DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Cambridge Associates, LLC

Wealth manager with institutional or fund businessBoston, MassachusettsCRD 104942SEC 801-14255websiteIAPD
Latest filing Apr 29, 2026
First filing on the tape Apr 2, 2012 · 95 filings
SEC status approved since Dec 14, 1978
RAUM
$327B
reported, Item 5.F
Discretionary
33%
of RAUM
Private clients
27%
$87B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
1,116
424 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
92
reported on Schedule D
History
95 filings and snapshots on the tape
RAUM$327B as of Apr 29, 2026
Apr 2, 2012$62B then
HNW client RAUM$87B as of Apr 29, 2026
Mar 31, 2018$51B then
State-registered IARs (5.B.3)0 as of Apr 29, 2026
Apr 2, 20120 then
Employees (5.A)1,116 as of Apr 29, 2026
Apr 1, 2013930 then
Private funds92 as of Apr 29, 2026
Apr 2, 201246 then
RAUM +4.2% over the last fiscal year+5.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 29, 2026; every figure names its basis
Archetypes, each a printed rule
  • Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$409MderivedHNW RAUM over HNW clients
Average account
$541MderivedRAUM over accounts (5.F.2.f)
Discretionary
33%derivedof RAUM
Institutional
70%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived5 offices incl. principal (1.F.5)
RAUM growth, one year
+4.2%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+11%derived
Compensation
percentage of assets, hourly, fixed fees, subscription, performance-based, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisers, publications, educational seminarsreportedItem 5.G
Financial planning clients
1,000reportedItem 5.H
Custody
$109B, 228 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Charitable organizations$186B59%
  • High-net-worth individuals$87B27%
  • Pension and profit-sharing plans$34B11%
  • State and municipal entities$7.2B2.3%
  • Corporations and businesses$1.9B0.6%
  • Pooled investment vehicles$729M0.2%
Individual clients
0reported
HNW clients
213reported
Pension plan clients
34reported
Charitable clients
306reported
Accounts
604reported
Financial planning clients
1,000reported
Wrap fee programs
noreported
Custody of client assets
$109B for 228 clientsreported
Compensation
% of AUM, fixed, hourly, performancereported
Class basis
private_client_share=0.27 fund_share=0.0 institutional_share=0.7 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      143 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Ca 1857no longer reportedHedge Fund$5.3B6Mar 30, 2016
      Ca 2961$2.6B2Apr 29, 2026
      Ca 2082no longer reportedHedge Fund$1.8B1Mar 30, 2016
      Ca 2596Other Private Fund$1.3B3May 29, 2019
      Ca 0913$1.0B6Apr 29, 2026
      Fission And Fusion, LPOther Private Fund$1.0B2Aug 29, 2023
      Rwf Fund, LPno longer reportedOther Private Fund$850M2Apr 2, 2012
      Uaf Fund, LP - Pe Class SeriesOther Private Fund$824M2Apr 2, 2012
      Cn Investment Fund I LPOther Private Fund$815M2Feb 28, 2018
      Ca 1344Other Private Fund$738M11Apr 2, 2012
      Ca 2271Other Private Fund$716M4Mar 30, 2016
      Chcf Fund LP$647M2Apr 29, 2026
      Ca 2004no longer reportedHedge Fund$608M5Mar 31, 2014
      Pwf Fund, LPno longer reportedHedge Fund$566M2Mar 1, 2021
      Ca 2081no longer reportedHedge Fund$549M6Mar 28, 2013
      Pwf Fund, LPOther Private Fund$526M2Mar 31, 2022
      University Of Alaska Foundation Consolidated Endowment Fund, L.P.Other Private Fund$507M2Mar 31, 2014
      Ca 2915$416M0Apr 29, 2026
      Uncg Endowment Partners, L.P.no longer reportedOther Private Fund$391M2Mar 31, 2014
      Ca 1481no longer reportedOther Private Fund$384M18Apr 2, 2012
      Sherwood Sif, LPOther Private Fund$375M1Nov 23, 2021
      Woodtiger, L.P.Other Private Fund$332M2Mar 31, 2014
      Uaf Fund, LP - Hf Class SeriesOther Private Fund$309M2Apr 2, 2012
      The Ignatius Fund, LLCOther Private Fund$296M2Mar 31, 2014
      Ca 1101Other Private Fund$296M8Apr 2, 2012
      The Fletcher Jones Foundation Fund, LPOther Private Fund$293M2May 25, 2018
      Arlington Fund I, LLC - Ocf Seriesno longer reportedHedge Fund$293M2Apr 2, 2012
      Ca 2583Other Private Fund$279M3Nov 27, 2018
      St. Luke'S Foundation Sif, LPOther Private Fund$279M2Feb 28, 2018
      Ca 2915 C$245M18Apr 29, 2026
      Saint Francis Foundation Fund, LPOther Private Fund$245M2Aug 25, 2015
      Pga Sif, L.P.Other Private Fund$233M2Mar 31, 2014
      Citw Fund, LPOther Private Fund$233M1Nov 24, 2014
      Pace University Fund, L.P.Other Private Fund$224M2Mar 31, 2014
      Owu Fund, LPOther Private Fund$190M2Apr 2, 2012
      Ca 1495no longer reportedHedge Fund$184M4Apr 2, 2012
      California Academy Of Sciences Endolith Endowment Fund, LPno longer reportedHedge Fund$183M2Feb 20, 2015
      Khf Fund, L.P.no longer reportedHedge Fund$182M2Nov 22, 2016
      Bvu Fund, L.P.Other Private Fund$177M2Mar 31, 2014
      Mercury Fund II, LPOther Private Fund$177M2Aug 25, 2015
      All funds of Cambridge Associates, LLC
      Owners and control persons
      Schedule A and B, latest filing
      • Nathan James Bailey · Managercontrol
        since 06/2000 · owns less than 5%
      • J Pamela Boone · Chief Financial Officer And Managercontrol
        since 06/2022 · owns less than 5%
      • Paul Francois Xavier Coirbay · Managercontrol
        since 09/2018 · owns less than 5%
      • Schutte Samantha Davidson · President And Managercontrol
        since 07/2023 · owns less than 5%
      • Ryan David Druley · Chief Executive Officer And Managercontrol
        since 07/2016 · owns less than 5%
      • Yoav Gottesman · Managercontrol
        since 10/2024 · owns less than 5%
      • Ann Bridget Macaskill · Chair And Managercontrol
        since 09/2018 · owns less than 5%
      • Matthew Rhoades · Managercontrol
        since 09/2022 · owns less than 5%
      • Nathan James Bailey · President And Directorcontrol
        since 12/2012 · owns 75% or more of Cambridge Associates Corp
      • Francoise Bettencourt Meyers · Shareholdercontrol
        since 09/1996 · owns 50% to 75% of Tethys Sas
      • Xinyi Cai · Shareholdercontrol
        since 11/2017 · owns 75% or more of Zodiac Elements Limited
      • F Sean Hanna · Chief Compliance Officer
        since 08/2015 · owns less than 5%
      • Dmitri Shadrin · Chief Operating Officer
        since 02/2024 · owns less than 5%
      • Michael Scott Zoltowski · Chief Legal Officer
        since 06/2017 · owns less than 5%
      Entity owners
      • Cambridge Associates Corp · Member
        direct · owns 10% to 25%
      • Cambridge Associates Partners Gp LLC · General Partner
        indirect · owns F of Cambridge Associates Partners LP
      • Green, Helen Foster · Trustee
        indirect · owns F of The "J" Fund Of The E&A Settlement
      • Hudson, Kelvin Mark · Trustee
        indirect · owns F of The "J" Fund Of The E&A Settlement
      • Saffery Champness Trust Corporation · Trustee
        indirect · owns F of The "J" Fund Of The E&A Settlement
      • Sofina Sa · Member
        indirect · owns 75% or more of Sofina US LLC
      • Tethys Invest Sas · Shareholder
        indirect · owns 75% or more of Tethys Invest Corp
      • Tethys Sas · Shareholder
        indirect · owns 75% or more of Tethys Invest Sas
      • The "J" Fund Of The E&A Settlement · Shareholder
        indirect · owns 75% or more of Ca Participation Venture Limited
      • Wu Capital Limited · Member
        indirect · owns 75% or more of Platanus Holding LLC
      • Zodiac Elements Limited · Shareholder
        indirect · owns 75% or more of Wu Capital Limited
      • Ca Participation Venture Limited · Member
        direct · owns 5% to 10%
      • Cambridge Associates Partners LP · Partnership Holding Vehicle
        direct · owns 10% to 25%
      • Platanus Holding LLC · Member
        direct · owns 5% to 10%
      • Sofina US LLC · Member
        direct · owns 10% to 25%
      • Tethys Invest Corp · Member
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • Brook Street Limited
        pooled vehicle sponsory
      • Cambridge Associates (Hong Kong) Private Limited
        investment advisery
      • Cambridge Associates Asia Pte Ltd
        investment advisery
      • Cambridge Associates Gmbh
        investment adviserLP sponsory
      • Cambridge Associates Investment Consultancy (Beijing) Ltd.
        investment advisery
      • Cambridge Associates Limited
        investment adviserLP sponsory
      • Cambridge Associates Limited, LLC
        investment adviserLP sponsoryRAUM $8.2B
      • Cambridge Associates Resources, LLC
        pooled vehicle sponsory
      • Church Green Limited
        pooled vehicle sponsory
      • Siglo Capital Advisors Ag
        investment adviserLP sponsory
      Advisers that list Cambridge Associates, LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Arlington, VA95 employees
      • San Francisco, CA44 employees
      • Dallas, TX16 employees
      • New York, NY4 employees
      ADV anomalies
      6 against comparable advisers; where to look, not conclusions
      • unusually large average accountStatic outlier · filing Apr 29, 2026
        RAUM per account of $540,891,545 against a peer median of $1,921,640 (83 comparable advisers, 100.0th percentile, 227.4 robust deviations)
        peers: independent wealth managers, $20B and over (83) · 100% percentile
      • unusually large average HNW clientStatic outlier · filing Apr 29, 2026
        HNW RAUM per HNW client of $409,085,696 against a peer median of $5,010,783 (80 comparable advisers, 100.0th percentile, 86.8 robust deviations)
        peers: independent wealth managers, $20B and over (80) · 100% percentile
      • high institutional concentrationStatic outlier · filing Apr 29, 2026
        institutional share of RAUM of 70% against a peer median of 7% (84 comparable advisers, 100.0th percentile, 8.1 robust deviations)
        peers: independent wealth managers, $20B and over (84) · 100% percentile
      • control person changedChange between filings · filing Apr 29, 2026
        MACASKILL, BRIDGET, ANN (CHAIR AND MANAGER) left Schedule A between the filings of 2024-12-10 and 2026-04-29
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Apr 29, 2026
        BETTENCOURT MEYERS, FRANCOISE (SHAREHOLDER) left Schedule A between the filings of 2024-12-10 and 2026-04-29
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Apr 29, 2026
        CAI, XINYI (SHAREHOLDER) left Schedule A between the filings of 2024-12-10 and 2026-04-29
        peers: independent wealth managers, $20B and over (84)
      What changed
      consecutive filings, newest first
      • Accounts · 575 to 604
        Aug 4, 2025 to Mar 31, 2026
      • Advisory employees · 437 to 424
        Aug 4, 2025 to Mar 31, 2026
      • Charity clients · 300 to 306
        Aug 4, 2025 to Mar 31, 2026
      • HNW clients · 192 to 213
        Aug 4, 2025 to Mar 31, 2026
      • Pension plan clients · 43 to 34
        Aug 4, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 19 to 27
        Aug 4, 2025 to Mar 31, 2026
      • Assets in custody · $137B to $109B
        Aug 4, 2025 to Mar 31, 2026
      • Employees · 1,087 to 1,116
        Aug 4, 2025 to Mar 31, 2026
      • Private funds · 86 to 92
        Aug 4, 2025 to Mar 31, 2026
      • Discretionary RAUM · $101B to $107B
        Aug 4, 2025 to Mar 31, 2026
      • HNW RAUM · $80B to $87B
        Aug 4, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $212B to $220B
        Aug 4, 2025 to Mar 31, 2026
      • Pension RAUM · $46B to $34B
        Aug 4, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $501M to $729M
        Aug 4, 2025 to Mar 31, 2026
      • RAUM · $314B to $327B
        Aug 4, 2025 to Mar 31, 2026
      • Financial planning clients · More than 500 to More than 500
        Apr 30, 2025 to Jul 25, 2025
      • Accounts · 556 to 575
        Feb 28, 2025 to Apr 30, 2025
      • Advisory employees · 457 to 437
        Feb 28, 2025 to Apr 30, 2025
      • Charity clients · 298 to 300
        Feb 28, 2025 to Apr 30, 2025
      • HNW clients · 182 to 192
        Feb 28, 2025 to Apr 30, 2025
      • Pension plan clients · 36 to 43
        Feb 28, 2025 to Apr 30, 2025
      • Assets in custody · $88B to $137B
        Feb 28, 2025 to Apr 30, 2025
      • Employees · 1,098 to 1,087
        Feb 28, 2025 to Apr 30, 2025
      • Private funds · 83 to 86
        Feb 28, 2025 to Apr 30, 2025
      • Discretionary RAUM · $86B to $101B
        Feb 28, 2025 to Apr 30, 2025
      • HNW RAUM · $65B to $80B
        Feb 28, 2025 to Apr 30, 2025
      • Non-discretionary RAUM · $196B to $212B
        Feb 28, 2025 to Apr 30, 2025
      • Pension RAUM · $42B to $46B
        Feb 28, 2025 to Apr 30, 2025
      • Pooled vehicle RAUM · $505M to $501M
        Feb 28, 2025 to Apr 30, 2025
      • RAUM · $282B to $314B
        Feb 28, 2025 to Apr 30, 2025
      • Private funds · 77 to 83
        Dec 11, 2024 to Feb 28, 2025
      • Accounts · 586 to 556
        Feb 7, 2024 to Mar 28, 2024
      • Advisory employees · 463 to 457
        Feb 7, 2024 to Mar 28, 2024
      • Charity clients · 312 to 298
        Feb 7, 2024 to Mar 28, 2024
      • Corporate clients · unset to 3.0
        Feb 7, 2024 to Mar 28, 2024
      • HNW clients · 206 to 182
        Feb 7, 2024 to Mar 28, 2024
      • Pension plan clients · 30 to 36
        Feb 7, 2024 to Mar 28, 2024
      • Pooled vehicle clients · 17 to 19
        Feb 7, 2024 to Mar 28, 2024
      • Assets in custody · $56B to $88B
        Feb 7, 2024 to Mar 28, 2024
      • Employees · 1,154 to 1,098
        Feb 7, 2024 to Mar 28, 2024
      Signals
      18 dated events
      • Aron Balas (Manager) no longer on Schedule A of Cambridge Associates, Llc (listed 2024-11-20, absent 2024-12-10)
        Dec 10, 2024 · Control person left · inference
      • Yoav Gottesman (Manager) appeared on Schedule A of Cambridge Associates, Llc
        Dec 10, 2024 · Control person joined · fact
      • Schutte Samantha Davidson (President And Manager) appeared on Schedule A of Cambridge Associates, Llc
        Jul 17, 2023 · Control person joined · fact
      • Dominick Noel Oneill (President And Manager) no longer on Schedule A of Cambridge Associates, Llc (listed 2023-07-10, absent 2023-07-17)
        Jul 17, 2023 · Control person left · inference
      • Matthew Rhoades (Manager) appeared on Schedule A of Cambridge Associates, Llc
        Sep 1, 2022 · Control person joined · fact
      • Jonathan Francesco Goedhuis (Manager) no longer on Schedule A of Cambridge Associates, Llc (listed 2022-05-31, absent 2022-07-25)
        Jul 25, 2022 · Control person left · inference
      • Aron Balas (Manager) appeared on Schedule A of Cambridge Associates, Llc
        Jul 25, 2022 · Control person joined · fact
      • Jonathan Francesco Goedhuis (Manager) appeared on Schedule A of Cambridge Associates, Llc
        Mar 9, 2022 · Control person joined · fact
      • Andrew John Macdonald (Manager) no longer on Schedule A of Cambridge Associates, Llc (listed 2021-10-13, absent 2021-10-29)
        Oct 29, 2021 · Control person left · inference
      • Andrew John Macdonald (Manager) appeared on Schedule A of Cambridge Associates, Llc
        Oct 13, 2021 · Control person joined · fact
      • David Corey Biggs (Manager) no longer on Schedule A of Cambridge Associates, Llc (listed 2021-08-31, absent 2021-09-02)
        Sep 2, 2021 · Control person left · inference
      • Andrew John Macdonald (Manager) no longer on Schedule A of Cambridge Associates, Llc (listed 2021-04-01, absent 2021-08-31)
        Aug 31, 2021 · Control person left · inference
      • David Corey Biggs (Manager) appeared on Schedule A of Cambridge Associates, Llc
        Aug 31, 2021 · Control person joined · fact
      • Cambridge Associates, Llc reported RAUM $238.5B, up 30% from $183.5B (2021-03-01 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Armstrong Philip Walton (Manager) no longer on Schedule A of Cambridge Associates, Llc (listed 2019-11-26, absent 2020-02-27)
        Feb 27, 2020 · Control person left · inference
      • Cambridge Associates, Llc reported RAUM $210.3B, up 40% from $149.9B (2019-02-26 to 2019-03-30)
        Mar 30, 2019 · RAUM change · derived
      • Armstrong Philip Walton (Manager) appeared on Schedule A of Cambridge Associates, Llc
        Feb 26, 2019 · Control person joined · fact
      • Dominick Noel Oneill (President) appeared on Schedule A of Cambridge Associates, Llc
        Feb 25, 2019 · Control person joined · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      LINKEDIN.COM/COMPANY/6987reportedpublic record, Form ADV, Sep 17, 2026
      Website
      CAMBRIDGEASSOCIATES.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      617-457-7500reportedpublic record, Form ADV, Apr 29, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026