# American Assets Investment Management, LLC

> American Assets Investment Management, LLC is an SEC-registered investment advisory firm in San Diego, CA, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 131660
- Filed as: AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Diego, CA
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131660
- AdvisorCensus page: https://advisorcensus.com/firm/american-assets-investment-management-llc-san-diego-ca-131660

## Quick answers

**How is American Assets Investment Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), American Assets Investment Management, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is American Assets Investment Management, LLC located?**
American Assets Investment Management, LLC's principal office is in San Diego, CA, according to its Form ADV.

**Is American Assets Investment Management, LLC registered with the SEC or a state?**
American Assets Investment Management, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 131660.

**How much does American Assets Investment Management, LLC manage?**
American Assets Investment Management, LLC reports $5,868,168,672 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have American Assets Investment Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for American Assets Investment Management, LLC: Regulatory assets under management: $2,611,604,131 in the October 2021 data and $5,868,168,672 in the October 2026 data, up 125%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does American Assets Investment Management, LLC serve?**
By number of clients on Form ADV Item 5.D: insurance companies (7); corporations or other businesses not listed above (3); high net worth individuals (1).

**Which custodians does American Assets Investment Management, LLC use?**
American Assets Investment Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC as a custodian holding 10% or more of its separately managed account assets.

**Does American Assets Investment Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/131660

**What changed in American Assets Investment Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $4,896,842,782 to $5,868,168,672 (+20%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan Securities LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $5,868,168,672
- Discretionary: $5,868,168,672
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 1 | $3,379,112 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $99,869,464 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 7 | $5,753,912,220 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 3 | $11,007,876 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2006 (20 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,611,604,131 | 4 | March 17, 2021 |
| October 2022 | $2,953,579,786 | 4 | March 30, 2022 |
| October 2023 | $3,226,308,228 | 4 | March 9, 2023 |
| October 2024 | $3,955,806,039 | 5 | March 22, 2024 |
| October 2025 | $4,896,842,782 | 5 | March 27, 2025 |
| October 2026 | $5,868,168,672 | 5 | March 25, 2026 |

Regulatory assets under management: $2,611,604,131 in the October 2021 data and $5,868,168,672 in the October 2026 data, up 125%.
Total employees: 4 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $4,896,842,782 to $5,868,168,672 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. American Assets Investment Management, LLC (CRD 131660): Form ADV filing data as of October 2026.