{
  "crd_number": 155436,
  "slug": "empirical-asset-management-llc-wellesley-ma-155436",
  "primary_business_name": "EMPIRICAL ASSET MANAGEMENT, LLC",
  "legal_name": "EMPIRICAL ASSET MANAGEMENT, LLC",
  "dbas": [
    "BOSTON PLATINUM MANAGEMENT",
    "KEARSAGE INVESTMENT ADVISORS",
    "PENTA WEALTH MANAGEMENT, LLC"
  ],
  "city": "Wellesley",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2010-11-23",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-07-07",
  "carried_forward": false,
  "raum_total": 560018982.0,
  "raum_discretionary": 539665045.0,
  "raum_non_discretionary": 20353937.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 14,
  "advisory_employees": 10,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 4269796.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 74819816.0,
      "count": 190
    },
    "pension_profit_sharing": {
      "raum": 35336115.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 422745814.0,
      "count": 267
    },
    "pooled_investment_vehicles": {
      "raum": 444683.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 22402758.0,
      "count": 10
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DE",
    "FL",
    "LA",
    "MA",
    "ME",
    "MN",
    "NC",
    "NH",
    "NJ",
    "NY",
    "PA",
    "RI",
    "SC",
    "TX"
  ],
  "websites": [
    "https://bostonplatinummanagement.com",
    "https://empiricalam.com",
    "https://pentawealthmanagement.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155436",
  "city_as_filed": "WELLESLEY",
  "url": "https://advisorcensus.com/firm/empirical-asset-management-llc-wellesley-ma-155436",
  "display_name": "Empirical Asset Management, LLC",
  "summary": "Empirical Asset Management, LLC is an SEC-registered investment advisory firm in Wellesley, MA, registered since 2010, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 7, 2026.",
  "citation": "AdvisorCensus. Empirical Asset Management, LLC (CRD 155436): 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 pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Empirical Asset Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Empirical Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Empirical Asset Management, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated July 7, 2026 states: Asset-based fee: 0.2% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Empirical Asset Management, LLC located?",
      "a": "Empirical Asset Management, LLC's principal office is in Wellesley, MA, according to its Form ADV; the August 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Empirical Asset Management, LLC registered with the SEC or a state?",
      "a": "Empirical Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 155436."
    },
    {
      "q": "How much does Empirical Asset Management, LLC manage?",
      "a": "Empirical Asset Management, LLC reports $560,018,982 in regulatory assets under management in its Form ADV filing dated July 7, 2026 (96% discretionary)."
    },
    {
      "q": "How have Empirical Asset Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Empirical Asset Management, LLC: Regulatory assets under management: $107,503,168 in the October 2021 data and $560,018,982 in the October 2026 data, up 421%. Total employees: 4 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Empirical Asset Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (267); individuals (other than high net worth individuals) (190); corporations or other businesses not listed above (10)."
    },
    {
      "q": "Which custodians does Empirical Asset Management, LLC use?",
      "a": "Empirical Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Empirical 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/155436"
    },
    {
      "q": "What changed in Empirical Asset Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 11 to 10. Regulatory assets under management went from $467,001,856 to $560,018,982 (+20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 107503168.0,
      "total_employees": 4,
      "filing_date": "2021-08-25"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 204985630.0,
      "total_employees": 7,
      "filing_date": "2022-08-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 290243469.0,
      "total_employees": 11,
      "filing_date": "2023-09-05"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 328685091.0,
      "total_employees": 12,
      "filing_date": "2024-04-04"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 467001856.0,
      "total_employees": 14,
      "filing_date": "2025-05-15"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 560018982.0,
      "total_employees": 14,
      "filing_date": "2026-07-07"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 11 to 10.",
        "Regulatory assets under management went from $467,001,856 to $560,018,982 (+20%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in AZ, CO, ME."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 7, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.2% to 2% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.2% to 2% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Investment management fees range from 0.20% to 2.00% annually based on several factors, including: the complexity of the services to be provided, the level of assets to be managed, and the overall relationship with the Advisor."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.2,
        2.0
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Investment management fees range from 0.20% to 2.00% annually based on several factors, including: the complexity of the services to be provided, the level of assets to be managed, and the overall relationship with the Advisor."
    ],
    "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": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "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/empirical-asset-management-llc-wellesley-ma-155436.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 190,
      "fewer_than_5": false,
      "raum": 74819816.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 267,
      "fewer_than_5": false,
      "raum": 422745814.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 444683.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 35336115.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 4269796.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 10,
      "fewer_than_5": false,
      "raum": 22402758.0
    }
  ],
  "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/155436",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}