# Bayard Asset Management LLC

> Bayard Asset Management LLC is an SEC-registered investment advisory firm in Princeton, NJ, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 177515
- Filed as: BAYARD ASSET MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Princeton, NJ
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/177515
- AdvisorCensus page: https://advisorcensus.com/firm/bayard-asset-management-llc-princeton-nj-177515

## Quick answers

**How is Bayard Asset Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bayard Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Bayard Asset Management LLC located?**
Bayard Asset Management LLC's principal office is in Princeton, NJ, according to its Form ADV.

**Is Bayard Asset Management LLC registered with the SEC or a state?**
Bayard Asset Management LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 177515.

**How much does Bayard Asset Management LLC manage?**
Bayard Asset Management LLC reports $397,263,409 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Bayard Asset Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Bayard Asset Management LLC: Regulatory assets under management: $100,974,713 in the October 2021 data and $397,263,409 in the October 2026 data, up 293%. Total employees: 5 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bayard Asset Management LLC serve?**
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (4); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Bayard Asset Management LLC use?**
Bayard Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon, JPMorgan Chase & Co. and State Street Corporation as custodians holding 10% or more of its separately managed account assets.

**Does Bayard Asset 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/177515

**What changed in Bayard Asset Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $313,754,857 to $397,263,409 (+27%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Bank of New York Mellon
- JPMorgan Chase & Co.
- State Street Corporation

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: $397,263,409
- Discretionary: $397,263,409
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| 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 | $112,602,036 |
| 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) | 4 | $284,661,373 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- 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: 2017 (8 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [bayardasset.com](https://bayardasset.com)
- LinkedIn @BAYARD-ASSET-MANAGEMENT-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $100,974,713 | 5 | March 31, 2021 |
| October 2022 | $92,914,314 | 3 | March 28, 2022 |
| October 2023 | $108,733,765 | 3 | March 30, 2023 |
| October 2024 | $103,036,237 | 3 | March 19, 2024 |
| October 2025 | $313,754,857 | 4 | March 28, 2025 |
| October 2026 | $397,263,409 | 4 | March 30, 2026 |

Regulatory assets under management: $100,974,713 in the October 2021 data and $397,263,409 in the October 2026 data, up 293%.
Total employees: 5 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $313,754,857 to $397,263,409 (+27%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bayard Asset Management LLC (CRD 177515): Form ADV filing data as of October 2026.