# Empirical Asset Management, LLC

> 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.

- CRD: 155436
- Filed as: EMPIRICAL ASSET MANAGEMENT, LLC
- Also doing business as: BOSTON PLATINUM MANAGEMENT, KEARSAGE INVESTMENT ADVISORS, PENTA WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wellesley, MA
- Filing period: October 2026
- Form ADV filing dated: July 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155436
- AdvisorCensus page: https://advisorcensus.com/firm/empirical-asset-management-llc-wellesley-ma-155436

## Quick answers

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

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

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

**Is Empirical Asset Management, LLC registered with the SEC or a state?**
Empirical Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 155436.

**How much does Empirical Asset Management, LLC manage?**
Empirical Asset Management, LLC reports $560,018,982 in regulatory assets under management in its Form ADV filing dated July 7, 2026 (96% discretionary).

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

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

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

**Does Empirical 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/155436

**What changed in Empirical Asset Management, LLC's recent Form ADV filings?**
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%).

## 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 July 7, 2026)

- Asset-based fee: 0.2% to 2% a year (a range, as the brochure states it)

> 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.

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.
- Fidelity Brokerage 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: $560,018,982
- Discretionary: $539,665,045
- Non-discretionary: $20,353,937

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 190 | $74,819,816 |
| High net worth individuals | 267 | $422,745,814 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $444,683 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $35,336,115 |
| Charitable organizations | Fewer than 5 | $4,269,796 |
| Corporations or other businesses not listed above | 10 | $22,402,758 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2010 (15 years)
- Employees: 14 total, 10 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, CT, DE, FL, LA, MA, ME, MN, NC, NH, NJ, NY, PA, RI, SC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Hull, MA
- Needham, MA
- Warner, NH

### Websites listed on Form ADV (Item 1.I)
- [bostonplatinummanagement.com](https://bostonplatinummanagement.com)
- [empiricalam.com](https://empiricalam.com)
- [pentawealthmanagement.com](https://pentawealthmanagement.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $107,503,168 | 4 | August 25, 2021 |
| October 2022 | $204,985,630 | 7 | August 16, 2022 |
| October 2023 | $290,243,469 | 11 | September 5, 2023 |
| October 2024 | $328,685,091 | 12 | April 4, 2024 |
| October 2025 | $467,001,856 | 14 | May 15, 2025 |
| October 2026 | $560,018,982 | 14 | July 7, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 11 to 10.
- Regulatory assets under management went from $467,001,856 to $560,018,982 (+20%).

### December 2025
- Registered or notice-filed in AZ, CO, ME.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Empirical Asset Management, LLC (CRD 155436): Form ADV filing data as of October 2026.