{
  "crd_number": 157107,
  "slug": "tobam-paris-157107",
  "primary_business_name": "TOBAM",
  "legal_name": "TOBAM S.A.S.",
  "dbas": [
    "TOBAM SAS INC",
    "TOBAM SOCIETE PAR ACTIONS SIMPLIFIEE"
  ],
  "city": "Paris",
  "state": null,
  "country": "France",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-05-25",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-06-15",
  "carried_forward": false,
  "raum_total": 1086229287.0,
  "raum_discretionary": 1086229287.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 21,
  "advisory_employees": 8,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 1086229287.0,
      "count": 25
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://linkedin.com/company/tobam",
    "https://tobam.fr"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157107",
  "city_as_filed": "PARIS",
  "url": "https://advisorcensus.com/firm/tobam-paris-157107",
  "display_name": "Tobam",
  "summary": "Tobam is an SEC-registered investment advisory firm in Paris, France, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 15, 2026.",
  "citation": "AdvisorCensus. Tobam (CRD 157107): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "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 Tobam compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Tobam reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Tobam located?",
      "a": "Tobam's principal office is in Paris, France, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Tobam registered with the SEC or a state?",
      "a": "Tobam is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 157107."
    },
    {
      "q": "How much does Tobam manage?",
      "a": "Tobam reports $1,086,229,287 in regulatory assets under management in its Form ADV filing dated June 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have Tobam's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Tobam: Regulatory assets under management: $8,600,839,520 in the October 2021 data and $1,086,229,287 in the October 2026 data, down 87%. Total employees: 43 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 Tobam serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (25)."
    },
    {
      "q": "Does Tobam 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/157107"
    },
    {
      "q": "What changed in Tobam's recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name Tobam Societe PAR Actions Simplifee. No longer lists the business name Tobam SAS Inc.. Added the business name Tobam Societe PAR Actions Simplifiee. Added the business name Tobam SAS Inc. Employees performing advisory functions went from 12 to 8. Regulatory assets under management went from $1,236,783,588 to $1,086,229,287 (-12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 8600839520.0,
      "total_employees": 43,
      "filing_date": "2021-06-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 7492159209.0,
      "total_employees": 43,
      "filing_date": "2022-03-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 4760251770.0,
      "total_employees": 42,
      "filing_date": "2023-03-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3522320819.0,
      "total_employees": 38,
      "filing_date": "2024-06-18"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1236783588.0,
      "total_employees": 26,
      "filing_date": "2025-06-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1086229287.0,
      "total_employees": 21,
      "filing_date": "2026-06-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name Tobam Societe PAR Actions Simplifee.",
        "No longer lists the business name Tobam SAS Inc..",
        "Added the business name Tobam Societe PAR Actions Simplifiee.",
        "Added the business name Tobam SAS Inc.",
        "Employees performing advisory functions went from 12 to 8.",
        "Regulatory assets under management went from $1,236,783,588 to $1,086,229,287 (-12%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/tobam-paris-157107.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 25,
      "fewer_than_5": false,
      "raum": 1086229287.0
    }
  ],
  "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/157107",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}