{"url":"https://nivawealth.com/firms/pzena-investment-management-106847","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106847","regulatoryAum":81440877143,"crd":"106847","secFileNumber":"801-50838","legalName":"Pzena Investment Management LLC","displayName":"Pzena Investment Management","website":"https://www.pzena.com/","linkedinUrl":"https://www.linkedin.com/company/pzena-investment-management/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"320 Park Avenue, 8th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10022"},"tradeNames":[],"registration":{"secApproved":"15 December 1995","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":164,"advisory":55,"brokerDealerReps":16,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":80571190993,"discretionaryAccounts":244,"nonDiscretionary":869686150,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":27,"nonAumClients":45},"clientTypes":[{"label":"Individuals (other than HNW)","clients":8,"regulatoryAum":3365611},{"label":"High-net-worth individuals","clients":36,"regulatoryAum":100736927},{"label":"Investment companies","clients":19,"regulatoryAum":24391513242},{"label":"Pooled investment vehicles","clients":53,"regulatoryAum":35841610521},{"label":"Pension and profit-sharing plans","clients":23,"regulatoryAum":3143988251},{"label":"Charitable organizations","clients":21,"regulatoryAum":419115151},{"label":"State or municipal government entities","clients":29,"regulatoryAum":14484449733},{"label":"Other investment advisers","clients":4,"regulatoryAum":1204683412},{"label":"Insurance companies","clients":6,"regulatoryAum":572606918},{"label":"Sovereign wealth funds and foreign official institutions","clients":1,"regulatoryAum":198996181},{"label":"Corporations and other businesses","clients":45,"regulatoryAum":1079811196}],"fees":[],"feeNotes":[],"custodians":[{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"New York, NY","smaAssets":6718639870},{"name":"Principal Investors Corporation","shortName":"Principal Investors","location":"New York, NY","smaAssets":9990207427}],"custodyNote":"Pzena Investment Management has custody of $424.2M for 4 clients.","otherCustodians":[],"leadership":[{"name":"Chenyu Cai","title":"Chief Executive Officer","crd":"7081330"},{"name":"Allison Fisch","title":"President","crd":"7692654"},{"name":"Jessica Doran","title":"Chief Financial Officer","crd":"6406095"},{"name":"Evan Fire","title":"Chief Operating Officer","crd":"4470526"},{"name":"Steven Coffey","title":"Chief Legal Risk Officer and Chief Compliance Officer","crd":"7692630"},{"name":"Geoffrey Bauer","title":"Chief Legal Officer","crd":"7692631"},{"name":"John Goetz","title":"Co-Chief Investment Officer","crd":"4361133"},{"name":"William Lipsey","title":"Vice Chairman","crd":"1553822"},{"name":"Richard Pzena","title":"Chairman; Co-Chief Investment Officer","crd":"1496566"}],"ownership":[{"label":"Pzena Investment Management, LP","detail":"Member with class b units in the 75% or more ownership band and a control person, since January 2016."},{"label":"Richard Pzena","detail":"Indirect owner: a limited partner of Pzena Investment Management, LP in the 50% to 75% band and a control person, since January 2016.","parent":"Pzena Investment Management, LP"},{"label":"Pzena Investment Management GP, LLC","detail":"Indirect owner: general partner of Pzena Investment Management, LP and a control person, since October 2022.","parent":"Pzena Investment Management, LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"320 Park Avenue, 8th Floor","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-355-1600","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":97},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":6},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106847/PDF/106847.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pzena Investment Management have?","answer":"Pzena Investment Management has 245 clients and manages $81.4 billion for them, as of March 2026. They include 53 pooled investment vehicles, 45 corporations and other businesses and 36 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pzena Investment Management offer?","answer":"Pzena Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles 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 Pzena Investment Management use?","answer":"Pzena Investment Management’s separately managed account assets are held at Principal Investors Corporation (New York, NY), with $9,990,207,427 and The Bank of New York Mellon (New York, NY), with $6,718,639,870. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pzena Investment Management have?","answer":"Pzena Investment Management has 0 investment adviser representatives registered with state securities authorities, out of 164 employees, and 55 perform investment advisory functions. 16 are registered representatives of a broker-dealer and 0 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 Pzena Investment Management invest in?","answer":"At the end of its last fiscal year, Pzena Investment Management’s separately managed accounts held 97% exchange-traded equities, 2% cash and equivalents and 1% non-exchange-traded equities. It advises 6 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":"Who owns Pzena Investment Management?","answer":"Pzena Investment Management is owned through a holding company by Richard Pzena. Its direct owner is Pzena Investment Management, LP (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pzena Investment Management get paid?","answer":"Pzena Investment Management 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","sourceRef":{"doc":"adv1","section":"employees"}}],"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 Wealth 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."}