# Columbia Asset Management, L.L.C.

> 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.

- CRD: 124174
- Filed as: COLUMBIA ASSET MANAGEMENT, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Ann Arbor, MI
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/124174
- AdvisorCensus page: https://advisorcensus.com/firm/columbia-asset-management-l-l-c-ann-arbor-mi-124174

## Quick answers

**How is Columbia Asset Management, L.L.C. compensated?**
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).

**What does Columbia Asset Management, L.L.C.'s brochure say about its fees?**
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.

**Where is Columbia Asset Management, L.L.C. located?**
Columbia Asset Management, L.L.C.'s principal office is in Ann Arbor, MI, according to its Form ADV.

**Is Columbia Asset Management, L.L.C. registered with the SEC or a state?**
Columbia Asset Management, L.L.C. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 124174.

**How much does Columbia Asset Management, L.L.C. manage?**
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).

**How have Columbia Asset Management, L.L.C.'s assets and staff changed since 2021?**
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.

**What types of clients does Columbia Asset Management, L.L.C. serve?**
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).

**Which custodians does Columbia Asset Management, L.L.C. use?**
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.

**Does Columbia Asset Management, L.L.C. 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/124174

**Does Columbia Asset Management, L.L.C. state an account minimum?**
Its Form ADV Part 2A brochure dated March 12, 2026 says: "We don’t charge a minimum fee." "CAM has no relationship minimum size."

**What changed in Columbia Asset Management, L.L.C.'s recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 12, 2026)

- Asset-based fee: up to 1% of assets a year (the maximum the brochure states)

> Our standard fee schedule for our clients is no more than 1% on the balance of the account, or a fixed agreed upon fee.

- Account minimum: None

> We don’t charge a minimum fee.

> CAM has no relationship minimum size.

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.

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: $1,200,007,629
- Discretionary: $1,103,835,022
- Non-discretionary: $96,172,607

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 201 | $65,672,593 |
| High net worth individuals | 210 | $954,712,369 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 20 | $179,622,667 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2003 (23 years)
- Employees: 7 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $706,913,352 | 6 | March 31, 2021 |
| October 2022 | $858,842,967 | 6 | March 30, 2022 |
| October 2023 | $794,811,645 | 6 | April 6, 2023 |
| October 2024 | $979,856,441 | 7 | May 23, 2024 |
| October 2025 | $1,051,081,664 | 6 | April 8, 2025 |
| October 2026 | $1,200,007,629 | 7 | March 12, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Columbia Asset Management, L.L.C. (CRD 124174): Form ADV filing data as of October 2026.