{"url":"https://nivawealth.com/firms/sisung-investment-management-services-107318","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107318","regulatoryAum":1943099882,"crd":"107318","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6604469","suffix":null,"lastName":"Chapman","firstName":"John","middleName":"Arthur"},{"crd":"1285539","suffix":"JR","lastName":"SISUNG","firstName":"LAWRENCE","middleName":"JOHN"},{"crd":"1790087","suffix":"III","lastName":"SISUNG","firstName":"LAWRENCE","middleName":"JOHN"},{"crd":"1990367","suffix":null,"lastName":"SISUNG","firstName":"ROBERT","middleName":"LANE"},{"crd":"2029652","suffix":null,"lastName":"SOLARES","firstName":"RICHARD","middleName":"LOUIS"},{"crd":"5838200","suffix":null,"lastName":"WEINSTEIN","firstName":"MICHAEL","middleName":"WASSNER"}],"total":6,"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":"2021-03-31","regulatoryAum":1638019700,"clients":12,"employees":7,"offices":1},{"filedOn":"2022-05-02","regulatoryAum":1597603745,"clients":12,"employees":7,"offices":1},{"filedOn":"2023-03-29","regulatoryAum":1954920079,"clients":12,"employees":7,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":2000884017,"clients":12,"employees":7,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":1953375257,"clients":12,"employees":7,"offices":1},{"filedOn":"2026-08-24","regulatoryAum":1943099882,"clients":13,"employees":7,"offices":1}],"secFileNumber":"801-49929","legalName":"Sisung Investment Management Services LLC","displayName":"Sisung Investment Management Services","slug":"sisung-investment-management-services-107318","website":"https://sisunginvestments.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Louisiana limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3850 N. Causeway BLVD., Suite 1930","city":"Metairie","state":"LA","stateName":"Louisiana","country":"United States","postalCode":"70002"},"tradeNames":["Sims"],"registration":{"secApproved":"18 August 1995","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":7,"advisory":4,"brokerDealerReps":6,"insuranceAgents":0,"promoters":2},"aum":{"regulatory":1943099882,"discretionary":1940324945,"discretionaryAccounts":11,"nonDiscretionary":2774937,"nonDiscretionaryAccounts":2,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"State or municipal government entities","clients":13,"regulatoryAum":1943099882}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Sisung Investment Management Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Richard Solares","title":"President / CEO / CCO / COO","crd":"2029652"}],"ownership":[{"label":"Sisung Holdings, LLC","detail":"Holding company 100% owner of sims in the 75% or more ownership band, since June 2017."},{"label":"L. J. Sisung Company","detail":"Indirect owner: a l. j. sisung is 49% beneficial owner of Sisung Holdings, LLC in the 25% to 50% band and a control person, since June 2017.","parent":"Sisung Holdings, LLC"},{"label":"R. L. Sisung Company","detail":"Indirect owner: a r.l. sisung is 51% beneficial owner of Sisung Holdings, LLC in the 50% to 75% band and a control person, since June 2017.","parent":"Sisung Holdings, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Louisiana","offices":1,"addresses":[{"street":"3850 N. Causeway BLVD., Suite 1930","city":"Metairie","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"504-544-7700","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"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":46},{"label":"U.S. state and local bonds","percent":47},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":0},"sources":{"adv1FilingDate":"24 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107318/PDF/107318.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 Sisung Investment Management Services have?","answer":"Sisung Investment Management Services has 13 clients and manages $1.94 billion for them, as of August 2026. They include 13 state or municipal government entities.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sisung Investment Management Services offer?","answer":"Sisung Investment Management Services 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":"How many financial advisors does Sisung Investment Management Services have?","answer":"Sisung Investment Management Services has 4 investment adviser representatives registered with state securities authorities, out of 7 employees, and 4 perform investment advisory functions. 6 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":"What does Sisung Investment Management Services invest in?","answer":"At the end of its last fiscal year, Sisung Investment Management Services’ separately managed accounts held 47% state and local bonds, 46% U.S. government and agency bonds and 7% 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 Sisung Investment Management Services?","answer":"Sisung Investment Management Services is owned through a holding company by L. J. Sisung Company and R. L. Sisung Company. Its direct owner is Sisung Holdings, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 24 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sisung Investment Management Services get paid?","answer":"Sisung Investment Management Services 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 Sisung Investment Management Services?","answer":"Sisung Investment Management Services’ main office is at 3850 N. Causeway BLVD., Suite 1930, Metairie, LA 70002. Its phone number is 504-544-7700. Its website is sisunginvestments.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 August 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."}