{"url":"https://nivawealth.com/firms/theorem-partners-281280","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/281280","regulatoryAum":1032394333,"crd":"281280","history":[{"filedOn":"2021-04-30","regulatoryAum":1511233920,"clients":8,"employees":31,"offices":1},{"filedOn":"2022-02-25","regulatoryAum":2135297937,"clients":7,"employees":34,"offices":1},{"filedOn":"2023-07-26","regulatoryAum":2751794990,"clients":7,"employees":64,"offices":1},{"filedOn":"2024-05-09","regulatoryAum":2019603138,"clients":9,"employees":62,"offices":2},{"filedOn":"2025-05-14","regulatoryAum":1683790473,"clients":4,"employees":133,"offices":1},{"filedOn":"2026-10-01","regulatoryAum":1032394333,"clients":3,"employees":121,"offices":1}],"secFileNumber":"801-108607","legalName":"Theorem Partners LLC","displayName":"Theorem Partners","slug":"theorem-partners-281280","website":null,"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"335 Madison Avenue, 16th FL","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10017-4611"},"tradeNames":[],"registration":{"secApproved":"4 November 2016","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":121,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1032394333,"discretionary":1032394333,"discretionaryAccounts":4,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":50,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":3,"regulatoryAum":1025795952},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":6598381}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Inspira Financial Trust, LLC","shortName":"Inspira Financial Trust","location":"Oak Brook, IL","smaAssets":5741130},{"name":"Wells Fargo & Company","shortName":"Wells Fargo & Company","location":"San Francisco, CA","smaAssets":856377}],"custodyNote":"Theorem Partners has custody of $1.03B in client assets for 3 clients.","otherCustodians":[],"leadership":[{"name":"Edward Mallon","title":"Chief Executive Officer and Chief Investment Officer","crd":"2519699"},{"name":"Jonathan Dobres","title":"Chief Financial Officer","crd":"5026226"},{"name":"Balasubramanian Panchanadeswaran","title":"Chief Operating Officer","crd":"8242689"},{"name":"Nicholas Wilson","title":"Chief Compliance Officer","crd":"6417299"},{"name":"Eric Watson","title":"Chief Legal Officer","crd":"6620356"}],"ownership":[{"label":"Theorem Technology, Inc.","detail":"Sole member in the 75% or more ownership band and a control person, since December 2021."},{"label":"Pagaya US Holding Company LLC","detail":"Indirect owner: a member of Theorem Technology, Inc. in the 75% or more band and a control person, since October 2024.","parent":"Theorem Technology, Inc."},{"label":"Pagaya Technologies LTD.","detail":"Indirect owner: a member of Pagaya US Holding Company LLC in the 75% or more band and a control person, since November 2021.","parent":"Pagaya US Holding Company LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"335 Madison Avenue, 16th FL","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"646-214-8587","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["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":"Cash and cash equivalents","percent":20},{"label":"Other","percent":80,"detail":"Consumer Lending"}],"privateFunds":3},"sources":{"adv1FilingDate":"1 October 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/281280/PDF/281280.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 Theorem Partners have?","answer":"Theorem Partners has 3 clients and manages $1.03 billion for them, as of October 2026. They include 3 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Theorem Partners offer?","answer":"Theorem Partners provides 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 Theorem Partners use?","answer":"Theorem Partners’ separately managed account assets are held at Inspira Financial Trust, LLC (Oak Brook, IL), with $5.74M and Wells Fargo & Company (San Francisco, CA), with $856K. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 October 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Theorem Partners have?","answer":"Theorem Partners has 0 investment adviser representatives registered with state securities authorities, out of 121 employees, and 3 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 Theorem Partners invest in?","answer":"At the end of its last fiscal year, Theorem Partners’ separately managed accounts held 80% other and 20% cash and equivalents. The 80% other category is described as: Consumer Lending. It advises 3 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 Theorem Partners?","answer":"Theorem Partners is owned through a chain of holding companies by Pagaya Technologies LTD. Its direct owner is Theorem Technology, Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Theorem Partners get paid?","answer":"Theorem Partners 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"}},{"question":"How do I contact Theorem Partners?","answer":"Theorem Partners’ main office is at 335 Madison Avenue, 16th FL, New York, NY 10017-4611. Its phone number is 646-214-8587.","source":"Form ADV Part 1A, Item 1.F, filed 1 October 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."}