SCS Financial: Platform Profile

Overview

SCS Financial is the consumer-facing shorthand for SEC-registered adviser SCS Capital Management LLC.

Current regulatory identity:

• Investment adviser: SCS Capital Management LLC
• Consumer brand: SCS
• CRD: 122258
• SEC number: 801-61448
• Current Form CRS date: 2026-03-31
• Latest Form ADV filing: 2026-07-14

SCS serves ultra-high-net-worth families through integrated:

• wealth advisory;
• investment management;
• family-office services.

The most important current pricing change is that the March 31, 2026 Form CRS does not publish the older numeric minimum-account framework as the current standard.

Current:

• Minimum relationship fee level: mutually agreed
• Current general AUM fee: generally 0.75%
• Fees negotiable: Yes

May fit better for

• ultra-high-net-worth families with complex financial lives;
• clients seeking family-office infrastructure;
• investors wanting endowment-style public/private allocation;
• families comfortable with bespoke negotiated pricing;
• investors seeking private funds and co-investments;
• clients needing wealth planning, tax, estate and philanthropy coordination.

May fit less well for

• smaller portfolios seeking a public low-cost retail fee schedule;
• investors who want a fixed published numeric account minimum before engaging;
• users relying on old $30 million or $225,000 minimum references as current;
• self-directed traders;
• clients who need daily liquidity across all holdings;
• investors who want no private-market allocation.

SCS Capital Management LLC is the legal adviser

Current SEC filing:

• Investment adviser: SCS Capital Management LLC
• CRD: 122258
• SEC number: 801-61448

Use SCS Financial as the canonical review title/slug only.

The current Form CRS does not publish a numeric account minimum

March 31, 2026 relationship summary:

• Minimum relationship fee level: mutually agreed with client

This is the controlling current-state guard.

Older materials that use $30 million as a minimum relationship size should not be imported as the current universal minimum.

Older $225,000 minimum-fee language is not the current published default

Prior disclosures tied a $225,000 annual fee floor to the older standard structure.

The current Form CRS instead says the minimum relationship fee is mutually agreed.

If a legacy client still has those economics, that belongs to the client's agreement.

It is not the current universal public rule.

Current fees are generally around 0.75% and negotiable

March 31, 2026 Form CRS:

• Current general AUM fee: 0.75%
• Fees negotiable: Yes

Fees vary based on:

• assets managed;
• service scope;
• origin of client relationship;
• merger history;
• expected future revenues;
• negotiated terms.

Families are generally aggregated for fee calculation

Current Form CRS:

• Family relationships aggregated: Yes

The fee is generally a blended relationship fee.

Billing is quarterly in advance

Current Form CRS:

• Billing frequency: quarterly
• Billing timing: in advance
• Fee base includes cash: Yes
• Fee base includes accrued interest: Yes
• Fee base can include margin securities: Yes

The usual valuation point is the last day of the preceding quarter, subject to an alternate mutually agreed arrangement.

External-manager and product costs remain separate

Current disclosure states clients can separately incur:

• external manager fees;
• private-fund expenses;
• mutual-fund or product expenses;
• custody charges;
• brokerage costs;
• transaction expenses.

Private markets are central to the current investment platform

Current SCS site states the firm uses traditional and alternative investments, including:

• private equity;
• venture capital;
• private real assets;
• opportunistic strategies;
• private funds;
• direct co-investments.

Current public references include:

• Private investment commitments: $12B+
• Direct co investment commitments: $2B
• Direct co investments executed: 180+
• Private metrics date: 2026-03-31

These are platform history/commitment metrics.

They do not mean each client has the same private-market allocation.

Private vehicles can have fund-level carried interest

SCS disclosure for certain private vehicles permits:

• fund-level management fees;
• carried interest;
• operating expenses.

In some structures, current/legacy disclosure states SCS avoids charging overlapping wealth-management fees or carried interest to the same applicable investor.

The current Form CRS also directs clients to Item 6 for performance-based fees and side-by-side management.

Custodian support creates a disclosed conflict

Current Form CRS states SCS has arrangements with certain recommended custodians under which the custodian pays for support services or products used by SCS.

SCS also can receive research/software through broker-dealer arrangements.

Disclosure of the economic benefit does not establish that the custody recommendation is unsuitable.

SCS uses multiple custodians

Current regulatory-derived data identify major custodial relationships including:

• Fidelity;
• Pershing;
• Charles Schwab.

Focus Financial Partners creates adviser-compensation context

Current Form CRS states some SCS financial advisers can receive additional compensation from the firm's indirect parent, Focus Financial Partners, LLC or an affiliate, depending on SCS performance.

The current Form CRS also states SCS financial professionals do not receive compensation tied to sales or the types of investments they recommend.

The $60B public asset figure is a combined metric

Current site:

• Public assets: $60B
• Public assets as of: 2025-12-31
• Public assets definition: regulatory AUM + assets under advisement
• Public assets equals regulatory AUM: No

Assessment

SCS is the most time-sensitive minimum/fee review in Batch 60.

An older review can reasonably show:

• $30 million minimum;
• $225,000 annual fee floor;
• a published four-tier schedule.

The March 31, 2026 Form CRS changes the correct current framing.

The current public regulatory summary says:

minimum relationship fee mutually agreed + AUM fees generally around 0.75% + negotiable client-specific economics.

That is the canonical current-state description.

The firm's private-market platform remains a major part of the service, so readers also need to distinguish SCS's advisory fee from external-manager and private-vehicle costs.