Private fund adviser · Radnor, PA
Tiff Investment Management
Tiff Advisory Services, LLC · SEC-registered investment adviser · CRD 327436 · SEC 801-128989
At a glance
Tiff Investment Management is an SEC-registered investment adviser based in Radnor, Pennsylvania, with $8.6 billion in regulatory assets under management as of its Form ADV filed September 3, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 681st of 4,686 private fund advisers and 1,503rd of 17,210 SEC-registered advisers by assets.
Main office 610-684-8200tiff.orgLinkedInAs filed on Form ADV
- Regulatory AUM
- $8.6B
- Rank among private fund advisers
- #681 of 4,686
- Rank among all SEC RIAs
- #1,503 of 17,210
- Rank in Pennsylvania
- #51 of 564
- Clients
- 76
- Accounts
- 76
- Discretionary
- 96% of AUM
- Employees
- 70
- Advisory staff
- 17
- Offices
- 2
Owners and executives on its Form ADV
- Clarence K. BrenanChief Executive Officer; Director
- Lisa L. MatsonChief Legal Officer; Vice President; Secretary
- Jessica N. PortisChief Client Officer
- Christian A. SzautnerChief Compliance Officer; Vice President
- Jay L. WilloughbyChief Investment Officer; Director
- Katherine Mary (. Derganc-BillingsVice President; Treasurer
- David M. BrennerChief Operating Officer; Vice President; Director
- Julius B. MercadoHead of Operations, Data & Reporting
Custody and brokerage
Custodian
Tiff Investment Management’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
Tiff Investment Management is a hybrid RIA: 14 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 |
|---|---|---|---|
| Pooled investment vehicles | 38 | $5.3B | 62% |
| Charitable organizations | 37 | $1.8B | 21% |
| Investment companies | 1 | $1.5B | 17% |
Private funds
Tiff Investment Management reports 37 private funds with $5.3B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Tiff Investment Management 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
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗tiff.org ↗
AtlasMembers
The full record on Tiff Investment Management
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 1,059 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Tiff Investment Management manage?
Tiff Investment Management reports $8.6 billion in regulatory assets under management across 76 accounts, 96% of it on a discretionary basis, on its Form ADV filed September 3, 2026.
What kind of firm is Tiff Investment Management?
Tiff Investment Management is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Tiff Investment Management’s clients?
By assets, its largest client types are pooled investment vehicles ($5.3 billion, 38 clients); charitable organizations ($1.8 billion, 37 clients); investment companies ($1.5 billion, 1 clients).
Does Tiff Investment Management manage private funds?
Yes. It reports 37 private funds with $5.3 billion in gross assets, including hedge funds.
Does Tiff Investment Management have any disciplinary history?
Tiff Investment Management 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 Tiff Investment Management’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 (2026-09-03), 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 →