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.
Zephyr Management, L.P.
New York, NY
CRD 129683
Firm filing updated March 17, 2026 ·
- $256.3MAssets
- 13Advisory staff
- 34Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Performance-based feesYes
- OtherYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
Who the firm serves
- Pooled vehicles30
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| High net worth individuals | Fewer than 5 clients | $673,294 |
| Pooled investment vehicles (other than investment companies and business development companies) | 30 | $243.7 million |
| Other: "NON-DISCRETIONARY FUND" | Fewer than 5 clients | $12.0 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 pooled investment vehicles (other than investment companies)
- Other: "PROVIDE ADVICE TO NON-DISCRETIONARY FUND"
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other: "PROVIDE ADVICE TO NON-DISCRETIONARY FUND"
Assets and accounts
- Regulatory assets$256.3 million
- Accounts34
- Discretionary$244.3 million · 33 accounts
- Non-discretionary$12.0 million · 1 accounts
People
- Employees22
- Advisory staff13
- Broker-dealer reps0
- Licensed insurance agents0
Registration details
- SEC-registered investment advisor. CRD 129683, SEC file 801-128453.
- Registered with the SEC as an investment advisor (status date on record: August 9, 2023).
Is Zephyr Management, L.P. a fiduciary?
Short answer: Zephyr 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.