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THEOREM

NEW YORK, NY · CRD 281280 · IAPD ↗ · pagaya.com · 646-214-8587

$1.03BRegulatory AUM
3Advisory reps
121Employees
0Clients
n/aPlanning clients
3Private funds
0States
2Disclosures
fundSegment
ApprovedSEC status

Filing changes

35
April 2026 — THEOREM reported RAUM down 39% ($1.68B -> $1.03B).
Regulatory AUM down >=25% since last filing.
M&A & valuationRecruiting & transitions
40
April 2026 — THEOREM shrank from 5 to 3 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
15
April 2025 — THEOREM changed its website from theoremlp.com to pagaya.com.
Primary website domain changed (social-media URLs ignored) — usually a rebrand or new site.
Marketing & brand
35
April 2025 — THEOREM moved its main office from SAN MATEO, CA to NEW YORK, NY.
Main office moved to a different city or state.
Office IT & facilitiesMarketing & brand
40
April 2025 — THEOREM shrank from 29 to 5 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
32
April 2024 — THEOREM notice-filed in NY.
Notice-filed in new state(s): the firm is taking clients somewhere new.
ComplianceMarketing & brand
35
April 2024 — THEOREM reported RAUM down 27% ($2.75B -> $2.02B).
Regulatory AUM down >=25% since last filing.
M&A & valuationRecruiting & transitions
40
April 2024 — THEOREM added office(s): 0 -> 1 additional locations.
Count of additional offices increased.
Office IT & facilitiesCRMRecruiting & transitions
63
April 2024 — THEOREM grew from 21 to 29 advisory reps.
Advisory representative count grew materially (>=20% or >=5 reps).
CRMRecruiting & transitionsComplianceFinancial planning software

Data: SEC Form ADV monthly roster (public). Confirm on IAPD before acting.