Research Affiliates, Llc
- Regulatory AUM
- $27.8B
- Discretionary
- $26.2B
- Clients
- 33
- Avg AUM / client
- $844M
- Accounts
- 33
- Employees
- 66
AUM over time
Annual snapshots from Form ADV filings · as of Mar 26, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 15 | $19.6B | 70.5% |
| Pooled investment vehicles (non-investment companies) | 11 | $3.4B | 12.3% |
| Pension and profit sharing plans | 2 | $544M | 1.95% |
| State or municipal government entities | 4 | $4.2B | 15.2% |
| Other investment advisers | 1 | $28.5M | 0.1% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $2.2M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Research Affiliates Us Value Opportunities Lp | Other Private Fund | Delaware | $2.2M | 21 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Arnott, Robert, Douglas | Non Executive Chairman | Mar 2002 (24y) | ≈ 9.38% – 37.5% via Arnott Family Trust | |
| Brightman, Christopher, Jon | Chief Executive Officer And Chief Investment Officer | Jul 2021 (5y) | Less than 5% | |
| Zane, Elaine, Tzou | Chief Compliance Officer | Jan 2023 (4y) | Less than 5% | |
| Lalji, Reena, Shukla | Chief Operating Officer | Jun 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Research Affiliates Global Holdings, Llc | Holding Company | Jan 2012 | A | 75% or more |
| Arnott Family Trust | Member Of Research Affiliates Global Holdings, Llc | Oct 2011 | B | ≈ 18.75% – 50% via Research Affiliates Global Holdings, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Arnott, Robert, Douglas: 50% – 75% of Arnott Family Trust × 25% – 50% of Research Affiliates Global Holdings, Llc × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
- Arnott Family Trust: 25% – 50% of Research Affiliates Global Holdings, Llc × 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 (1, $2.2M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Research Affiliates Us Value Opportunities Lp | Other Private Fund | $2.2M | $0 | 21 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.06 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
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- State Street $4.7B (17% of AUM) Mar 2026
- BNY Mellon $1.2B (4% of AUM) Oct 2024
- Northern Trust $197M (1% of AUM) Oct 2024
- Comerica Bank Trust National Association $55.7M (0% of AUM) Sep 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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 26, 2026.
View current Form ADV (SEC/IAPD) ↗