# 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.

- CRD: 145463
- Filed as: BERKSHIRE ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wilkes-Barre, PA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145463
- AdvisorCensus page: https://advisorcensus.com/firm/berkshire-asset-management-llc-wilkes-barre-pa-145463

## Quick answers

**How 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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Minimum annual fee: $7,500

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Wells Fargo Clearing Services, 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: $2,789,031,590
- Discretionary: $2,684,791,490
- Non-discretionary: $104,240,100

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4 | $1,172,834 |
| High net worth individuals | 2,318 | $2,361,811,216 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $8,687,185 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $28,281,044 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 63 | $70,177,208 |
| Charitable organizations | 64 | $206,382,991 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 1 | $20,774,422 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 26 | $91,744,690 |
| Other | 0 | $0 |

### 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)

### Firm details
- Registered since: 2007 (19 years)
- Employees: 11 total, 6 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [berkmgt.com](https://berkmgt.com)
- [berkshireasset.com](https://berkshireasset.com)
- LinkedIn @BERKSHIRE-ASSET-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,750,983,612 | 10 | March 30, 2021 |
| October 2022 | $2,056,985,431 | 10 | March 31, 2022 |
| October 2023 | $2,132,764,551 | 10 | March 31, 2023 |
| October 2024 | $2,312,342,944 | 10 | April 3, 2024 |
| October 2025 | $2,537,174,815 | 10 | March 20, 2025 |
| October 2026 | $2,789,031,590 | 11 | March 30, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in HI, MN, MT, ND.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Berkshire Asset Management, LLC (CRD 145463): Form ADV filing data as of October 2026.