SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Select Equity Group, L.P.
New York, NY
CRD 168496
Firm filing updated March 31, 2026 ·
- $36.4BAssets
- 83Advisory staff
- 770Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Performance-based feesYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- Individuals387
- High net worth individuals249
- Pooled vehicles50
- Charities45
- Pension and profit sharing plans10
- and 3 more14
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 387 | $536.8 million |
| High net worth individuals | 249 | $959.3 million |
| Banking or thrift institutions | Fewer than 5 clients | $141.3 million |
| Investment companies | 2 | $1.5 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 50 | $28.7 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 10 | $1.1 billion |
| Charitable organizations | 45 | $598.8 million |
| State or municipal government entities (including government pension plans) | Fewer than 5 clients | $279.1 million |
| Other investment advisors | 5 | $1.7 billion |
| Insurance companies | Fewer than 5 clients | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $432.0 million |
| Corporations or other businesses not listed above | 7 | $302.7 million |
| Other: "OTHER" | 11 | $33.9 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 4 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Assets and accounts
- Regulatory assets$36.4 billion
- Accounts770
- DiscretionaryAll accounts
People
- Employees171
- Advisory staff83
- Broker-dealer reps3
- Licensed insurance agents0
Registration details
- SEC-registered investment advisor. CRD 168496, SEC file 801-78977.
- Registered with the SEC as an investment advisor (status date on record: November 26, 2013).
Is Select Equity Group, L.P. a fiduciary?
Short answer: Select Equity Group, L.P. is registered with the SEC as an investment advisor. Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 3 staff are broker-dealer representatives. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.