "NORTHERN TRUST", "affiliated": false }, { "name": "State Street Bank and Trust Company", "name_as_filed": "STATE STREET BANK AND TRUST COMPANY", "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/stable-asset-management-lp-new-york-ny-309966.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 12, "fewer_than_5": false, "raum": 1177839732.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 2, "fewer_than_5": true, "raum": 2812731445.0 }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 1, "fewer_than_5": true, "raum": 609469062.0 } ], "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/309966", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }