# Strategic Income Management, LLC

> 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.

- CRD: 151956
- Filed as: STRATEGIC INCOME MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: August 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/151956
- AdvisorCensus page: https://advisorcensus.com/firm/strategic-income-management-llc-seattle-wa-151956

## Quick answers

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

**Where is Strategic Income Management, LLC located?**
Strategic Income Management, LLC's principal office is in Seattle, WA, according to its Form ADV.

**Is Strategic Income Management, LLC registered with the SEC or a state?**
Strategic Income Management, LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 151956.

**How much does Strategic Income Management, LLC manage?**
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).

**How have Strategic Income Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Strategic Income Management, LLC serve?**
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).

**Which custodians does Strategic Income Management, LLC use?**
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.

**Does Strategic Income Management, 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/151956

**Does Strategic Income Management, LLC state an account minimum?**
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."

**What changed in Strategic Income Management, LLC's recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## 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 August 28, 2026)

- Account minimum: $15,000,000 (the brochure says it may be waived or negotiated)

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- Northern Trust
- State Street
- US Bank

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: $3,139,274,177
- Discretionary: $3,139,274,177
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $2,073,583,054 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $445,571,321 |
| State or municipal government entities (including government pension plans) | 2 | $210,996,959 |
| Insurance companies | 1 | $77,983,492 |
| Sovereign wealth funds and foreign official institutions | 1 | $331,139,351 |

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

### Firm details
- Registered since: 2010 (16 years)
- Employees: 6 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, PA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sim-llc.com
- LinkedIn @strategic-income-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,352,305,755 | 6 | March 30, 2021 |
| October 2022 | $1,766,272,674 | 7 | March 3, 2022 |
| October 2023 | $1,749,377,902 | 5 | February 28, 2023 |
| October 2024 | $1,916,746,586 | 7 | March 15, 2024 |
| October 2025 | $2,745,178,839 | 7 | March 26, 2025 |
| October 2026 | $3,139,274,177 | 6 | August 28, 2026 |

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.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $2,745,178,839 to $3,139,274,177 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Strategic Income Management, LLC (CRD 151956): Form ADV filing data as of October 2026.