{"url":"https://nivawealth.com/firms/pear-tree-advisors-104576","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/104576","regulatoryAum":2584388474,"crd":"104576","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"351799","suffix":null,"lastName":"OKUROWSKI","firstName":"LEON","middleName":null},{"crd":"451556","suffix":null,"lastName":"UMPHREY","firstName":"WILLARD","middleName":"LEE"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-20","regulatoryAum":3904247578,"clients":1,"employees":12,"offices":1},{"filedOn":"2021-09-09","regulatoryAum":5820047680,"clients":1,"employees":12,"offices":1},{"filedOn":"2023-08-03","regulatoryAum":4748822712,"clients":1,"employees":10,"offices":1},{"filedOn":"2025-03-03","regulatoryAum":4521591718,"clients":1,"employees":12,"offices":1},{"filedOn":"2025-09-25","regulatoryAum":3089429330,"clients":1,"employees":13,"offices":1},{"filedOn":"2026-09-28","regulatoryAum":2584388474,"clients":1,"employees":12,"offices":1}],"secFileNumber":"801-19222","legalName":"Pear Tree Advisors, Inc.","displayName":"Pear Tree Advisors","slug":"pear-tree-advisors-104576","website":null,"classification":{"segment":"registered_funds","segmentLabel":"Fund management","type":"fund_manager","typeLabel":"Mutual funds & ETFs","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware corporation","fiscalYearEnd":"June","headquarters":{"street":"55 Old Bedford Road, Suite 202","city":"Lincoln","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"01773-1124"},"tradeNames":[],"registration":{"secApproved":"13 June 1983","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":12,"advisory":1,"brokerDealerReps":8,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":2584388474,"discretionary":2584388474,"discretionaryAccounts":1,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":1,"regulatoryAum":2584388474}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Pear Tree Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Marc Griffin","title":"President","crd":"4396039"},{"name":"Leon Okurowski","title":"Director, Vice President, Treasurer and Clerk","crd":"351799"},{"name":"Deborah Kessinger","title":"Chief Compliance Officer","crd":"1801530"},{"name":"Lawrie Okurowski","title":"Owner","crd":"4301888"},{"name":"Willard Umphrey","title":"Director","crd":"451556"},{"name":"Anne Umphrey","title":"Owner","crd":"2328381"}],"ownership":[{"label":"Willard Umphrey","detail":"Director in the 50% to 75% ownership band and a control person, since May 1983."},{"label":"Leon Okurowski","detail":"Director, vice president, treasurer and clerk in the 50% to 75% ownership band and a control person, since May 1983."},{"label":"Anne Umphrey","detail":"Owner in the 50% to 75% ownership band, since July 2000."},{"label":"Lawrie Okurowski","detail":"Owner in the 50% to 75% ownership band, since July 2000."},{"label":"Leon Okurowski Trust U/A DTD 5/14/2014 Leon Okurowski Trustee","detail":"Owner in the 50% to 75% ownership band and a control person, since April 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"55 Old Bedford Road, Suite 202","city":"Lincoln","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"781-259-1144","stateRegisteredReps":3,"otherAdviserReps":1,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for investment companies","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[],"privateFunds":0},"sources":{"adv1FilingDate":"28 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/104576/PDF/104576.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 Pear Tree Advisors have?","answer":"Pear Tree Advisors has 1 client and manages $2.58 billion for them, as of September 2026. They include 1 investment company.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pear Tree Advisors offer?","answer":"Pear Tree Advisors provides portfolio management for investment companies and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Pear Tree Advisors have?","answer":"Pear Tree Advisors has 3 investment adviser representatives registered with state securities authorities, out of 12 employees, and 1 perform investment advisory functions. 8 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pear Tree Advisors?","answer":"Pear Tree Advisors’ direct owners are Willard Umphrey (50% to 75%), Leon Okurowski (50% to 75%), Anne Umphrey (50% to 75%), Lawrie Okurowski (50% to 75%) and Leon Okurowski Trust U/A DTD 5/14/2014 Leon Okurowski Trustee (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pear Tree Advisors get paid?","answer":"Pear Tree Advisors is paid through a percentage of assets under management. 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 Pear Tree Advisors?","answer":"Pear Tree Advisors’ main office is at 55 Old Bedford Road, Suite 202, Lincoln, MA 01773-1124. Its phone number is 781-259-1144.","source":"Form ADV Part 1A, Item 1.F, filed 28 September 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."}