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
Sands Capital Management, LLC
Latest filing Jul 28, 2026
First filing on the tape Mar 29, 2012 · 50 filings
SEC status approved since Nov 4, 2005
RAUM
$44B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.3%
$587M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
182
66 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
2
reported on Schedule D
History
50 filings and snapshots on the tape
RAUM$44B as of Jul 28, 2026
Mar 29, 2012$19B then
HNW client RAUM$484M as of Jul 28, 2026
Mar 29, 2018$532M then
State-registered IARs (5.B.3)0 as of Jul 28, 2026
Mar 29, 20120 then
Employees (5.A)182 as of Jul 28, 2026
Mar 27, 201382 then
Private funds2 as of Jul 28, 2026
Mar 31, 20151 then
RAUM -1.9% over the last fiscal year+4.4% a year over threeIARs 0 to 0offices 6 to 5
Practice profile
derived from the filing of Jul 28, 2026; every figure names its basis
- 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
- $13.1MderivedHNW RAUM over HNW clients
- Average account
- $162MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 32%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- -1.9%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- -12%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- $1.1B, 1 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$17B41%
- Investment companies$8.4B20%
- State and municipal entities$5.9B14%
- Pension and profit-sharing plans$3.5B8.5%
- Charitable organizations$3.5B8.5%
- Sovereign wealth funds$1.4B3.3%
- Corporations and businesses$845M2.0%
- High-net-worth individuals$484M1.2%
- Individuals$103M0.2%
- Banks and thrifts$62.8M0.2%
- Insurance companies$60.9M0.1%
- Individual clients
- 55reported
- HNW clients
- 37reported
- Pension plan clients
- 24reported
- Charitable clients
- 31reported
- Accounts
- 274reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.1B for 1 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.01 fund_share=0.58 institutional_share=0.32 related_bd=false related_bank=true 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
- Thomas Merrill Ricketts to Evolutionary Tree Capital Management, LLCMar 31, 2016 · Other
- John K. Freeman to Ravenswood Partners LPJan 5, 2016 · Other
- Mary Elizabeth Williams to SeiaMar 24, 2011 · Other
- Scott Ellis O'Gorman to The Ithaka Group, LLCJan 2, 2008 · Other
- Andrew Joseph Colyer to The Ithaka Group, LLCJan 2, 2008 · Other
Joined, latest
- John K. Freeman from Precursor AdvisorsJan 15, 2008 · Other
- Scott Ellis O'Gorman from Sands Capital Management, LPNov 23, 2005 · Other
- Andrew Joseph Colyer from Sands Capital Management, LPNov 23, 2005 · Other
- Thomas Merrill Ricketts from Sands Capital Management, LPNov 23, 2005 · Other
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Sands Capital Emerging Markets Growth Master Fund, L.P. | Other Private Fund | $751M | 66 | Oct 15, 2014 |
| Sands Capital International Growth Master Fund, L.P. | Other Private Fund | $41.9M | 2 | Mar 27, 2020 |
| Sands Capital Team Fund, L.P. | Other Private Fund | $10.4M | 24 | Mar 29, 2021 |
Owners and control persons
Schedule A and B, latest filing
- Alan Brian Christiansen · Executive Managing Director, Sr. Portfolio Manager, Research Analystcontrolsince 07/2018 · owns less than 5%
- Phillip Andrew Giordano · Executive Managing Director, Business Development And Client Relationscontrolsince 04/2024 · owns less than 5%
- Paul Jonathan Goodman · General Counsel And Secretarycontrolsince 07/2014 · owns less than 5%
- Edward David Levanson · Executive Managing Director, Sr. Portfolio Manager, Research Analystcontrolsince 02/2012 · owns less than 5%
- Marie Dana Mcnamara · Executive Managing Director, Chief Administrative Officercontrolsince 01/2015 · owns less than 5%
- Frew Stephen Nimmo · Executive Managing Director, Business Development And Client Relationscontrolsince 01/2014 · owns less than 5%
- Franz Michael Raab · Executive Managing Director, Director Of Research, Portfolio Manager, Sr. Research Analystcontrolsince 04/2024 · owns less than 5%
- W Ian Ratcliffe · Executive Managing Director, Executive Managing Partnercontrolsince 09/2021 · owns less than 5%
- Melville Frank Sands · Chief Investment Officer, Chief Executive Officercontrolsince 09/2008 · owns less than 5%
- Perry Thomas Williams · Presidentcontrolsince 01/2016 · owns less than 5%
- Melville Frank Sands · Managercontrolsince 03/2022 · owns F of X67fsfam, LLC
- Melville Frank Sands · Managercontrolsince 12/2004 · owns F of Sands Family Trust, LLC
- Melville Frank Sands · Trusteecontrolsince 12/2001 · owns F of Frank M. Sands, Jr. Revocable Trust
- Melville Frank Sands · Managercontrolsince 03/2017 · owns F of 2017 Eagle Holdings LLC
- Rebecca Alexandra Fulk · Chief Compliance Officer, Senior Counselsince 03/2023 · owns less than 5%
Entity owners
- Sands Capital Management, LP · Memberdirect · owns 75% or more
- Sands Family Trust, LLC · Managerdirect · owns less than 5%
- 2017 Eagle Holdings LLC · Memberindirect · owns 75% or more of X67fsfam, LLC
- Frank M. Sands, Jr. Revocable Trust · Memberindirect · owns 25% to 50% of Sands Family Trust, LLC
- Frank M. Sands, Jr. Revocable Trust · Memberindirect · owns 25% to 50% of 2017 Eagle Holdings LLC
- Sands Family Trust, LLC · General Partnerindirect · owns F of Sands Capital Management, LP
- South Dakota Trust Company, LLC · Trusteeindirect · owns F of X67fseni Trust
- South Dakota Trust Company, LLC · Trusteeindirect · owns F of X67fshej Trust
- X67fseni Trust · Memberindirect · owns 50% to 75% of 2017 Eagle Holdings LLC
- X67fsfam, LLC · Partnerindirect · owns 25% to 50% of Sands Capital Management, LP
- X67fshej Trust · Memberindirect · owns 50% to 75% of Sands Family Trust, LLC
Related persons
Schedule D 7.A
- Sands Capital Emerging Markets Growth Fund-Gp Limitedbankpooled vehicle sponsory
- Sands Capital Emerging Markets Growth Fund-Gp, LLCbankpooled vehicle sponsory
- Sands Capital Global Innovation Fund C-1-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund C-1-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund II-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund II-Gp, LLCpooled vehicle sponsorn
- Sands Capital Global Innovation Fund-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund-Public Opportunities-Gp, L.P.pooled vehicle sponsorn
- Sands Capital Global Innovation Fund-Public Opportunities-Gp, LLCpooled vehicle sponsorn
- Sands Capital Global Venture Fund I-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Venture Fund I-Gp, LLCpooled vehicle sponsorn
- Sands Capital Global Venture Fund II-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Venture Fund II-Gp, LLCpooled vehicle sponsorn
- Sands Capital Global Venture Fund III-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Venture Fund III-Gp, LLCpooled vehicle sponsorn
- Sands Capital International Growth Fund-Gp, LLCbankpooled vehicle sponsory
- Sands Capital Life Sciences Pulse Fund C-1-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund C-1-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund II-Gp L.P.bankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund II-Gp LLCpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse III-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse III-Gp, LLCpooled vehicle sponsorn
- Sands Capital Partners Fund-Gp, L.P.pooled vehicle sponsorn
- Sands Capital Partners Fund-Gp, LLCpooled vehicle sponsorn
- Sands Capital Private Growth Fund-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Private Growth Fund-Gp, LLCpooled vehicle sponsorn
- Sands Capital Team Fund-Gp, LLCbankpooled vehicle sponsorn
Advisers that list Sands Capital Management, LLC as a related person
- 155517 n
Offices
Schedule D 1.F, the 25 largest
- San Francisco, CA2 employees
- Fitzrovia London, United Kingdom1 employees
- San Juan, PR1 employees
- Incline Village, NV
- New York, NY
- Singapore, Singapore
What changed
consecutive filings, newest first
- Accounts · 313 to 274Aug 1, 2025 to Mar 30, 2026
- Advisory employees · 64 to 66Aug 1, 2025 to Mar 30, 2026
- Charity clients · 36 to 31Aug 1, 2025 to Mar 30, 2026
- Corporate clients · 58 to 47Aug 1, 2025 to Mar 30, 2026
- HNW clients · 40 to 37Aug 1, 2025 to Mar 30, 2026
- Individual clients · 64 to 55Aug 1, 2025 to Mar 30, 2026
- Pension plan clients · 32 to 24Aug 1, 2025 to Mar 30, 2026
- Pooled vehicle clients · 41 to 40Aug 1, 2025 to Mar 30, 2026
- Assets in custody · $1.3B to $1.1BAug 1, 2025 to Mar 30, 2026
- Employees · 177 to 182Aug 1, 2025 to Mar 30, 2026
- Other offices · 6 to 5Aug 1, 2025 to Mar 30, 2026
- Private funds · 3 to 2Aug 1, 2025 to Mar 30, 2026
- Discretionary RAUM · $45B to $44BAug 1, 2025 to Mar 30, 2026
- HNW RAUM · $501M to $484MAug 1, 2025 to Mar 30, 2026
- Individual RAUM · $110M to $103MAug 1, 2025 to Mar 30, 2026
- Pension RAUM · $4.3B to $3.5BAug 1, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $17B to $17BAug 1, 2025 to Mar 30, 2026
- RAUM · $45B to $44BAug 1, 2025 to Mar 30, 2026
- Accounts · 354 to 313Nov 7, 2024 to Mar 31, 2025
- Advisory employees · 66 to 64Nov 7, 2024 to Mar 31, 2025
- Charity clients · 47 to 36Nov 7, 2024 to Mar 31, 2025
- Corporate clients · 61 to 58Nov 7, 2024 to Mar 31, 2025
- HNW clients · 43 to 40Nov 7, 2024 to Mar 31, 2025
- Individual clients · 74 to 64Nov 7, 2024 to Mar 31, 2025
- Pension plan clients · 43 to 32Nov 7, 2024 to Mar 31, 2025
- Pooled vehicle clients · 43 to 41Nov 7, 2024 to Mar 31, 2025
- Assets in custody · $942M to $1.3BNov 7, 2024 to Mar 31, 2025
- Employees · 181 to 177Nov 7, 2024 to Mar 31, 2025
- Financial planning clients · unset to Nov 7, 2024 to Mar 31, 2025
- Discretionary RAUM · $45B to $45BNov 7, 2024 to Mar 31, 2025
- HNW RAUM · $502M to $501MNov 7, 2024 to Mar 31, 2025
- Individual RAUM · $114M to $110MNov 7, 2024 to Mar 31, 2025
- Pension RAUM · $4.8B to $4.3BNov 7, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $16B to $17BNov 7, 2024 to Mar 31, 2025
- RAUM · $45B to $45BNov 7, 2024 to Mar 31, 2025
- Accounts · 402 to 354Feb 6, 2024 to Mar 27, 2024
- Advisory employees · 70 to 66Feb 6, 2024 to Mar 27, 2024
- Charity clients · 64 to 47Feb 6, 2024 to Mar 27, 2024
- Corporate clients · 68 to 61Feb 6, 2024 to Mar 27, 2024
- HNW clients · 46 to 43Feb 6, 2024 to Mar 27, 2024
Signals
12 dated events
- Phillip Andrew Giordano (Executive Managing Director, Business Development And Client Relations) appeared on Schedule A of Sands Capital Management, LlcApr 23, 2024 · Control person joined · fact
- Franz Michael Raab (Executive Managing Director, Director Of Research, Portfolio Manager, Sr. Research Analyst) appeared on Schedule A of Sands Capital Management, LlcApr 23, 2024 · Control person joined · fact
- Campbell Luke Iglehart (Executive Managing Director, Client And Consultant Relations) no longer on Schedule A of Sands Capital Management, Llc (listed 2024-02-06, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- M Charles Preston (Trustee) no longer on Schedule A of Sands Capital Management, Llc (listed 2024-02-06, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- Sands Capital Management, Llc reported RAUM $38.9B, down 47% from $73.1B (2022-11-07 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Marie Lisa Grozio (Chief Compliance Officer) no longer on Schedule A of Sands Capital Management, Llc (listed 2022-11-07, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- Sands Capital Management, Llc reported 0 state-registered advisory representatives, down from 12 (2022-02-10 to 2022-03-30)Mar 30, 2022 · Advisor headcount change · derived
- Thomas John Elmes (Trustee) no longer on Schedule A of Sands Capital Management, Llc (listed 2022-01-10, absent 2022-02-10)Feb 10, 2022 · Control person left · inference
- Thomas John Elmes (Trustee) appeared on Schedule A of Sands Capital Management, LlcDec 20, 2021 · Control person joined · fact
- W Ian Ratcliffe (Managing Partner) appeared on Schedule A of Sands Capital Management, LlcSep 23, 2021 · Control person joined · fact
- Sands Capital Management, Llc reported RAUM $68.6B, up 54% from $44.6B (2020-06-29 to 2021-03-29)Mar 29, 2021 · RAUM change · derived
- Sands Capital Management, Llc reported RAUM $44.6B, up 26% from $35.4B (2019-09-30 to 2020-03-27)Mar 27, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Sands Capital Management, LLC · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/sands-capital-management/aboutreportedpublic record, Form ADV, Sep 17, 2026
- Website
- SANDSCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (703) 562-4000reportedpublic record, Form ADV, Jul 28, 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
- Other adviserderiveda 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