# Carret Asset Management, LLC

> 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.

- CRD: 131445
- Filed as: CARRET ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131445
- AdvisorCensus page: https://advisorcensus.com/firm/carret-asset-management-llc-new-york-ny-131445

## Quick answers

**How is Carret Asset Management, LLC compensated?**
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.

**How much does Carret Asset Management, LLC charge?**
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.

**Where is Carret Asset Management, LLC located?**
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).

**Is Carret Asset Management, LLC registered with the SEC or a state?**
Carret Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131445.

**How much does Carret Asset Management, LLC manage?**
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).

**How have Carret Asset Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Carret Asset Management, LLC serve?**
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).

**Which custodians does Carret Asset Management, LLC use?**
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.

**Does Carret 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/131445

**Does Carret Asset Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "We do not require a minimum amount to open an account."

**What changed in Carret Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Changed its office addresses in Denver, CO.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states)

> 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.

- Account minimum: None

> We do not require a minimum amount to open an account.

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.
- National Financial Services LLC
- Reliance Trust / FIS Global

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: $3,459,799,840
- Discretionary: $3,459,799,840
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 854 | $228,681,443 |
| High net worth individuals | 367 | $1,207,046,842 |
| Investment companies | 1 | $128,770,267 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $29,316,056 |
| Other investment advisers | 1,357 | $1,641,361,295 |
| Corporations or other businesses not listed above | 39 | $224,623,937 |

### 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 businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2004 (22 years)
- Employees: 22 total, 10 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Denver, CO

### Websites listed on Form ADV (Item 1.I)
- carret.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,085,921,897 | 23 | July 22, 2021 |
| October 2022 | $3,407,625,984 | 22 | August 15, 2022 |
| October 2023 | $3,022,824,356 | 24 | April 20, 2023 |
| October 2024 | $3,115,450,861 | 23 | April 4, 2024 |
| October 2025 | $3,232,347,470 | 22 | March 31, 2025 |
| October 2026 | $3,459,799,840 | 22 | June 10, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Changed its office addresses in Denver, CO.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carret Asset Management, LLC (CRD 131445): Form ADV filing data as of October 2026.