Wealth manager, independent · Boston, MA
Cambridge Associates Limited, LLC
SEC-registered investment adviser · CRD 106003 · SEC 801-45277
At a glance
Cambridge Associates Limited, LLC is an SEC-registered investment adviser based in Boston, Massachusetts, with $8.2B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 20 individual clients, 20 of them high-net-worth, holding an average of about $213 million each, and 15 employees. That ranks it 128th among the nation’s 5,657 independent wealth management RIAs and 11th of 202 in Massachusetts. It reports Pictet Bank of Switzerland as the custodian for its clients’ separately managed accounts.
Main office 617-457-7500cambridgeassociates.comAs filed on Form ADV
- Regulatory AUM
- $8.2B
- Rank among independent wealth managers
- #128 of 5,657
- Rank among all SEC RIAs
- #1,541 of 17,210
- Rank in Massachusetts
- #11 of 202
- Individual clients
- 20
- High-net-worth clients
- 20
- Accounts
- 32
- Discretionary
- 10% of AUM
- Employees
- 15
- Advisory staff
- 14
- Offices
- 2
Owners and executives on its Form ADV
- Sean F HannaChief Compliance Officer
- David R. DruleyCEO
- Scott M. ZoltowskiChief Legal Officer and Manager
- Dmitri ShadrinChief Operating Officer
- Samantha S. DavidsonPresident and Manager
- Pamela J BooneChief Financial Officer and Manager
Custody and brokerage
Broker-dealer
No broker-dealer ties
Cambridge Associates Limited, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 20 | $4.3B | 52% |
| Charitable organizations | 12 | $3.9B | 48% |
Disciplinary disclosures
Cambridge Associates Limited, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗cambridgeassociates.com ↗
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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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- Rank against 503 peers of its type and size
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- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Massachusetts
All of Massachusetts →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Welch & Forbes LLCBoston | $9.9B | 643 |
| F L Putnam Investment Management Co.Lynnfield | $9.7B | 2,823 |
| Battery Global Advisors, LLCBoston | $8.4B | 65 |
| Crestwood AdvisorsBoston | $8.0B | 1,106 |
| Fiduciary Trust International, LLCLincoln | $7.7B | 62 |
| The Bollard Group LLCBoston | $6.7B | 14 |
Background
Questions
How much does Cambridge Associates Limited, LLC manage?
Cambridge Associates Limited, LLC reports $8.2B in regulatory assets under management across 32 accounts, 10% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does Cambridge Associates Limited, LLC have?
It reports 20 individual clients: 20 high-net-worth individuals and 0 other individuals. Individuals account for about 52% of its regulatory assets.
Where is Cambridge Associates Limited, LLC headquartered?
Its main office is in Boston, Massachusetts. It reports 2 offices in total and 15 employees, 14 of whom perform investment advisory functions.
How does Cambridge Associates Limited, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Cambridge Associates Limited, LLC use?
It reports Pictet Bank of Switzerland as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 31, 2026, it reports these amounts held: Pictet Bank of Switzerland ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Cambridge Associates Limited, LLC a hybrid RIA with a broker-dealer?
Cambridge Associates Limited, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Cambridge Associates Limited, LLC a fiduciary?
As an SEC-registered investment adviser, Cambridge Associates Limited, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Cambridge Associates Limited, 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 (2026-03-31), 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). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. 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 →