Cambiar Investors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. The firm advises 1 private fund.
Cambiar Investors reports 5,622 clients. They include 5,003 individual clients, 251 high-net-worth individuals, and 197 corporations and other businesses. Of its assets, 50.6% ($1.48B across 1,100 accounts) are managed with discretion; $1.44B across 4,523 accounts are not. A wrap fee program the firm both sponsors and manages holds $517M. Of its clients, 1% are outside the U.S. It advised 14 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 89% | 41% |
| High-net-worth individuals | 4% | 21% |
| Investment companies | <1% | 21% |
| Pension and profit-sharing plans | 2% | 5% |
| Charitable organizations | 1% | 3% |
| Other client typesState or municipal government entities; Insurance companies; Corporations and other businesses | 4% | 8% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 5,003 | $1.21B | 41.3% | $241K |
| High-net-worth individuals | 251 | $624M | 21.3% | $2.49M |
| Investment companies | 7 | $622M | 21.3% | $88.9M |
| Pension and profit-sharing plans | 86 | $133M | 4.5% | $1.54M |
| Charitable organizations | 65 | $93.4M | 3.2% | $1.44M |
| State or municipal government entities | 13 | $79.6M | 2.7% | $6.13M |
| Insurance companies | Fewer than 5 | $389K | 0.0% | — |
| Corporations and other businesses | 197 | $165M | 5.6% | $838K |
| Total | 5,622 | $2.92B | 100% | — |
- Clients
- 5,003
- Regulatory AUM
- $1.21B
- AUM share
- 41.3%
- Avg. per client
- $241K
- Clients
- 251
- Regulatory AUM
- $624M
- AUM share
- 21.3%
- Avg. per client
- $2.49M
- Clients
- 7
- Regulatory AUM
- $622M
- AUM share
- 21.3%
- Avg. per client
- $88.9M
- Clients
- 86
- Regulatory AUM
- $133M
- AUM share
- 4.5%
- Avg. per client
- $1.54M
- Clients
- 65
- Regulatory AUM
- $93.4M
- AUM share
- 3.2%
- Avg. per client
- $1.44M
- Clients
- 13
- Regulatory AUM
- $79.6M
- AUM share
- 2.7%
- Avg. per client
- $6.13M
- Clients
- Fewer than 5
- Regulatory AUM
- $389K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 197
- Regulatory AUM
- $165M
- AUM share
- 5.6%
- Avg. per client
- $838K
Total
- Clients
- 5,622
- Regulatory AUM
- $2.92B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 14
- Private funds advised
- 1
Cambiar Investors charges 0.35%–1.00% a year for its Separate Accounts. The fee is billed in advance or in arrears, is negotiable and requires an account of at least $5,000,000.
Fee details and sources
Cambiar Holdings, LLLP owns 75% or more of Cambiar Investors and is in turn owned by Brian Barish (75% or more). The leadership team of Cambiar Investors includes President Brian Barish and Chief Compliance Officer Erin Laffrenzen. It has 28 employees, 8 of them in advisory roles.
Leadership
- Brian BarishPresident/Chief Investment Officer
- Erin LaffrenzenChief Compliance Officer
- Kevin FitzpatrickExecutive Director - Institutional Sales & Client Service
- Jonathan NarracciDirector - Trading
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Brian Mitchell Barish
- Kevin Michael Fitzpatrick
- John Le
Staff
- 28 employees
- 8 in advisory functions
- 3 state-registered reps
- 3 broker-dealer reps
- Owns 75% or more of Cambiar Investors, LLC
Cambiar Holdings, LLLP
Control person · since July 2001
- Owns 75% or more of Cambiar Holdings, LLLP
Brian Barish
Control person · since July 2001
Cambiar Investors’ regulatory assets fell from $6.41B (March 2021) to $2.92B (August 2026); clients fell from 12,957 to 5,622 and employees from 47 to 28.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $2.92B | 5,622 | 28 | 1 |
| March 2025 | $3.25B | 6,626 | 36 | 1 |
| March 2024 | $3.38B | 7,030 | 39 | 1 |
| July 2023 | $3.49B | 7,752 | 42 | 1 |
| March 2022 | $5.7B | 9,622 | 49 | 1 |
| March 2021 | $6.41B | 12,957 | 47 | 1 |
Besides its headquarters, Cambiar Investors has 0 offices, with 1 listed address in Colorado.
Colorado · 1 listed address
- 200 Columbine Street, Suite 800, DenverHQ
Contact and registration details
- Legal name
- Cambiar Investors, LLC
- Headquarters
- 200 Columbine Street, Suite 800, Denver, CO 80206
- Website
- cambiar.com
- Phone
- 888-673-9950
- @cambiar-investors
- SEC file
- 801-60541
- Structure
- Delaware LLC
- Fiscal year end
- December
Cambiar Investors uses Morgan Stanley ($1.44B, 79%) and UBS Financial Services ($380M, 21%) as custodians for its separately managed accounts. Cambiar Investors has custody of $318M in client assets for 1 client.
- Morgan StanleyMorgan Stanley Smith Barney LLC · Purchase, NY · $1.44B79%
- UBS Financial ServicesUBS Financial Services Inc. · Weehawken, NJ · $380M21%
At year end, Cambiar Investors’ separately managed accounts were mostly in stocks (94%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.3B across 150 positions; the largest are Delta Air Lines Inc. (2.9%), Alphabet Inc. (2.8%) and Union Pac Corp. (2.7%).
What the accounts hold
- Stocks94%
- Funds3%
- Cash3%
Reported 13F holdings
- $2.3B
- Reported 13F value
- 150
- Positions
- 25.5%
- In the 10 largest
- +6.7%
- Value vs. prior quarter
- Delta Air Lines Inc.2.9%
- Alphabet Inc. · Cap Stk CL A2.8%
- Union Pac Corp.2.7%
- Bristol-myers Squibb CO2.5%
- Labcorp Holdings Inc. · Com Shs2.5%
- Uber Technologies Inc.2.5%
- PNC Finl Svcs Group Inc.2.5%
- Amrize Ltd2.5%
- Elevance Health Inc. Formerly2.4%
- Amazon Com Inc.2.3%
Together, the ten largest are 25.5% of reported value.
How many clients does Cambiar Investors have?
Cambiar Investors has 5,622 clients and manages $2.92 billion for them, as of August 2026. They include 5,003 individual clients, 251 high-net-worth individuals, and 197 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 August 2026
What services does Cambiar Investors offer?
Cambiar Investors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Cambiar Investors charge?
Cambiar Investors charges 0.35%–1.00% a year for its Separate Accounts. The fee is billed in advance or in arrears, is negotiable and requires an account of at least $5,000,000.
Which custodians does Cambiar Investors use?
Cambiar Investors’ separately managed account assets are held at Morgan Stanley Smith Barney LLC (Purchase, NY), with $1.44B and UBS Financial Services Inc. (Weehawken, NJ), with $380M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 August 2026
How many financial advisors does Cambiar Investors have?
Cambiar Investors has 3 investment adviser representatives registered with state securities authorities, out of 28 employees, and 8 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 0 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cambiar Investors invest in?
At the end of its last fiscal year, Cambiar Investors’ separately managed accounts held 94% exchange-traded equities, 3% registered funds (mutual funds, ETFs, BDCs) and 3% cash and equivalents. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Cambiar Investors have a minimum investment?
Yes, Cambiar Investors’ minimum account size for its Separate Accounts is $5M.
Who owns Cambiar Investors?
Cambiar Investors is owned through a holding company by Brian Barish. Its direct owner is Cambiar Holdings, LLLP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 3 August 2026
How does Cambiar Investors get paid?
Cambiar Investors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Cambiar Investors registered with the SEC?
Yes, Cambiar Investors has been registered with the SEC as an investment adviser since 6 September 2001. Its CRD number is 115093 and its SEC file number is 801-60541.
Source: Form ADV Part 1A, Item 1, filed 3 August 2026; IAPD firm record
How do I contact Cambiar Investors?
Cambiar Investors’ main office is at 200 Columbine Street, Suite 800, Denver, CO 80206. Its phone number is 888-673-9950. Its website is cambiar.com.