# Boyar Asset Management, Inc.

> Boyar Asset Management, Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 1983, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 18, 2026.

- CRD: 105255
- Filed as: BOYAR ASSET MANAGEMENT, INC.
- Also doing business as: BOYAR VALUE GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: August 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105255
- AdvisorCensus page: https://advisorcensus.com/firm/boyar-asset-management-inc-new-york-ny-105255

## Quick answers

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

**Where is Boyar Asset Management, Inc. located?**
Boyar Asset Management, Inc.'s principal office is in New York, NY, according to its Form ADV.

**Is Boyar Asset Management, Inc. registered with the SEC or a state?**
Boyar Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 105255.

**How much does Boyar Asset Management, Inc. manage?**
Boyar Asset Management, Inc. reports $228,201,061 in regulatory assets under management in its Form ADV filing dated August 18, 2026 (88% discretionary).

**How have Boyar Asset Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Boyar Asset Management, Inc.: Regulatory assets under management: $211,219,482 in the October 2021 data and $228,201,061 in the October 2026 data, up 8%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Boyar Asset Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (94); high net worth individuals (91); corporations or other businesses not listed above (15).

**Which custodians does Boyar Asset Management, Inc. use?**
Boyar Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Boyar Asset Management, Inc. 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/105255

## 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

### Custodians (Schedule D, Section 5.K(3))
- National Financial 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: $228,201,061
- Discretionary: $201,878,975
- Non-discretionary: $26,322,086

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 94 | $23,956,126 |
| High net worth individuals | 91 | $132,013,792 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 1 | $20,402,970 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $20,879,704 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $7,750,812 |
| Charitable organizations | 3 | $4,872,211 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 15 | $18,325,446 |

### 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

### Firm details
- Registered since: 1983 (43 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, NJ, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- boyarassetmanagement.com
- boyarresearch.substack.com
- boyarvaluegroup.com
- Facebook @boyarvalue
- LinkedIn @BOYAR-INTRINSIC-VALUE-RESEARC
- X @BOYARVALUE
- YouTube @boyarvaluegroup3082
- YouTube @theworldaccordingtoboyar1437

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $211,219,482 | 9 | March 30, 2021 |
| October 2022 | $246,485,806 | 9 | March 25, 2022 |
| October 2023 | $198,129,802 | 9 | March 28, 2023 |
| October 2024 | $217,089,272 | 9 | June 14, 2024 |
| October 2025 | $225,827,685 | 9 | May 2, 2025 |
| October 2026 | $228,201,061 | 9 | August 18, 2026 |

Regulatory assets under management: $211,219,482 in the October 2021 data and $228,201,061 in the October 2026 data, up 8%.
Total employees: 9 in October 2021 and 9 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Boyar Asset Management, Inc. (CRD 105255): Form ADV filing data as of October 2026.