Minerva Advisors Llc
- Regulatory AUM
- $321M
- Discretionary
- $312M
- Clients
- 7
- Avg AUM / client
- $45.9M
- Accounts
- 7
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 5 | $86.9M | 27.1% |
| Pooled investment vehicles (non-investment companies) | 2 | $234M | 72.9% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $229M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Minerva Group Lp | Hedge Fund | Delaware | $175M | 60 |
| Minerva 1894 L.P. | Other Private Fund | Delaware | $54.3M | 30 |
People (1)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Cohen, David, Peter | Member, President,Chief Compliance Officer | Nov 2002 (24y) | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $229M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Minerva Group Lp | Hedge Fund | $175M | $250K | 60 |
| Minerva 1894 L.P. | Other Private Fund | $54.3M | $300K | 30 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.49 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- BNY Mellon $61.8M (19% of AUM) Apr 2018
- RBC $58.8M (18% of AUM) Mar 2026
- Bank Of America, National Association $19.5M (6% of AUM) Mar 2026
- Jefferies Llc $8.5M (3% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗