# Bills Asset Management

> Bills Asset Management is a state-registered investment advisory firm, registered since 2012, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 114520
- Filed as: BILLS ASSET MANAGEMENT
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Registered in Tennessee
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/114520
- AdvisorCensus page: https://advisorcensus.com/firm/bills-asset-management-114520

## Quick answers

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

**Is Bills Asset Management registered with the SEC or a state?**
Bills Asset Management is a state-registered investment advisory firm, registered since 2012. Status as filed: APPROVED. CRD 114520.

**How much does Bills Asset Management manage?**
Bills Asset Management reports $63,172,000 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**What types of clients does Bills Asset Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (179); high net worth individuals (14); charitable organizations (2).

**Does Bills Asset Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/114520

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $63,172,000
- Discretionary: $63,172,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 179 | $29,554,000 |
| High net worth individuals | 14 | $33,090,000 |
| Charitable organizations | 2 | $528,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2012 (14 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bamwrap.blogspot.com
- billsasset.com
- Facebook @BILLS-ASSET-MANAGEMENT-132355053495804
- Facebook @carterbills
- LinkedIn @BOBILLS
- LinkedIn @carter-bills-0655a8a8

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bills Asset Management (CRD 114520): Form ADV filing data as of October 2026.