Advisory Research Inc
- Regulatory AUM
- $991M
- Discretionary
- $989M
- Clients
- 444
- Avg AUM / client
- $2.2M
- Accounts
- 444
- Employees
- 14
AUM over time
Annual snapshots from Form ADV filings · as of Mar 20, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 275 | $101M | 10.2% |
| High net worth individuals | 130 | $272M | 27.4% |
| Investment companies | 1 | $24.2M | 2.44% |
| Pooled investment vehicles (non-investment companies) | 3 | $261M | 26.4% |
| Pension and profit sharing plans | 3 | $1.7M | 0.17% |
| Charitable organizations | 14 | $128M | 12.9% |
| Corporations and other businesses | 18 | $203M | 20.5% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $96.6M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Advisory Research Partners Fund, L.P. | Hedge Fund | Delaware | $95.7M | 64 |
| Ari Founders Fund, Lp | Hedge Fund | Delaware | $902K | 16 |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Matthew Kent Swaim | Chairman, Chief Executive Officer, And Director | CFA | Sep 2019 (7y) | ≈ 18.75% – 50% via Ostara, Inc. |
| Bruce Michael Zessar | Chief Compliance Officer, Corporate Secretary And Managing Director | CFA | Oct 2019 (7y) | Less than 5% |
| Michael James Valentinas | Registered representative | Apr 2017 (9y) | ||
| Adam D Steffanus | Registered representative | CFA | Oct 2020 (6y) | |
| Christopher Robert Harvey | Registered representative | CFA | Nov 2020 (6y) | |
| Christopher Dyson Crawshaw | Registered representative | CFA | Mar 2024 (2y) | |
| William Louis Florida | Registered representative | CFA | Apr 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ostara, Inc. | Owner | Oct 2019 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Matthew Kent Swaim: 25% – 50% of Ostara, Inc. × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $96.6M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Advisory Research Partners Fund, L.P. | Hedge Fund | $95.7M | $500K | 64 |
| Ari Founders Fund, Lp | Hedge Fund | $902K | $200K | 16 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/20/2026 | 1.41 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $620M (10% of AUM) Mar 2019
- Bank Of America Private Bank $255M (4% of AUM) Mar 2019
- Jefferies Llc $147M (20% of AUM) Nov 2025
- J.P. Morgan $140M (19% of AUM) Nov 2025
- UBS $131M (13% of AUM) Mar 2026
- Wells Fargo $93.0M (9% of AUM) Mar 2026
- Bofa Securities, Inc. $90.5M (13% of AUM) Nov 2025
- Morgan Stanley $86.6M (9% of AUM) Mar 2026
- Charles Schwab & Co. $53.5M (5% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 20, 2026.
View current Form ADV (SEC/IAPD) ↗