{
  "crd_number": 124174,
  "slug": "columbia-asset-management-l-l-c-ann-arbor-mi-124174",
  "primary_business_name": "COLUMBIA ASSET MANAGEMENT, L.L.C.",
  "legal_name": "COLUMBIA ASSET MANAGEMENT, L.L.C.",
  "dbas": [],
  "city": "Ann Arbor",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "11460",
  "metro": {
    "cbsa_code": "11460",
    "common_name": "Ann Arbor",
    "msa_name": "Ann Arbor, MI",
    "path": "/advisors/mi/ann-arbor"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-06-12",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-03-12",
  "carried_forward": false,
  "raum_total": 1200007629.0,
  "raum_discretionary": 1103835022.0,
  "raum_non_discretionary": 96172607.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 7,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 179622667.0,
      "count": 20
    },
    "individuals": {
      "raum": 65672593.0,
      "count": 201
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 954712369.0,
      "count": 210
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MI"
  ],
  "websites": [
    "https://columbiaasset.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124174",
  "city_as_filed": "ANN ARBOR",
  "url": "https://advisorcensus.com/firm/columbia-asset-management-l-l-c-ann-arbor-mi-124174",
  "display_name": "Columbia Asset Management, L.L.C.",
  "summary": "Columbia Asset Management, L.L.C. is an SEC-registered investment advisory firm in Ann Arbor, MI, registered since 2003, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 12, 2026.",
  "citation": "AdvisorCensus. Columbia Asset Management, L.L.C. (CRD 124174): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Columbia Asset Management, L.L.C. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Columbia Asset Management, L.L.C. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does Columbia Asset Management, L.L.C.'s brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 12, 2026 states: Asset-based fee: up to 1% 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 Columbia Asset Management, L.L.C. located?",
      "a": "Columbia Asset Management, L.L.C.'s principal office is in Ann Arbor, MI, according to its Form ADV."
    },
    {
      "q": "Is Columbia Asset Management, L.L.C. registered with the SEC or a state?",
      "a": "Columbia Asset Management, L.L.C. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 124174."
    },
    {
      "q": "How much does Columbia Asset Management, L.L.C. manage?",
      "a": "Columbia Asset Management, L.L.C. reports $1,200,007,629 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (92% discretionary)."
    },
    {
      "q": "How have Columbia Asset Management, L.L.C.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Columbia Asset Management, L.L.C.: Regulatory assets under management: $706,913,352 in the October 2021 data and $1,200,007,629 in the October 2026 data, up 70%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Columbia Asset Management, L.L.C. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (210); individuals (other than high net worth individuals) (201); charitable organizations (20)."
    },
    {
      "q": "Which custodians does Columbia Asset Management, L.L.C. use?",
      "a": "Columbia Asset Management, L.L.C.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Columbia Asset Management, L.L.C. 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/124174"
    },
    {
      "q": "Does Columbia Asset Management, L.L.C. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 12, 2026 says: \"We don’t charge a minimum fee.\" \"CAM has no relationship minimum size.\""
    },
    {
      "q": "What changed in Columbia Asset Management, L.L.C.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 4 to 6. Regulatory assets under management went from $1,051,081,664 to $1,200,007,629 (+14%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 706913352.0,
      "total_employees": 6,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 858842967.0,
      "total_employees": 6,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 794811645.0,
      "total_employees": 6,
      "filing_date": "2023-04-06"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 979856441.0,
      "total_employees": 7,
      "filing_date": "2024-05-23"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1051081664.0,
      "total_employees": 6,
      "filing_date": "2025-04-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1200007629.0,
      "total_employees": 7,
      "filing_date": "2026-03-12"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 6.",
        "Regulatory assets under management went from $1,051,081,664 to $1,200,007,629 (+14%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 12, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1% of assets a year",
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Our standard fee schedule for our clients is no more than 1% on the balance of the account, or a fixed agreed upon fee."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "We don’t charge a minimum fee.",
          "CAM has no relationship minimum size."
        ]
      }
    ],
    "quotes": [
      "Our standard fee schedule for our clients is no more than 1% on the balance of the account, or a fixed agreed upon fee.",
      "We don’t charge a minimum fee.",
      "CAM has no relationship minimum size."
    ],
    "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
    }
  ],
  "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/columbia-asset-management-l-l-c-ann-arbor-mi-124174.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 201,
      "fewer_than_5": false,
      "raum": 65672593.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 210,
      "fewer_than_5": false,
      "raum": 954712369.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 20,
      "fewer_than_5": false,
      "raum": 179622667.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/124174",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}