Private fund adviser · Bala Cynwyd, PA
Minerva Advisors LLC
SEC-registered investment adviser · CRD 161408 · SEC 801-73417
At a glance
Minerva Advisors LLC is an SEC-registered investment adviser based in Bala Cynwyd, Pennsylvania, with $321 million in regulatory assets under management as of its Form ADV filed March 27, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 5 individual clients. By Form ADV it is a private fund adviser, ranked 3,522nd of 4,686 private fund advisers and 9,830th of 17,210 SEC-registered advisers by assets.
Main office 484-434-2258As filed on Form ADV
- Regulatory AUM
- $321M
- Rank among private fund advisers
- #3,522 of 4,686
- Rank among all SEC RIAs
- #9,830 of 17,210
- Rank in Pennsylvania
- #357 of 564
- Individual clients
- 5
- High-net-worth clients
- 5
- Accounts
- 7
- Discretionary
- 97% of AUM
- Employees
- 4
- Advisory staff
- 2
- Offices
- 1
Owners and executives on its Form ADV
- David P. CohenMember, President,chief Compliance Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 2 | $234M | 73% |
| High-net-worth individuals | 5 | $87M | 27% |
Private funds
Minerva Advisors LLC reports 2 private funds with $234M in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Minerva 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 individuals and small businesses
- 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 Minerva 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
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- Growth over one, three and five years
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- Rank against 2,112 peers of its type and size
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- Owners and executives, with titles and stakes
- 1 namedLocked
- 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 Minerva Advisors LLC manage?
Minerva Advisors LLC reports $321 million in regulatory assets under management across 7 accounts, 97% of it on a discretionary basis, on its Form ADV filed March 27, 2026.
What kind of firm is Minerva Advisors LLC?
Minerva 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 Minerva Advisors LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($234 million, 2 clients); high-net-worth individuals ($87 million, 5 clients).
Does Minerva Advisors LLC manage private funds?
Yes. It reports 2 private funds with $234 million in gross assets, including hedge funds, other private funds.
Does Minerva Advisors LLC have any disciplinary history?
Minerva 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 Minerva 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 (2026-03-27), 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 →