{"url":"https://nivawealth.com/firms/aperio-group-111616","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/111616","regulatoryAum":152125253086,"crd":"111616","secFileNumber":"801-57184","legalName":"Aperio Group, LLC","displayName":"Aperio Group","website":null,"founded":"1999","organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"Three Harbor Drive, Suite 204","city":"Sausalito","state":"CA","stateName":"California","country":"United States","postalCode":"94965"},"tradeNames":[],"registration":{"secApproved":"20 January 2000","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":208,"advisory":88,"brokerDealerReps":38,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":152125253086,"discretionaryAccounts":33901,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":33585154079,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":5717,"regulatoryAum":3470503778},{"label":"High-net-worth individuals","clients":25295,"regulatoryAum":95149020240},{"label":"Banking or thrift institutions","clients":1,"regulatoryAum":440772},{"label":"Investment companies","clients":3,"regulatoryAum":787736394},{"label":"Pooled investment vehicles","clients":12,"regulatoryAum":1986085135},{"label":"Pension and profit-sharing plans","clients":39,"regulatoryAum":134333741},{"label":"Charitable organizations","clients":800,"regulatoryAum":22468498921},{"label":"State or municipal government entities","clients":1,"regulatoryAum":13399807},{"label":"Other investment advisers","clients":8,"regulatoryAum":12405106},{"label":"Insurance companies","clients":1,"regulatoryAum":4081281},{"label":"Corporations and other businesses","clients":151,"regulatoryAum":1946518928},{"label":"Other","clients":1873,"regulatoryAum":26152228983}],"fees":[],"feeNotes":[],"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":50945672439},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":29626780332}],"custodyNote":"Aperio Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Charles Park","title":"Chief Compliance Officer","crd":"2704483"},{"name":"Joseph Devico","title":"Managing Director, Co-Head US Wealth Advisory Business","crd":"2808563"},{"name":"Leshem Ran","title":"Head, Blackrock Sma Solutions","crd":"7342916"},{"name":"Jaime Snoy","title":"Managing Director, Co-Head US Wealth Advisory Business","crd":"4650979"}],"ownership":[{"label":"Aperio Holdings, LLC","detail":"Sole shareholder in the 75% or more ownership band and a control person, since October 2018."},{"label":"Blackrock Investment Management, LLC","detail":"Indirect owner: a sole shareholder of Amethyst Intermediate, LLC in the 75% or more band and a control person, since February 2021.","parent":"Amethyst Intermediate, LLC"},{"label":"Trident Merger, LLC","detail":"Indirect owner: a sole shareholder of Blackrock Investment Management, LLC in the 75% or more band and a control person, since September 2006.","parent":"Blackrock Investment Management, LLC"},{"label":"Blackrock, Inc.","detail":"Indirect owner: a sole shareholder of Blackrock Saturn Subco, LLC in the 75% or more band and a control person, since July 2025.","parent":"Blackrock Saturn Subco, LLC"},{"label":"Blackrock Finance, Inc.","detail":"Indirect owner: a sole shareholder of Trident Merger, LLC in the 75% or more band and a control person, since October 2024.","parent":"Trident Merger, LLC"},{"label":"Amethyst Intermediate, LLC","detail":"Indirect owner: a acquisition vehicle of Aperio Holdings, LLC in the 75% or more band, since February 2021.","parent":"Aperio Holdings, LLC"},{"label":"Blackrock Saturn Subco, LLC","detail":"Indirect owner: a sole shareholder of Blackrock Finance, Inc. in the 75% or more band and a control person, since July 2025.","parent":"Blackrock Finance, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":8,"privateResidences":0},"listedOfficeAddresses":9,"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"Three Harbor Drive, Suite 204","city":"Sausalito","headquarters":true},{"street":"400 Howard Street","city":"San Francisco"}]},{"state":"Colorado","offices":1,"addresses":[{"street":"44 Cook Street","city":"Denver"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"725 Ponce De Leon Ave Ne","city":"Atlanta"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"227 West Monroe Street","city":"Chicago"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"60 State Street","city":"Boston"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"1 University Square Drive","city":"Princeton"}]},{"state":"New York","offices":1,"addresses":[{"street":"50 Hudson Yards","city":"New York"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"2929 Arch Street","city":"Philadelphia"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"415-339-4300","stateRegisteredReps":27,"otherAdviserReps":27,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":91},{"label":"Non-exchange-traded equity securities","percent":8},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"2 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/111616/PDF/111616.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036178","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Aperio Group have?","answer":"Aperio Group has 33,901 clients and manages $152.1 billion for them, as of April 2026. They include 25,295 high-net-worth individuals, 5,717 other individuals and 1,873 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 2 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Aperio Group offer?","answer":"Aperio Group provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Aperio Group use?","answer":"Aperio Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $50,945,672,439 and National Financial Services LLC (Boston, MA), with $29,626,780,332. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Aperio Group have?","answer":"Aperio Group has 27 investment adviser representatives registered with state securities authorities, out of 208 employees, and 88 perform investment advisory functions. 38 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Aperio Group invest in?","answer":"At the end of its last fiscal year, Aperio Group’s separately managed accounts held 91% exchange-traded equities, 8% non-exchange-traded equities and 1% cash and equivalents. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Aperio Group?","answer":"Aperio Group is owned through a chain of holding companies by Blackrock, Inc. Its direct owner is Aperio Holdings, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 2 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Aperio Group get paid?","answer":"Aperio Group is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}