Private fund adviser · Post Falls, ID
Hedonova Advisors LLC
SEC-registered investment adviser · CRD 324941 · SEC 801-128783
At a glance
Hedonova Advisors LLC is an SEC-registered investment adviser based in Post Falls, Idaho, with $643 million in regulatory assets under management as of its Form ADV filed November 27, 2024. Its largest client group by assets is high-net-worth individuals, and it reports 2,817 individual clients. By Form ADV it is a private fund adviser, ranked 2,759th of 4,686 private fund advisers and 6,844th of 17,210 SEC-registered advisers by assets.
- Regulatory AUM
- $643M
- Rank among private fund advisers
- #2,759 of 4,686
- Rank among all SEC RIAs
- #6,844 of 17,210
- Rank in Idaho
- #18 of 54
- Individual clients
- 2,817
- High-net-worth clients
- 2,817
- Accounts
- 2,853
- Discretionary
- 100% of AUM
- Employees
- 41
- Advisory staff
- 11
- Offices
- 6
Custody and brokerage
Custodian
Hedonova 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
Hedonova Advisors LLC is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 2,817 | $385M | 60% |
| Sovereign wealth funds and foreign official institutions | – | $110M | 17% |
| Corporations or other businesses | 17 | $82M | 13% |
| Investment companies | 19 | $66M | 10% |
Private funds
Hedonova Advisors LLC reports 1 private funds with $643M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Hedonova Advisors LLC answers yes to 2 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
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on Hedonova 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, 2 years of filings
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- Growth over one, three and five years
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- Rank against 2,276 peers of its type and size
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- Owners and executives, with titles and stakes
- Locked
- Main office, fax and compliance officer
- Locked
- 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.
Background
Questions
How much does Hedonova Advisors LLC manage?
Hedonova Advisors LLC reports $643 million in regulatory assets under management across 2,853 accounts, 100% of it on a discretionary basis, on its Form ADV filed November 27, 2024.
What kind of firm is Hedonova Advisors LLC?
Hedonova Advisors LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Hedonova Advisors LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($385 million, 2,817 clients); sovereign wealth funds and foreign official institutions ($110 million); corporations or other businesses ($82 million, 17 clients).
Does Hedonova Advisors LLC manage private funds?
Yes. It reports 1 private funds with $643 million in gross assets, including hedge funds.
Does Hedonova Advisors LLC have any disciplinary history?
Hedonova Advisors LLC answers yes to 2 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 Hedonova 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, 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 →