SourcingSourcing

ZAZOVE ASSOCIATES LLC

C46
CRD 104751·SEC 801-34818·INCLINE VILLAGE, NV
AUM
$1.97B
$1B+
Est. Revenue
$19.7M
@ 1% on AUM
Est. EBITDA
$5.9M
@ 30% margin
Est. Deal Value
$47.2M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
ZAZOVE ASSOCIATES LLC
CRD
104751
SEC file #
801-34818
EIN
000000000
DBA names
—

Economics

AUM
$1.97B
AUM band
$1B+
AUM trajectory
'20'26
$2.32B → $1.97B▼ -15%
Client mix
Insurance Companies53
Pooled Investment Vehicles7
Corporations7
Pension Profit Sharing Plans4
State Or Municipal Govt1

Operations

Employees (total)
21
Advisory staff (per ADV)
11
Advisory staff (5-yr trend)
'20'26
13 advisors → 11 advisors▼ -15%
Primary office
INCLINE VILLAGE NV
Branches
—

Custodian & Brokerage

Primary custodian
Goldman Sachslow confidence
Services offered
Portfolio mgmt — individualsPortfolio mgmt — pooled vehiclesPortfolio mgmt — businesses
Fee basis
% of AUMPerformance-based fees

Filings

Latest ADV filing
04/29/2026
ADV-W filed at
—
Website
linkedin.com/company/zazove-associates-llc(social)

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
ZAZOVE ASSOCIATES, INC.
Top Owner Pct
87.5
Top Owner Entity Kind
DE
Owner Count
4
Control Persons
ZAZOVE ASSOCIATES, INC.
Shelby, Robert, Ryan
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
Yes

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
fallback_guess:zazove.com

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
Yes
Form 5500 Plan Count
4
Form 5500 Total Participants
23
Form 5500 Total Compensation
269,729
Form 5500 Compensation Trajectory 3y
2025148,573
2026121,156
20240
Form 5500 Plan Count Trajectory 3y
20252
20241
20261
Schedule C Total Compensation
269,729
Schedule C Service Provider Rows
4

SEC EDGAR

Edgar Cik
0001060986
Edgar Registered
Yes
Edgar Filing Count
12
Edgar First Filing Date
2009-03-13
Edgar Last Filing Date
2025-06-17
Edgar Form D Count
11
Edgar Form D Offerings
2025-06-172025-06-17 · 0000905148-25-002168
2024-06-172024-06-17 · 0001711650-24-000002

Compliance & brand

Firm Registration Status
active

All other collected signals (11)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
0
Bc Firm IAR Count
0
Custodian Candidates
Full
Goldman Sachs12
E*trade4
State Street3
Edgar Addresses
Mailing
C/O M&C CORPORATE SERVICES LIMITEDPO BOX 309GT, UGLAND HOUSE, S CHURCH ST.GEORGE TOWN, E9 00000
Business
C/O M&C CORPORATE SERVICES LIMITEDPO BOX 309GT, UGLAND HOUSE, S CHURCH ST.GEORGE TOWN, E9 00000
Edgar EIN
000000000
Edgar Recent Filings
D/A2025-06-17 · 0000905148-25-002168
D/A2024-06-17 · 0001711650-24-000002
Firm Has Custody
Yes
Mailing Office Differs
No
Trust Company Affiliate
No

People (3)

3
Shelby, Robert, Ryan
Direct Owner · 17.5%
6725238
PRETTI, GENE, THOMAS
Executive Officer · 2.5%
1283284
DUKAJ, LAMIAA
Executive Officer · 2.5%
5326987