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.
Trian Fund Management, L.P.
New York, NY
CRD 154172
Firm filing updated July 31, 2026 ·
- $10.4BAssets
- 14Advisory staff
- 29Accounts
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
- Pooled vehicles27
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| High net worth individuals | Fewer than 5 clients | $388.0 million |
| Pooled investment vehicles (other than investment companies and business development companies) | 27 | $10.0 billion |
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 pooled investment vehicles (other than investment companies)
- Other: "PORTFOLIO MGMT FOR SINGLE INVESTOR VEHICLES, PROVIDING INVESTMENT RECOMMENDATIONS/FACILITATING PURCHASES/SALES FOR SMAS"
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other: "PORTFOLIO MGMT FOR SINGLE INVESTOR VEHICLES, PROVIDING INVESTMENT RECOMMENDATIONS/FACILITATING PURCHASES/SALES FOR SMAS"
Assets and accounts
- Regulatory assets$10.4 billion
- Accounts29
- Discretionary$8.3 billion · 25 accounts
- Non-discretionary$2.1 billion · 4 accounts
People
- Employees34
- Advisory staff14
- Broker-dealer reps0
- Licensed insurance agents0
Registration details
- SEC-registered investment advisor. CRD 154172, SEC file 801-71968.
- Registered with the SEC as an investment advisor (status date on record: November 23, 2010).
Is Trian Fund Management, L.P. a fiduciary?
Short answer: Trian Fund Management, L.P. is registered with the SEC as an investment advisor.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
The firm does not report commissions, a broker-dealer role, a related broker-dealer, or staff who are broker-dealer representatives.
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.