AdvisorCensus / Financial advisors / New York / New York / Wahed
Wahed is an SEC-registered investment advisory firm in New York, NY, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 15, 2026.
Quick answers
From the filingHow is Wahed compensated?
On its Form ADV (Item 5.E, October 2026), Wahed reports these compensation arrangements: a percentage of assets under its management.
Where is Wahed located?
Wahed's principal office is in New York, NY, according to its Form ADV.
Is Wahed registered with the SEC or a state?
Wahed is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 242793.
How much does Wahed manage?
Wahed reports $1,286,549,477 in regulatory assets under management in its Form ADV filing dated June 15, 2026 (19% discretionary).
How have Wahed's assets and staff changed since 2021?
In the Form ADV data for Wahed: Regulatory assets under management: $147,086,617 in the October 2021 data and $1,286,549,477 in the October 2026 data, up 775%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Wahed serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (30,377); high net worth individuals (300); investment companies (3).
Which custodians does Wahed use?
Wahed's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Apex Clearing Corporation as a custodian holding 10% or more of its separately managed account assets.
Does Wahed report any disciplinary disclosures?
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order) and 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/242793
What changed in Wahed's recent Form ADV filings?
In the July 2026 filing data: Regulatory assets under management went from $1,136,879,848 to $1,286,549,477 (+13%).
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
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated June 15, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$1,286,549,477 as of October 2026, filing dated June 15, 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 individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Legal name
- Wahed Invest LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2015 (11 years)
- Employees
- Total: 9. Performing investment advisory functions: 1.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
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52 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 112 Reports 2 disclosure items on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of 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 | $1,286,549,477 | 9 | June 15, 2026 |
| October 2025 | $842,599,969 | 9 | April 4, 2025 |
| October 2024 | $523,578,124 | 9 | August 30, 2024 |
| October 2023 | $346,507,450 | 10 | August 3, 2023 |
| October 2022 | $277,736,055 | 5 | June 21, 2022 |
| October 2021 | $147,086,617 | 9 | March 15, 2021 |
Regulatory assets under management: $147,086,617 in the October 2021 data and $1,286,549,477 in the October 2026 data, up 775%.
Total employees: 9 in October 2021 and 9 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- July 2026
- Regulatory assets under management went from $1,136,879,848 to $1,286,549,477 (+13%).
- May 2026
- Item 11 disclosure answers changed: 2 yes answers, previously 1 (now yes: 11.D(2)).
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Regulatory assets under management went from $842,599,969 to $1,136,879,848 (+35%).
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. Wahed (CRD 242793): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/wahed-new-york-ny-242793