# AdvisorShares

AdvisorShares is an Asset Manager based in Bethesda, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Bethesda, United States
- **Region:** North America
- **Address:** Bethesda, MD, United States
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** advisorshares.com
- **LinkedIn:** https://www.linkedin.com/company/advisorshares

## Regulatory record

- **CRD number:** 149782
- **SEC file number:** 801-70457
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/149782

## About

ADVISORSHARES is an SEC-registered investment adviser in BETHESDA, MD, registered since 2009. The firm manages approximately $1.7 billion in regulatory assets. It has 11 employees and 5 investment advisers.

## Sectors

- Thematic ETFs

## People

- Noah Hamman — Chief Executive Officer

## Questions

### Who makes security-level investment decisions at AdvisorShares?

Investment decisions are made entirely by the third-party sub-advisor assigned to each ETF. AdvisorShares serves as the investment advisor to the trust, overseeing compliance and operations, but the sub-advisor retains full discretionary authority for stock selection and portfolio allocation within the fund's stated mandate.

### Does AdvisorShares participate in fund commitments or only direct ETF issuance?

AdvisorShares participates exclusively in ETF issuance and management as a registered investment company sponsor. The firm does not make commitments to private funds as a limited partner, nor does it operate a fund-of-funds platform. Its sole business is creating and operating its own family of actively managed exchange-traded funds.

### How is AdvisorShares related to its sub-advisor firms?

AdvisorShares enters into arm's-length sub-advisory agreements with unaffiliated third-party asset managers. The sub-advisors remain legally separate entities and often continue to operate their own separate accounts or private funds. Sub-advisors can and have terminated agreements to launch their own independent ETFs, as the relationship does not grant AdvisorShares exclusivity or ownership over the manager's strategy.

## Related profiles

- [Pacific Shores Investment Advisors](https://altss.com/profile/pacific-shores-investment-advisors)
- [Foundations Financial Planning](https://altss.com/profile/foundations-financial-planning-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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