AdvisorCensus / Financial advisors / Texas / San Antonio / U.S. Global Investors, Inc.
U.S. Global Investors, Inc. is an SEC-registered investment advisory firm in San Antonio, TX, registered since 1968, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.
Quick answers
From the filingHow is U.S. Global Investors, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), U.S. Global Investors, Inc. reports these compensation arrangements: a percentage of assets under its management.
Where is U.S. Global Investors, Inc. located?
U.S. Global Investors, Inc.'s principal office is in San Antonio, TX, according to its Form ADV.
Is U.S. Global Investors, Inc. registered with the SEC or a state?
U.S. Global Investors, Inc. is an SEC-registered investment advisory firm, registered since 1968. Status as filed: Approved. CRD 111097.
How much does U.S. Global Investors, Inc. manage?
U.S. Global Investors, Inc. reports $1,671,990,540 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (100% discretionary).
How have U.S. Global Investors, Inc.'s assets and staff changed since 2021?
In the Form ADV data for U.S. Global Investors, Inc.: Regulatory assets under management: $4,229,265,159 in the October 2021 data and $1,671,990,540 in the October 2026 data, down 60%. Total employees: 20 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does U.S. Global Investors, Inc. serve?
By number of clients on Form ADV Item 5.D: investment companies (10); pooled investment vehicles (other than investment companies and business development companies) (1).
Does U.S. Global Investors, Inc. 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/111097
What changed in U.S. Global Investors, Inc.'s recent Form ADV filings?
In the October 2026 filing data: Regulatory assets under management went from $1,323,872,389 to $1,671,990,540 (+26%). Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Regulatory assets under management
Item 5.F$1,671,990,540 as of October 2026, filing dated September 29, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for investment companies (and business development companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1968 (58 years)
- Employees
- Total: 19. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,671,990,540 | 19 | September 29, 2026 |
| October 2025 | $1,562,478,832 | 24 | September 25, 2024 |
| October 2024 | $1,562,478,832 | 24 | September 25, 2024 |
| October 2023 | $2,370,216,554 | 24 | September 30, 2023 |
| October 2022 | $4,229,265,159 | 20 | September 13, 2022 |
| October 2021 | $4,229,265,159 | 20 | September 21, 2021 |
Regulatory assets under management: $4,229,265,159 in the October 2021 data and $1,671,990,540 in the October 2026 data, down 60%.
Total employees: 20 in October 2021 and 19 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- October 2026
- Regulatory assets under management went from $1,323,872,389 to $1,671,990,540 (+26%).
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Employees performing advisory functions went from 6 to 7.
- Regulatory assets under management went from $1,562,478,832 to $1,323,872,389 (-15%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. U.S. Global Investors, Inc. (CRD 111097): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/u-s-global-investors-inc-san-antonio-tx-111097