# Zenith AM

> Zenith AM is an SEC-registered investment advisory firm in Paris, France, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 173046
- Filed as: ZENITH AM
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Paris, France
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/173046
- AdvisorCensus page: https://advisorcensus.com/firm/zenith-am-paris-173046

## Quick answers

**How is Zenith AM compensated?**
On its Form ADV (Item 5.E, October 2026), Zenith AM reports these compensation arrangements: a percentage of assets under its management; commissions; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Zenith AM located?**
Zenith AM's principal office is in Paris, France, according to its Form ADV.

**Is Zenith AM registered with the SEC or a state?**
Zenith AM is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 173046.

**How much does Zenith AM manage?**
Zenith AM reports $963,634,859 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (100% discretionary).

**How have Zenith AM's assets and staff changed since 2021?**
In the Form ADV data for Zenith AM: Regulatory assets under management: $588,214,122 in the October 2021 data and $963,634,859 in the October 2026 data, up 64%. Total employees: 17 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Zenith AM serve?**
By number of clients on Form ADV Item 5.D: insurance companies (16); pooled investment vehicles (other than investment companies and business development companies) (13); individuals (other than high net worth individuals) (12).

**Does Zenith AM 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/173046

**What changed in Zenith AM's recent Form ADV filings?**
In the May 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $619,235,812 to $963,634,859 (+56%). 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
- Commissions
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $963,634,859
- Discretionary: $963,634,859
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 12 | $5,281,885 |
| High net worth individuals | 3 | $14,453,711 |
| Pooled investment vehicles (other than investment companies and business development companies) | 13 | $589,455,094 |
| Insurance companies | 16 | $326,608,697 |
| Corporations or other businesses not listed above | 9 | $27,835,472 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 18 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NY, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- zenith-am.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $588,214,122 | 17 | March 29, 2021 |
| October 2022 | $625,910,947 | 18 | March 30, 2022 |
| October 2023 | $494,154,316 | 14 | March 29, 2023 |
| October 2024 | $532,442,850 | 14 | March 28, 2024 |
| October 2025 | $619,235,812 | 15 | April 1, 2025 |
| October 2026 | $963,634,859 | 18 | April 2, 2026 |

Regulatory assets under management: $588,214,122 in the October 2021 data and $963,634,859 in the October 2026 data, up 64%.
Total employees: 17 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Employees performing advisory functions went from 7 to 8.
- Regulatory assets under management went from $619,235,812 to $963,634,859 (+56%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Zenith AM (CRD 173046): Form ADV filing data as of October 2026.