# Carswell Investments, LLC

> Carswell Investments, LLC is an SEC-registered investment advisory firm in East Syracuse, NY, registered since 2011, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 158205
- Filed as: CARSWELL INVESTMENTS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: East Syracuse, NY
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158205
- AdvisorCensus page: https://advisorcensus.com/firm/carswell-investments-llc-east-syracuse-ny-158205

## Quick answers

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

**Where is Carswell Investments, LLC located?**
Carswell Investments, LLC's principal office is in East Syracuse, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Carswell Investments, LLC registered with the SEC or a state?**
Carswell Investments, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158205.

**How much does Carswell Investments, LLC manage?**
Carswell Investments, LLC reports $322,482,128 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).

**How have Carswell Investments, LLC's assets and staff changed since 2021?**
In the Form ADV data for Carswell Investments, LLC: Regulatory assets under management: $239,729,015 in the October 2021 data and $322,482,128 in the October 2026 data, up 35%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Carswell Investments, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (133); high net worth individuals (38); charitable organizations (2).

**Which custodians does Carswell Investments, LLC use?**
Carswell Investments, LLC'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 Carswell Investments, 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/158205

**What changed in Carswell Investments, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $284,584,008 to $322,482,128 (+13%). Registered or notice-filed in NC.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription 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: $322,482,128
- Discretionary: $322,482,128
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 133 | $69,337,241 |
| High net worth individuals | 38 | $222,052,054 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 2 | $27,361,241 |
| 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 | 2 | $3,731,592 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2011 (15 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NC, NY, SC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Daniel Island, SC

### Websites listed on Form ADV (Item 1.I)
- [carswellinvestments.com](https://carswellinvestments.com)
- LinkedIn @CARSWELL-INVESTMENTS-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $239,729,015 | 2 | March 18, 2021 |
| October 2022 | $246,950,449 | 2 | April 28, 2022 |
| October 2023 | $227,637,173 | 2 | March 16, 2023 |
| October 2024 | $260,386,551 | 2 | March 26, 2024 |
| October 2025 | $284,584,008 | 2 | March 27, 2025 |
| October 2026 | $322,482,128 | 2 | March 24, 2026 |

Regulatory assets under management: $239,729,015 in the October 2021 data and $322,482,128 in the October 2026 data, up 35%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $284,584,008 to $322,482,128 (+13%).
- Registered or notice-filed in NC.

### January 2026
- No longer registered or notice-filed in NC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carswell Investments, LLC (CRD 158205): Form ADV filing data as of October 2026.