# Thayer Partners LLC

> Thayer Partners LLC is an SEC-registered investment advisory firm, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 290734
- Filed as: THAYER PARTNERS LLC
- Also doing business as: LINDER FINANCIAL SERVICES, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/290734
- AdvisorCensus page: https://advisorcensus.com/firm/thayer-partners-llc-290734

## Quick answers

**How is Thayer Partners LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Thayer Partners LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.

**What does Thayer Partners LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Is Thayer Partners LLC registered with the SEC or a state?**
Thayer Partners LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 290734.

**How much does Thayer Partners LLC manage?**
Thayer Partners LLC reports $685,710,296 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (64% discretionary).

**How have Thayer Partners LLC's assets and staff changed since 2021?**
In the Form ADV data for Thayer Partners LLC: Regulatory assets under management: $252,998,010 in the October 2021 data and $685,710,296 in the October 2026 data, up 171%. Total employees: 5 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Thayer Partners LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (212); high net worth individuals (140); pension and profit sharing plans (but not the plan participants or government pension plans) (18).

**Which custodians does Thayer Partners LLC use?**
Thayer Partners 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 Thayer Partners 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/290734

**What changed in Thayer Partners LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $401,277,320 to $685,710,296 (+71%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)

> Wealth management fees range from 0.50% to 1.50% annually based on several factors, including: the complexity of the services to be provided, the level of assets to be managed, and the overall relationship with the Advisor.

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

### 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: $685,710,296
- Discretionary: $438,543,414
- Non-discretionary: $247,166,882

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 212 | $81,885,824 |
| High net worth individuals | 140 | $354,856,862 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 18 | $247,662,377 |
| Corporations or other businesses not listed above | 3 | $1,305,233 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 11 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, FL, GA, IL, IN, MA, MD, ME, NC, NH, PA, SC, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Alpharetta, GA
- Cambridge, MA

### Websites listed on Form ADV (Item 1.I)
- linderfinancial.com
- thayerpartnersllc.com
- Facebook @THAYERPARTNERS
- LinkedIn @thayerpartners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $252,998,010 | 5 | October 1, 2021 |
| October 2022 | $408,661,000 | 6 | June 6, 2022 |
| October 2023 | $400,266,409 | 4 | July 19, 2023 |
| October 2024 | $294,842,324 | 7 | March 18, 2024 |
| October 2025 | $401,277,320 | 12 | May 30, 2025 |
| October 2026 | $685,710,296 | 11 | April 2, 2026 |

Regulatory assets under management: $252,998,010 in the October 2021 data and $685,710,296 in the October 2026 data, up 171%.
Total employees: 5 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $401,277,320 to $685,710,296 (+71%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Thayer Partners LLC (CRD 290734): Form ADV filing data as of October 2026.