# TLS Advisors LLC

> TLS Advisors LLC is an SEC-registered investment advisory firm in Miami, FL, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 27, 2026.

- CRD: 286356
- Filed as: TLS ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: August 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/286356
- AdvisorCensus page: https://advisorcensus.com/firm/tls-advisors-llc-miami-fl-286356

## Quick answers

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

**How much does TLS Advisors LLC charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 0.95% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is TLS Advisors LLC located?**
TLS Advisors LLC's principal office is in Miami, FL, according to its Form ADV.

**Is TLS Advisors LLC registered with the SEC or a state?**
TLS Advisors LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 286356.

**How much does TLS Advisors LLC manage?**
TLS Advisors LLC reports $164,036,230 in regulatory assets under management in its Form ADV filing dated August 27, 2026 (100% discretionary).

**How have TLS Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for TLS Advisors LLC: Regulatory assets under management: $215,828,504 in the October 2023 data and $164,036,230 in the October 2026 data, down 24%. Total employees: 10 in October 2023 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does TLS Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does TLS Advisors 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/286356

**What changed in TLS Advisors LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 6. Regulatory assets under management went from $272,063,572 to $164,036,230 (-40%).

## 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 March 27, 2026)

- Asset-based fee: 0.95% of assets a year

> The Management Fee equals an annual rate of 0.95%.

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

### Regulatory assets under management (Item 5.F)
- Total: $164,036,230
- Discretionary: $164,036,230
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $164,036,230 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 10 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | February 26, 2021 |
| October 2022 | Not reported | Not reported | March 29, 2022 |
| October 2023 | $215,828,504 | 10 | June 14, 2023 |
| October 2024 | $239,530,316 | 10 | March 28, 2024 |
| October 2025 | $272,063,572 | 10 | March 28, 2025 |
| October 2026 | $164,036,230 | 10 | August 27, 2026 |

Regulatory assets under management: $215,828,504 in the October 2023 data and $164,036,230 in the October 2026 data, down 24%.
Total employees: 10 in October 2023 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 6.
- Regulatory assets under management went from $272,063,572 to $164,036,230 (-40%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. TLS Advisors LLC (CRD 286356): Form ADV filing data as of October 2026.