{
  "crd_number": 151956,
  "slug": "strategic-income-management-llc-seattle-wa-151956",
  "primary_business_name": "STRATEGIC INCOME MANAGEMENT, LLC",
  "legal_name": "STRATEGIC INCOME MANAGEMENT, LLC",
  "dbas": [],
  "city": "Seattle",
  "state": "WA",
  "country": "United States",
  "cbsa_code": "42660",
  "metro": {
    "cbsa_code": "42660",
    "common_name": "Seattle",
    "msa_name": "Seattle-Tacoma-Bellevue, WA",
    "path": "/advisors/wa/seattle"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2010-08-30",
  "years_registered": 16,
  "period": "2026-10-01",
  "filing_date": "2026-08-28",
  "carried_forward": false,
  "raum_total": 3139274177.0,
  "raum_discretionary": 3139274177.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 6,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 210996959.0,
      "count": 2
    },
    "insurance_companies": {
      "raum": 77983492.0,
      "count": 1
    },
    "investment_companies": {
      "raum": 2073583054.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 445571321.0,
      "count": 1
    },
    "sovereign_wealth_foreign_official": {
      "raum": 331139351.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CT",
    "PA",
    "WA"
  ],
  "websites": [
    "https://linkedin.com/company/strategic-income-management-llc",
    "https://sim-llc.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/151956",
  "city_as_filed": "SEATTLE",
  "url": "https://advisorcensus.com/firm/strategic-income-management-llc-seattle-wa-151956",
  "display_name": "Strategic Income Management, LLC",
  "summary": "Strategic Income Management, LLC is an SEC-registered investment advisory firm in Seattle, WA, registered since 2010, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 28, 2026.",
  "citation": "AdvisorCensus. Strategic Income Management, LLC (CRD 151956): 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 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"
  ],
  "quick_answers": [
    {
      "q": "How is Strategic Income Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Strategic Income Management, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Strategic Income Management, LLC located?",
      "a": "Strategic Income Management, LLC's principal office is in Seattle, WA, according to its Form ADV."
    },
    {
      "q": "Is Strategic Income Management, LLC registered with the SEC or a state?",
      "a": "Strategic Income Management, LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 151956."
    },
    {
      "q": "How much does Strategic Income Management, LLC manage?",
      "a": "Strategic Income Management, LLC reports $3,139,274,177 in regulatory assets under management in its Form ADV filing dated August 28, 2026 (100% discretionary)."
    },
    {
      "q": "How have Strategic Income Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Strategic Income Management, LLC: Regulatory assets under management: $1,352,305,755 in the October 2021 data and $3,139,274,177 in the October 2026 data, up 132%. Total employees: 6 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Strategic Income Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (2); investment companies (1); pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Which custodians does Strategic Income Management, LLC use?",
      "a": "Strategic Income Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust, State Street and US Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Strategic Income Management, 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/151956"
    },
    {
      "q": "Does Strategic Income Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated August 28, 2026 says: \"The minimum account size for institutional high yield clients is $15 million. The minimums may be waived or reduced by SiM in its sole discretion.\""
    },
    {
      "q": "What changed in Strategic Income Management, LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1352305755.0,
      "total_employees": 6,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1766272674.0,
      "total_employees": 7,
      "filing_date": "2022-03-03"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1749377902.0,
      "total_employees": 5,
      "filing_date": "2023-02-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1916746586.0,
      "total_employees": 7,
      "filing_date": "2024-03-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2745178839.0,
      "total_employees": 7,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3139274177.0,
      "total_employees": 6,
      "filing_date": "2026-08-28"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $2,745,178,839 to $3,139,274,177 (+14%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 28, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$15,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $15,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum account size for institutional high yield clients is $15 million. The minimums may be waived or reduced by SiM in its sole discretion."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 15000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The minimum account size for institutional high yield clients is $15 million. The minimums may be waived or reduced by SiM in its sole discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Northern Trust",
      "name_as_filed": "NORTHERN TRUST",
      "affiliated": false
    },
    {
      "name": "State Street",
      "name_as_filed": "STATE STREET",
      "affiliated": false
    },
    {
      "name": "US Bank",
      "name_as_filed": "US BANK",
      "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/strategic-income-management-llc-seattle-wa-151956.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 2073583054.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 445571321.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 210996959.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 77983492.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 1,
      "fewer_than_5": false,
      "raum": 331139351.0
    }
  ],
  "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/151956",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}