Asset manager · SAN Francisco, CA
Figure Investment Advisors, LLC
SEC-registered investment adviser · CRD 158307 · SEC 801-72508
At a glance
Figure Investment Advisors, LLC is an SEC-registered investment adviser based in SAN Francisco, California, with $442 million in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is investment companies. By Form ADV it is a asset manager, ranked 1,744th of 3,218 asset managers and 8,347th of 17,210 SEC-registered advisers by assets.
Main office 628-236-5851figure.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $442M
- Rank among asset managers
- #1,744 of 3,218
- Rank among all SEC RIAs
- #8,347 of 17,210
- Rank in California
- #969 of 1,873
- Clients
- 5
- Accounts
- 5
- Discretionary
- 100% of AUM
- Employees
- 5
- Advisory staff
- 2
- Offices
- 1
Owners and executives on its Form ADV
- Jason A. RivesChief Compliance Officer
- David T. StevensChief Investment Officer
- Michael S. CagneyManaging Partner
Custody and brokerage
Custodian
Figure Investment Advisors, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Figure Investment Advisors, LLC is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Figure Securities, Inc..
- Figure Securities, Inc. ↗CRD 307093
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 1 | $327M | 74% |
| Pooled investment vehicles | 4 | $115M | 26% |
Private funds
Figure Investment Advisors, LLC reports 4 private funds with $136M in gross assets: real estate funds, liquidity funds, securitized asset funds (Form ADV Item 7.B).
Disciplinary disclosures
Figure Investment Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗figure.com ↗
AtlasMembers
The full record on Figure Investment Advisors, 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
- Locked
- Growth over one, three and five years
- Locked
- Rank against 988 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Figure Investment Advisors, LLC manage?
Figure Investment Advisors, LLC reports $442 million in regulatory assets under management across 5 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Figure Investment Advisors, LLC?
Figure Investment Advisors, LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Figure Investment Advisors, LLC’s clients?
By assets, its largest client types are investment companies ($327 million, 1 clients); pooled investment vehicles ($115 million, 4 clients).
Does Figure Investment Advisors, LLC manage private funds?
Yes. It reports 4 private funds with $136 million in gross assets, including real estate funds, liquidity funds, securitized asset funds.
Does Figure Investment Advisors, LLC have any disciplinary history?
Figure Investment Advisors, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Figure Investment Advisors, 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). 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 →