{ "crd_number": 131445, "slug": "carret-asset-management-llc-new-york-ny-131445", "primary_business_name": "CARRET ASSET MANAGEMENT, LLC", "legal_name": "CARRET ASSET MANAGEMENT, LLC", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2004-05-17", "years_registered": 22, "period": "2026-10-01", "filing_date": "2026-06-10", "carried_forward": false, "raum_total": 3459799840.0, "raum_discretionary": 3459799840.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 22, "advisory_employees": 10, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 228681443.0, "count": 854 }, "investment_companies": { "raum": 128770267.0, "count": 1 }, "pension_profit_sharing": { "raum": 29316056.0, "count": 15 }, "other_investment_advisers": { "raum": 1641361295.0, "count": 1357 }, "high_net_worth_individuals": { "raum": 1207046842.0, "count": 367 }, "corporations_other_businesses": { "raum": 224623937.0, "count": 39 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_investment_companies" ], "wrap_fee_participant": true, "disclosure_yes_count": 0, "states_registered": [ "AK", "AZ", "CA", "CO", "CT", "DC", "FL", "GA", "ID", "IL", "KS", "LA", "MA", "MD", "ME", "MN", "MT", "NC", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "SC", "SD", "TX", "UT", "VA", "VT", "WA", "WI" ], "websites": [ "https://carret.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/131445", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/carret-asset-management-llc-new-york-ny-131445", "display_name": "Carret Asset Management, LLC", "summary": "Carret Asset Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2004, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 10, 2026.", "citation": "AdvisorCensus. Carret Asset Management, LLC (CRD 131445): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "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 businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Carret Asset Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Carret Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "How much does Carret Asset Management, LLC charge?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Carret Asset Management, LLC located?", "a": "Carret Asset Management, LLC's principal office is in New York, NY, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Carret Asset Management, LLC registered with the SEC or a state?", "a": "Carret Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131445." }, { "q": "How much does Carret Asset Management, LLC manage?", "a": "Carret Asset Management, LLC reports $3,459,799,840 in regulatory assets under management in its Form ADV filing dated June 10, 2026 (100% discretionary)." }, { "q": "How have Carret Asset Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Carret Asset Management, LLC: Regulatory assets under management: $3,085,921,897 in the October 2021 data and $3,459,799,840 in the October 2026 data, up 12%. Total employees: 23 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Carret Asset Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: other investment advisers (1,357); individuals (other than high net worth individuals) (854); high net worth individuals (367)." }, { "q": "Which custodians does Carret Asset Management, LLC use?", "a": "Carret Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., National Financial Services LLC and Reliance Trust / FIS Global as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Carret 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/131445" }, { "q": "Does Carret Asset Management, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"We do not require a minimum amount to open an account.\"" }, { "q": "What changed in Carret Asset Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Changed its office addresses in Denver, CO." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3085921897.0, "total_employees": 23, "filing_date": "2021-07-22" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3407625984.0, "total_employees": 22, "filing_date": "2022-08-15" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3022824356.0, "total_employees": 24, "filing_date": "2023-04-20" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3115450861.0, "total_employees": 23, "filing_date": "2024-04-04" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3232347470.0, "total_employees": 22, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3459799840.0, "total_employees": 22, "filing_date": "2026-06-10" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Changed its office addresses in Denver, CO." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": "1.25% of assets a year", "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states)" ], "quotes": [ "Registrant’s fee is negotiable and will not exceed 1.25% under any circumstances.", "Registrant will individually negotiate fees with each client, with annual fees not exceeding 1.25% of assets placed under Registrant’s management." ] }, { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "We do not require a minimum amount to open an account." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": 1.25, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Registrant’s fee is negotiable and will not exceed 1.25% under any circumstances.", "Registrant will individually negotiate fees with each client, with annual fees not exceeding 1.25% of assets placed under Registrant’s management.", "We do not require a minimum amount to open an account." ], "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": "National Financial Services LLC", "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC", "affiliated": false }, { "name": "Reliance Trust / FIS Global", "name_as_filed": "RELIANCE TRUST / FIS GLOBAL", "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/carret-asset-management-llc-new-york-ny-131445.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 854, "fewer_than_5": false, "raum": 228681443.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 367, "fewer_than_5": false, "raum": 1207046842.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 1, "fewer_than_5": false, "raum": 128770267.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 15, "fewer_than_5": false, "raum": 29316056.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 1357, "fewer_than_5": false, "raum": 1641361295.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 39, "fewer_than_5": false, "raum": 224623937.0 } ], "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/131445", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }