{ "crd_number": 140522, "slug": "twin-focus-capital-partners-llc-boston-ma-140522", "primary_business_name": "TWIN FOCUS CAPITAL PARTNERS, LLC", "legal_name": "TWIN FOCUS CAPITAL PARTNERS, LLC", "dbas": [ "TWINFOCUS" ], "city": "Boston", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2006-05-23", "years_registered": 20, "period": "2026-10-01", "filing_date": "2026-04-30", "carried_forward": false, "raum_total": 4584699376.0, "raum_discretionary": 3500126947.0, "raum_non_discretionary": 1084572429.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 37, "advisory_employees": 18, "client_count_bucket": null, "clients_by_type": { "other": { "raum": 20174244.0, "count": 2, "description": "INSTITUTIONAL" }, "individuals": { "raum": 617424.0, "count": 1 }, "high_net_worth_individuals": { "raum": 4508632510.0, "count": 74 }, "pooled_investment_vehicles": { "raum": 55275198.0, "count": 6 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "financial_planning", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CO", "FL", "MA", "NH", "TX" ], "websites": [ "https://linkedin.com/company/tfrp", "https://linkedin.com/company/twin-focus-capital-partners-llc", "https://twinfocus.com", "https://twinfocusrealty.com", "https://x.com/TwinFocusCap" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140522", "city_as_filed": "BOSTON", "url": "https://advisorcensus.com/firm/twin-focus-capital-partners-llc-boston-ma-140522", "display_name": "Twin Focus Capital Partners, LLC", "summary": "Twin Focus Capital Partners, LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.", "citation": "AdvisorCensus. Twin Focus Capital Partners, LLC (CRD 140522): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)", "Performance-based fees" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Twin Focus Capital Partners, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Twin Focus Capital Partners, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Twin Focus Capital Partners, LLC located?", "a": "Twin Focus Capital Partners, LLC's principal office is in Boston, MA, according to its Form ADV." }, { "q": "Is Twin Focus Capital Partners, LLC registered with the SEC or a state?", "a": "Twin Focus Capital Partners, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 140522." }, { "q": "How much does Twin Focus Capital Partners, LLC manage?", "a": "Twin Focus Capital Partners, LLC reports $4,584,699,376 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (76% discretionary)." }, { "q": "How have Twin Focus Capital Partners, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Twin Focus Capital Partners, LLC: Regulatory assets under management: $3,029,760,000 in the October 2021 data and $4,584,699,376 in the October 2026 data, up 51%. Total employees: 31 in October 2021 and 37 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Twin Focus Capital Partners, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (74); pooled investment vehicles (other than investment companies and business development companies) (6); other (2)." }, { "q": "Which custodians does Twin Focus Capital Partners, LLC use?", "a": "Twin Focus Capital Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., National Financial Services LLC and Vanguard Marketing Corporation as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Twin Focus Capital Partners, 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/140522" }, { "q": "What changed in Twin Focus Capital Partners, LLC's recent Form ADV filings?", "a": "In the May 2026 filing data: Employees performing advisory functions went from 16 to 18. Regulatory assets under management went from $4,048,279,609 to $4,584,699,376 (+13%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3029760000.0, "total_employees": 31, "filing_date": "2021-08-05" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3443575867.0, "total_employees": 37, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3008921376.0, "total_employees": 35, "filing_date": "2023-05-03" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3585714962.0, "total_employees": 37, "filing_date": "2024-07-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4048279609.0, "total_employees": 37, "filing_date": "2025-07-03" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4584699376.0, "total_employees": 37, "filing_date": "2026-04-30" } ], "recent_changes": [ { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Employees performing advisory functions went from 16 to 18.", "Regulatory assets under management went from $4,048,279,609 to $4,584,699,376 (+13%)." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer registered or notice-filed in NY." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "National Financial Services LLC", "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC", "affiliated": false }, { "name": "Vanguard Marketing Corporation", "name_as_filed": "VANGUARD MARKETING CORPORATION", "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/twin-focus-capital-partners-llc-boston-ma-140522.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 1, "fewer_than_5": false, "raum": 617424.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 74, "fewer_than_5": false, "raum": 4508632510.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 6, "fewer_than_5": false, "raum": 55275198.0 }, { "type": "other", "label": "Other", "count": 2, "fewer_than_5": false, "raum": 20174244.0 } ], "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/140522", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }