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They include 537 high-net-worth individuals, 107 individual clients, and 4 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 3 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Elm Partners Management offer?","answer":"Elm Partners Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Elm Partners Management charge?","answer":"Elm Partners Management charges 0.12% a year for its Managed Account Investment Program. The whole portfolio is charged at the rate of its band. The fee is billed in arrears and requires an account of at least $2,000,000.","source":"ELM PARTNERS DISCLOSURE BROCHURE SEPTEMBER 2026, filed 3 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Elm Partners Management use?","answer":"Elm Partners Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $1.15B, Charles Schwab & Co., Inc. (Westlake, TX), with $757M and J.P. Morgan Securities LLC (New York, NY), with $223M. 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 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Elm Partners Management have?","answer":"Elm Partners Management has 7 investment adviser representatives registered with state securities authorities, out of 9 employees, and 7 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Elm Partners Management invest in?","answer":"At the end of its last fiscal year, Elm Partners Management’s separately managed accounts held 94% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities and 1% cash and equivalents. It advises 2 private funds.","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":"Does Elm Partners Management have a minimum investment?","answer":"Yes, Elm Partners Management’s minimum account size for its Managed Account Investment Program is $2M.","source":"ELM PARTNERS DISCLOSURE BROCHURE SEPTEMBER 2026, filed 3 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Elm Partners Management?","answer":"Elm Partners Management’s direct owner is Cygnet Capital LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 3 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Elm Partners Management get paid?","answer":"Elm Partners Management 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"}},{"question":"Is Elm Partners Management registered with the SEC?","answer":"Yes, Elm Partners Management has been registered with the SEC as an investment adviser since 14 May 2013. Its CRD number is 167225 and its SEC file number is 801-78018.","source":"Form ADV Part 1A, Item 1, filed 3 September 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Elm Partners Management?","answer":"Elm Partners Management’s main office is at 50 S 16th St., FL 18 Ste C, Philadelphia, PA 19102. Its phone number is 888-676-3148. 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