Wealth manager, independent · SAN Diego, CA
Sovran Advisors, LLC
SEC-registered investment adviser · CRD 329415 · SEC 801-129342
At a glance
Sovran Advisors, LLC is an SEC-registered investment adviser based in SAN Diego, California, with $1.9B in regulatory assets under management as of its Form ADV filed September 14, 2026. It reports 3,918 individual clients, 355 of them high-net-worth, holding an average of about $0.4 million each, and 64 employees. That ranks it 593rd among the nation’s 5,657 independent wealth management RIAs and 75th of 714 in California. It reports Cetera Investment Services as the custodian for its clients’ separately managed accounts.
Main office 619-281-9890sovranadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.9B
- Rank among independent wealth managers
- #593 of 5,657
- Rank among all SEC RIAs
- #3,781 of 17,210
- Rank in California
- #75 of 714
- Individual clients
- 3,918
- High-net-worth clients
- 355
- Accounts
- 6,135
- Discretionary
- 100% of AUM
- Employees
- 64
- Advisory staff
- 60
- Offices
- 8
Owners and executives on its Form ADV
- Jeremy S. MartinsonPresident and CFO
- Paul R. JustinCEO
- Elizabeth ArceChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Sovran Advisors, LLC is a hybrid RIA: 54 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Cetera Wealth Services as the broker-dealer its advisers are registered with.
Broker-Dealer Affiliation The majority of our Advisors are also registered representatives of Cetera Wealth Services LLC (“CWS”).
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 3,563 | $891M | 48% |
| High-net-worth individuals | 355 | $834M | 44% |
| Pension and profit sharing plans | 59 | $105M | 6% |
| Corporations or other businesses | 26 | $31M | 2% |
| Charitable organizations | 15 | $13M | <1% |
Disciplinary disclosures
Sovran Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗sovranadvisors.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, 2 years of filings
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- Growth over one, three and five years
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- Rank against 2,103 peers of its type and size
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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 California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Rebalance LLCPalo Alto | $1.9B | 636 |
| Private Wealth Partners, LLCMill Valley | $1.9B | 253 |
| SP Asset Management LLCCupertino | $1.9B | 207 |
| HBW Advisory Services LLCSimi Valley | $1.7B | 13,779 |
| Liberty Wealth Management, LLCOakland | $1.7B | 1,510 |
| Weatherly Asset ManagementDel MAR | $1.7B | 371 |
Background
Questions
How much does Sovran Advisors, LLC manage?
Sovran Advisors, LLC reports $1.9B in regulatory assets under management across 6,135 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 14, 2026.
How many clients does Sovran Advisors, LLC have?
It reports 3,918 individual clients: 355 high-net-worth individuals and 3,563 other individuals. Individuals account for about 92% of its regulatory assets.
Where is Sovran Advisors, LLC headquartered?
Its main office is in SAN Diego, California. It reports 8 offices in total and 64 employees, 60 of whom perform investment advisory functions.
How does Sovran Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Sovran Advisors, LLC use?
It reports Cetera Investment Services as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 14, 2026, it reports these amounts held: Cetera Investment Services ($1.7B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Sovran Advisors, LLC a hybrid RIA with a broker-dealer?
Sovran Advisors, LLC is a hybrid RIA: 54 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Sovran Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Sovran Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 54 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Sovran 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 (2026-09-14), 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 →