{"url":"https://nivawealth.com/firms/every-securities-333167","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/333167","regulatoryAum":122651621,"crd":"333167","history":[{"filedOn":"2025-06-09","regulatoryAum":17422282,"clients":0,"employees":2,"offices":3},{"filedOn":"2026-03-27","regulatoryAum":122651621,"clients":144,"employees":4,"offices":3}],"secFileNumber":"801-131410","legalName":"Every Securities LLC","displayName":"Every Securities","slug":"every-securities-333167","website":"https://every.io/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1401 21st St","city":"Sacramento","state":"CA","stateName":"California","country":"United States","postalCode":"95811"},"tradeNames":[],"registration":{"secApproved":"2 December 2024","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":4,"advisory":1,"brokerDealerReps":1,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":122651621,"discretionary":122651621,"discretionaryAccounts":144,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":0,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"High-net-worth individuals","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Banking or thrift institutions","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"State or municipal government entities","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Other investment advisers","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Insurance companies","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Sovereign wealth funds and foreign official institutions","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Corporations and other businesses","clients":144,"regulatoryAum":122651621}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Atomic Brokerage LLC","shortName":"Atomic Brokerage","location":"New York, NY","smaAssets":122651621},{"name":"Pershing LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":122651621}],"custodyNote":"Every Securities does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Richard Bachman","title":"CCO","crd":"8114326"},{"name":"Rajeev Behera","title":"CEO","crd":"7986974"}],"ownership":[{"label":"Every Securities LLC","detail":"Owner in the 75% or more ownership band and a control person, since August 2024."},{"label":"Rajeev Behera","detail":"Indirect owner: a sole member of every securities llc of Every Securities LLC in the 75% or more band and a control person, since August 2024.","parent":"Every Securities LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":1},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"1401 21st St","city":"Sacramento","headquarters":true},{"street":"2261 Market Street","city":"San Francisco"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"628-227-6078","stateRegisteredReps":1,"otherAdviserReps":1,"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 businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"U.S. government/agency bonds","percent":61},{"label":"Cash and cash equivalents","percent":39}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/333167/PDF/333167.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Every Securities have?","answer":"Every Securities has 144 clients and manages $123 million for them, as of March 2026. They include 144 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Every Securities offer?","answer":"Every Securities provides portfolio management for individuals and small businesses 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 Every Securities use?","answer":"Every Securities’ separately managed account assets are held at Atomic Brokerage LLC (New York, NY), with $123M and Pershing LLC (Jersey City, NJ), with $123M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Every Securities have?","answer":"Every Securities has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 1 perform investment advisory functions. 1 employee is a registered representative 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Every Securities invest in?","answer":"At the end of its last fiscal year, Every Securities’ separately managed accounts held 61% U.S. government and agency bonds and 39% cash and equivalents.","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 Every Securities?","answer":"Every Securities is owned through a holding company by Rajeev Behera. Its direct owner is Every Securities LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Every Securities get paid?","answer":"Every Securities 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":"How do I contact Every Securities?","answer":"Every Securities’ main office is at 1401 21st St, Sacramento, CA 95811. Its phone number is 628-227-6078. Its website is every.io.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"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 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."}