{
  "crd_number": 145463,
  "slug": "berkshire-asset-management-llc-wilkes-barre-pa-145463",
  "primary_business_name": "BERKSHIRE ASSET MANAGEMENT, LLC",
  "legal_name": "BERKSHIRE ASSET MANAGEMENT, LLC",
  "dbas": [],
  "city": "Wilkes-Barre",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "42540",
  "metro": {
    "cbsa_code": "42540",
    "common_name": "Scranton",
    "msa_name": "Scranton--Wilkes-Barre, PA",
    "path": "/advisors/pa/scranton"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-07-01",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 2789031590.0,
  "raum_discretionary": 2684791490.0,
  "raum_non_discretionary": 104240100.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 11,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 206382991.0,
      "count": 64
    },
    "individuals": {
      "raum": 1172834.0,
      "count": 4,
      "fewer_than_5": true
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 20774422.0,
      "count": 1,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 8687185.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 70177208.0,
      "count": 63
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 2361811216.0,
      "count": 2318
    },
    "pooled_investment_vehicles": {
      "raum": 28281044.0,
      "count": 2
    },
    "corporations_other_businesses": {
      "raum": 91744690.0,
      "count": 26
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DE",
    "FL",
    "GA",
    "HI",
    "IL",
    "IN",
    "KY",
    "LA",
    "MA",
    "MD",
    "MI",
    "MN",
    "MO",
    "MT",
    "NC",
    "ND",
    "NH",
    "NJ",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://berkmgt.com",
    "https://berkshireasset.com",
    "https://linkedin.com/COMPANY/BERKSHIRE-ASSET-MANAGEMENT"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145463",
  "city_as_filed": "WILKES-BARRE",
  "url": "https://advisorcensus.com/firm/berkshire-asset-management-llc-wilkes-barre-pa-145463",
  "display_name": "Berkshire Asset Management, LLC",
  "summary": "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.",
  "citation": "AdvisorCensus. Berkshire Asset Management, LLC (CRD 145463): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is Berkshire Asset Management, LLC compensated?",
      "a": "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."
    },
    {
      "q": "Where is Berkshire Asset Management, LLC located?",
      "a": "Berkshire Asset Management, LLC's principal office is in Wilkes-Barre, PA, according to its Form ADV."
    },
    {
      "q": "Is Berkshire Asset Management, LLC registered with the SEC or a state?",
      "a": "Berkshire Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 145463."
    },
    {
      "q": "How much does Berkshire Asset Management, LLC manage?",
      "a": "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)."
    },
    {
      "q": "How have Berkshire Asset Management, LLC's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Berkshire Asset Management, LLC serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Berkshire Asset Management, LLC use?",
      "a": "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."
    },
    {
      "q": "Does Berkshire Asset Management, LLC report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Berkshire Asset Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Registered or notice-filed in HI, MN, MT, ND."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1750983612.0,
      "total_employees": 10,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2056985431.0,
      "total_employees": 10,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2132764551.0,
      "total_employees": 10,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2312342944.0,
      "total_employees": 10,
      "filing_date": "2024-04-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2537174815.0,
      "total_employees": 10,
      "filing_date": "2025-03-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2789031590.0,
      "total_employees": 11,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Registered or notice-filed in HI, MN, MT, ND."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$7,500",
    "figures": [
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $7,500"
        ],
        "quotes": [
          "A s uggested minimum annual management fee is $7,500. Minimums are negotiable and can be waived at the discretion of a Portfolio Manager."
        ]
      }
    ],
    "quotes": [
      "A s uggested minimum annual management fee is $7,500. Minimums are negotiable and can be waived at the discretion of a Portfolio Manager."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Wells Fargo Clearing Services, LLC",
      "name_as_filed": "WELLS FARGO CLEARING SERVICES, LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/berkshire-asset-management-llc-wilkes-barre-pa-145463.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 4,
      "fewer_than_5": true,
      "raum": 1172834.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 2318,
      "fewer_than_5": false,
      "raum": 2361811216.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 8687185.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 28281044.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 63,
      "fewer_than_5": false,
      "raum": 70177208.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 64,
      "fewer_than_5": false,
      "raum": 206382991.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": true,
      "raum": 20774422.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 26,
      "fewer_than_5": false,
      "raum": 91744690.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145463",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}