{"url":"https://nivawealth.com/firms/zazove-associates-104751","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/104751","regulatoryAum":1965261712,"crd":"104751","history":[{"filedOn":"2021-07-20","regulatoryAum":2288912460,"clients":76,"employees":25,"offices":2},{"filedOn":"2022-02-16","regulatoryAum":2520614911,"clients":82,"employees":24,"offices":2},{"filedOn":"2023-05-31","regulatoryAum":2278112186,"clients":82,"employees":25,"offices":1},{"filedOn":"2024-04-29","regulatoryAum":2286673248,"clients":83,"employees":25,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":2071646009,"clients":74,"employees":22,"offices":1},{"filedOn":"2026-04-29","regulatoryAum":1965261712,"clients":72,"employees":21,"offices":1}],"secFileNumber":"801-34818","legalName":"Zazove Associates LLC","displayName":"Zazove Associates","slug":"zazove-associates-104751","website":"https://zazove.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/zazove-associates-llc/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1001 Tahoe BLVD","city":"Incline Village","state":"NV","stateName":"Nevada","country":"United States","postalCode":"89451"},"tradeNames":[],"registration":{"secApproved":"18 August 1989","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":21,"advisory":11,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":1965261712,"discretionary":1965261712,"discretionaryAccounts":72,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":19,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":7,"regulatoryAum":265801019},{"label":"Pension and profit-sharing plans","clients":4,"fewerThan5":true,"regulatoryAum":99098749},{"label":"State or municipal government entities","clients":1,"fewerThan5":true,"regulatoryAum":159382898},{"label":"Insurance companies","clients":53,"regulatoryAum":1246829193},{"label":"Corporations and other businesses","clients":7,"regulatoryAum":194149853}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"US Bank National Associaton","shortName":"US Bank National Associaton","location":"Cincinnati, OH","smaAssets":498729746},{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":333192305}],"custodyNote":"Zazove Associates has custody of $183M in client assets for 5 clients.","leadership":[{"name":"Gene Pretti","title":"Chief Executive Officer; 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They include 53 insurance companies, 7 pooled investment vehicles, and 7 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 29 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Zazove Associates offer?","answer":"Zazove Associates provides portfolio management for individuals and small businesses, 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 Zazove Associates use?","answer":"Zazove Associates’ separately managed account assets are held at US Bank National Associaton (Cincinnati, OH), with $499M and State Street Bank and Trust Company (Boston, MA), with $333M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Zazove Associates have?","answer":"Zazove Associates has 0 investment adviser representatives registered with state securities authorities, out of 21 employees, and 11 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 Zazove Associates invest in?","answer":"At the end of its last fiscal year, Zazove Associates’ separately managed accounts held 57% investment grade corporate bonds, 38% high-yield corporate bonds, 3% cash and equivalents and 2% exchange-traded equities. It advises 5 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 Zazove Associates?","answer":"Zazove Associates is owned through a holding company by Gene Pretti. Its direct owners are Zazove Associates, Inc. (75% or more) and Robert Shelby (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 29 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Zazove Associates get paid?","answer":"Zazove Associates 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":"Is Zazove Associates registered with the SEC?","answer":"Yes, Zazove Associates has been registered with the SEC as an investment adviser since 18 August 1989. Its CRD number is 104751 and its SEC file number is 801-34818.","source":"Form ADV Part 1A, Item 1, filed 29 April 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Zazove Associates?","answer":"Zazove Associates’ main office is at 1001 Tahoe BLVD, Incline Village, NV 89451. Its phone number is 775-298-7500. 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