# Vela Investment Management, LLC

> Vela Investment Management, LLC is an SEC-registered investment advisory firm in New Albany, OH, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 22, 2026.

- CRD: 306678
- Filed as: VELA INVESTMENT MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New Albany, OH
- Filing period: October 2026
- Form ADV filing dated: September 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/306678
- AdvisorCensus page: https://advisorcensus.com/firm/vela-investment-management-llc-new-albany-oh-306678

## Quick answers

**How is Vela Investment Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Vela Investment Management, LLC 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.

**Where is Vela Investment Management, LLC located?**
Vela Investment Management, LLC's principal office is in New Albany, OH, according to its Form ADV.

**Is Vela Investment Management, LLC registered with the SEC or a state?**
Vela Investment Management, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 306678.

**How much does Vela Investment Management, LLC manage?**
Vela Investment Management, LLC reports $562,942,488 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (100% discretionary).

**How have Vela Investment Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Vela Investment Management, LLC: Regulatory assets under management: $134,682,208 in the October 2021 data and $562,942,488 in the October 2026 data, up 318%. Total employees: 15 in October 2021 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Vela Investment Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (108); individuals (other than high net worth individuals) (58); charitable organizations (6).

**Which custodians does Vela Investment Management, LLC use?**
Vela Investment Management, 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 Vela Investment Management, 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/306678

**What changed in Vela Investment Management, LLC's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### 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: $562,942,488
- Discretionary: $562,854,270
- Non-discretionary: $88,218

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 58 | $7,109,140 |
| High net worth individuals | 108 | $128,437,251 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $383,870,292 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $12,657 |
| Charitable organizations | 6 | $37,942,641 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 5 | $5,570,507 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Other

### Firm details
- Registered since: 2020 (6 years)
- Employees: 29 total, 23 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, CO, FL, GA, OH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [vela-im.com](https://vela-im.com)
- [velafunds.com](https://velafunds.com)
- LinkedIn @vela-investment-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $134,682,208 | 15 | September 16, 2021 |
| October 2022 | $256,216,754 | 15 | March 28, 2022 |
| October 2023 | $354,237,031 | 24 | August 11, 2023 |
| October 2024 | $397,892,003 | 25 | August 2, 2024 |
| October 2025 | $486,248,768 | 29 | May 8, 2025 |
| October 2026 | $562,942,488 | 29 | September 22, 2026 |

Regulatory assets under management: $134,682,208 in the October 2021 data and $562,942,488 in the October 2026 data, up 318%.
Total employees: 15 in October 2021 and 29 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 14 to 23.
- Regulatory assets under management went from $486,248,768 to $562,942,488 (+16%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Vela Investment Management, LLC (CRD 306678): Form ADV filing data as of October 2026.