AdvisorCensus / Financial advisors / Pennsylvania / Scranton / Berkshire Asset Management, LLC
Berkshire Asset Management, LLC is an SEC-registered investment advisory firm in Wilkes-Barre, PA, registered since 2007, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Berkshire Asset Management, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Berkshire Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.
Where is Berkshire Asset Management, LLC located?
Berkshire Asset Management, LLC's principal office is in Wilkes-Barre, PA, according to its Form ADV.
Is Berkshire Asset Management, LLC registered with the SEC or a state?
Berkshire Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 145463.
How much does Berkshire Asset Management, LLC manage?
Berkshire Asset Management, LLC reports $2,789,031,590 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (96% discretionary).
How have Berkshire Asset Management, LLC's assets and staff changed since 2021?
In the Form ADV data for Berkshire Asset Management, LLC: Regulatory assets under management: $1,750,983,612 in the October 2021 data and $2,789,031,590 in the October 2026 data, up 59%. Total employees: 10 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Berkshire Asset Management, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (2,318); charitable organizations (64); pension and profit sharing plans (but not the plan participants or government pension plans) (63).
Which custodians does Berkshire Asset Management, LLC use?
Berkshire Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Wells Fargo Clearing Services, LLC as custodians holding 10% or more of its separately managed account assets.
Does Berkshire 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/145463
What changed in Berkshire Asset Management, LLC's recent Form ADV filings?
In the April 2026 filing data: Registered or notice-filed in HI, MN, MT, ND.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Minimum annual fee: $7,500
The brochure's wording
A s uggested minimum annual management fee is $7,500. Minimums are negotiable and can be waived at the discretion of a Portfolio Manager.
As stated in the firm's Form ADV Part 2A brochure dated March 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$2,789,031,590 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2007 (19 years)
- Employees
- Total: 11. Performing investment advisory functions: 6.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
40 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $2,789,031,590 | 11 | March 30, 2026 |
| October 2025 | $2,537,174,815 | 10 | March 20, 2025 |
| October 2024 | $2,312,342,944 | 10 | April 3, 2024 |
| October 2023 | $2,132,764,551 | 10 | March 31, 2023 |
| October 2022 | $2,056,985,431 | 10 | March 31, 2022 |
| October 2021 | $1,750,983,612 | 10 | March 30, 2021 |
Regulatory assets under management: $1,750,983,612 in the October 2021 data and $2,789,031,590 in the October 2026 data, up 59%.
Total employees: 10 in October 2021 and 11 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Registered or notice-filed in HI, MN, MT, ND.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Berkshire Asset Management, LLC (CRD 145463): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/berkshire-asset-management-llc-wilkes-barre-pa-145463