Private fund adviser · LOS Angeles, CA
Ares Management LLC
SEC-registered investment adviser · CRD 130074 · SEC 801-63800
At a glance
Ares Management LLC is an SEC-registered investment adviser based in LOS Angeles, California, with $458.8 billion in regulatory assets under management as of its Form ADV filed August 26, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 7th of 4,686 private fund advisers and 55th of 17,210 SEC-registered advisers by assets.
Main office 310-201-4100aresmgmt.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $459B
- Rank among private fund advisers
- #7 of 4,686
- Rank among all SEC RIAs
- #55 of 17,210
- Rank in California
- #7 of 1,873
- Clients
- 702
- Accounts
- 715
- Discretionary
- 95% of AUM
- Employees
- 3,990
- Advisory staff
- 1,550
- Offices
- 68
Owners and executives on its Form ADV
- Antony P. ResslerCo-Founder and Executive Chairman
- Bennett RosenthalCo-Founder and Chairman of Private Equity Group
- David B. KaplanCo-Founder
- Michael J. AroughetiCo-Founder and Chief Executive Officer
- Naseem S. Sagati AghiliGeneral Counsel and Corporate Secretary
- Robert K. DeveerCo-President
- Ryan J. BerryChief Marketing and Strategy Officer
- Jarrod M PHILLIPSChief Financial Officer
- Blair V JacobsonCo-President
- Richa M GulatiChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Ares Management LLC is a hybrid RIA: 266 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Ares Management Capital Markets LLC and Aspida Financial Distributors, LLC.
- Ares Management Capital Markets LLC ↗CRD 166219
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
- Aspida Financial Distributors, LLC ↗CRD 322843
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed March 2026) names Ares Management Capital Markets as the broker-dealer its advisers are registered with.
Certain Ares personnel that are involved in marketing activities are registered representatives of AMCM.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 655 | $404B | 88% |
| Insurance companies | 27 | $40B | 9% |
| Sovereign wealth funds and foreign official institutions | – | $5.7B | 1% |
| Pension and profit sharing plans | 13 | $4.9B | 1% |
| Other | 7 | $2.9B | <1% |
| Corporations or other businesses | – | $1.1B | <1% |
| Other investment advisers | – | $236M | <1% |
Private funds
Ares Management LLC reports 682 private funds with $418B in gross assets: hedge funds, private equity funds, venture capital funds, real estate funds, securitized asset funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Ares Management LLC answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗aresmgmt.com ↗
AtlasMembers
The full record on Ares Management LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 49 peers of its type and size
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- Owners and executives, with titles and stakes
- 10 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 6Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Ares Management LLC manage?
Ares Management LLC reports $458.8 billion in regulatory assets under management across 715 accounts, 95% of it on a discretionary basis, on its Form ADV filed August 26, 2026.
What kind of firm is Ares Management LLC?
Ares Management LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are Ares Management LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($403.5 billion, 655 clients); insurance companies ($40.3 billion, 27 clients); sovereign wealth funds and foreign official institutions ($5.7 billion).
Does Ares Management LLC manage private funds?
Yes. It reports 682 private funds with $417.6 billion in gross assets, including hedge funds, private equity funds, venture capital funds, real estate funds, securitized asset funds, other private funds.
Does Ares Management LLC have any disciplinary history?
Ares Management LLC answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Ares Management LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-26), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →