Clients
Cambridge Associates serves 604 clients, 213 of them high-net-worth individuals. The average client has about $541 million with the firm, and high-net-worth clients hold 27% of its $326.7 billion in assets.
- High-net-worth individuals213 clients27%
- Pension and profit-sharing plans34 clients10%
- Charitable organizations306 clients57%
- State or municipal government entities5 clients2%
- Other16 clients3%
- OtherPooled investment vehicles, Corporations and other businesses1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 213 | $87,135,253,275 | 26.7% | $409.1M |
| Pooled investment vehicles | 27 | $729,037,968 | 0.2% | $27.0M |
| Pension and profit-sharing plans | 34 | $34,057,488,569 | 10.4% | $1.00B |
| Charitable organizations | 306 | $185,982,691,991 | 56.9% | $607.8M |
| State or municipal government entities | 5 | $7,156,746,681 | 2.2% | $1.43B |
| Corporations and other businesses | 3 | $1,887,209,040 | 0.6% | $629.1M |
| Other | 16 | $9,750,065,492 | 3.0% | $609.4M |
| Total | 604 | $326,698,493,016 | 100% | $540.9M |
- Clients
- 213
- Regulatory AUM
- $87,135,253,275
- Share
- 26.7%
- Avg. per client
- $409.1M
- Clients
- 27
- Regulatory AUM
- $729,037,968
- Share
- 0.2%
- Avg. per client
- $27.0M
- Clients
- 34
- Regulatory AUM
- $34,057,488,569
- Share
- 10.4%
- Avg. per client
- $1.00B
- Clients
- 306
- Regulatory AUM
- $185,982,691,991
- Share
- 56.9%
- Avg. per client
- $607.8M
- Clients
- 5
- Regulatory AUM
- $7,156,746,681
- Share
- 2.2%
- Avg. per client
- $1.43B
- Clients
- 3
- Regulatory AUM
- $1,887,209,040
- Share
- 0.6%
- Avg. per client
- $629.1M
- Clients
- 16
- Regulatory AUM
- $9,750,065,492
- Share
- 3.0%
- Avg. per client
- $609.4M
Total
- Clients
- 604
- Regulatory AUM
- $326,698,493,016
- Share
- 100%
- Avg. per client
- $540.9M
What it does
Cambridge Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and educational seminars. It is paid through a percentage of assets, hourly charges, subscription fees, fixed fees, performance-based fees and other arrangements.
Cambridge Associates provided financial planning to 1,000 clients last fiscal year and advises 92 private funds.
32.7% of assets ($106.72B across 248 accounts) are managed with discretion; $219.98B across 356 accounts are not. 10% of clients are outside the U.S., and 233 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks10%
- Funds71%
- Pooled vehicles55%
- Registered funds16%
- Bonds5%
- State and local bonds2%
- Investment grade corporate bonds2%
- U.S. government and agency bonds1%
- Cash4%
- Other9%
- Commodities, digital assets and other miscellaneous holdings9%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
Cambridge Associates has custody of $109.21B for 228 clients.
- All other custodians$326.70B100%
Ownership and leadership
Cambridge Associates is owned through a chain of holding companies by James Bailey, Sofina Sa, Francoise Bettencourt Meyers, Xinyi Cai and James N. Bailey 2020 Trust. David Druley is its CEO.
- Owns 10% to 25% of Cambridge Associates, LLC
Cambridge Associates Corp
Control person · since December 2012
- Owns 75% or more of Cambridge Associates Corp
James Bailey
Control person · since December 2012
- Owns 75% or more of Cambridge Associates Corp
James N. Bailey 2020 Trust
since July 2025
- Owns 10% to 25% of Cambridge Associates, LLC
Sofina US LLC
since August 2018
- Owns 75% or more of Sofina US LLC
Sofina Sa
Control person · since May 2018
- Owns 10% to 25% of Cambridge Associates, LLC
Cambridge Associates Partners LP
since January 2019
Cambridge Associates Partners GP LLC
General partner · Control person · since January 2019
- Owns 5% to 10% of Cambridge Associates, LLC
Ca Participation Venture Limited
since June 2000
- Owns 75% or more of Ca Participation Venture Limited
The "J" Fund of the E&a Settlement
Control person · since June 2000
Hudson, Kelvin Mark
Trustee · Control person · since November 2001
Green, Helen Foster
Trustee · Control person · since November 2001
Saffery Champness Trust Corporation
Trustee · Control person · since December 2012
- Owns 5% to 10% of Cambridge Associates, LLC
Platanus Holding LLC
since October 2018
- Owns 75% or more of Platanus Holding LLC
Wu Capital Limited
Control person · since November 2017
- Owns 75% or more of Wu Capital Limited
Zodiac Elements Limited
Control person · since November 2017
- Owns 75% or more of Zodiac Elements Limited
Xinyi Cai
Control person · since November 2017
- Owns 5% to 10% of Cambridge Associates, LLC
Tethys Invest Corp
since October 2018
- Owns 75% or more of Tethys Invest Corp
Tethys Invest Sas
Control person · since October 2018
- Owns 75% or more of Tethys Invest Sas
Tethys Sas
Control person · since December 2015
- Owns 50% to 75% of Tethys Sas
Francoise Bettencourt Meyers
Control person · since September 1996
Leadership
- David DruleyChief Executive Officer and Manager
- Samantha DavidsonPresident and Manager
- Pamela BooneChief Financial Officer and Manager
- Dmitri ShadrinChief Operating Officer
- Sean HannaChief Compliance Officer
- James BaileyManager
- Xavier CoirbayManager
- Yoav GottesmanManager
- Bridget MacaskillChair and Manager
- Matthew RhoadesManager
- Scott ZoltowskiChief Legal Officer
Staff
- 1,116 employees
- 424 in advisory functions
Fees
Cambridge Associates is paid through a percentage of assets under management, hourly charges, subscription fees, fixed fees (other than subscription fees), performance-based fees and other.
Cambridge Associates’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Cambridge Associates has 4 offices, with 5 listed addresses across 5 states.
California · 1 listed address
- 101 California Street, Suite 3300, San Francisco
Massachusetts · 1 listed address
- 115 Federal Street, BostonHQ
New York · 1 listed address
- 437 Madison Avenue, 39th Floor, New York
Texas · 1 listed address
- 2001 Ross Avenue, Ste 2300, Dallas
Virginia · 1 listed address
- 950 North Glebe Road, Suite 200, Arlington
Registration details
- Legal name
- Cambridge Associates, LLC
- Headquarters
- 115 Federal Street, Boston, MA 02110-2112
- Phone
- 617-457-7500
- Website
- www.cambridgeassociates.com
- SEC file
- 801-14255
- Structure
- Massachusetts LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Cambridge Associates have?
Cambridge Associates has 604 clients and manages $326.7 billion for them, as of April 2026. They include 306 charitable organizations, 213 high-net-worth individuals and 34 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 April 2026
What services does Cambridge Associates offer?
Cambridge Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Cambridge Associates have?
Cambridge Associates has 0 investment adviser representatives registered with state securities authorities, out of 1,116 employees, and 424 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Cambridge Associates invest in?
At the end of its last fiscal year, Cambridge Associates’ separately managed accounts held 55% pooled vehicles (private funds and similar), 16% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 9% commodities, digital assets and other miscellaneous holdings, 4% cash and equivalents, 2% state and local bonds, 2% investment grade corporate bonds and 1% U.S. government and agency bonds. It advises 92 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cambridge Associates?
Cambridge Associates is owned through a chain of holding companies by James Bailey, Sofina Sa, Francoise Bettencourt Meyers, Xinyi Cai and James N. Bailey 2020 Trust. Its direct owners are Ca Participation Venture Limited, Cambridge Associates Corp, Sofina US LLC, Platanus Holding LLC, Tethys Invest Corp and Cambridge Associates Partners LP, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 29 April 2026
How does Cambridge Associates get paid?
Cambridge Associates is paid through a percentage of assets under management, hourly charges, subscription fees, fixed fees, performance-based fees and other arrangements. 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