AdvisorCensus / Financial advisors / New York / New York / First American Asset Advisory, LLC
First American Asset Advisory, LLC
Filed as FIRST AMERICAN ASSET ADVISORY, LLC
First American Asset Advisory, LLC is an SEC-registered investment advisory firm in Garden City, NY, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.
Quick answers
From the filingHow is First American Asset Advisory, LLC compensated?
On its Form ADV (Item 5.E, October 2026), First American Asset Advisory, LLC reports these compensation arrangements: a percentage of assets under its management.
How much does First American Asset Advisory, LLC charge?
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.5% to 2.75% 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 First American Asset Advisory, LLC located?
First American Asset Advisory, LLC's principal office is in Garden City, NY, according to its Form ADV.
Is First American Asset Advisory, LLC registered with the SEC or a state?
First American Asset Advisory, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 282254.
How much does First American Asset Advisory, LLC manage?
First American Asset Advisory, LLC reports $191,788,380 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (0% discretionary).
How have First American Asset Advisory, LLC's assets and staff changed since 2022?
In the Form ADV data for First American Asset Advisory, LLC: Regulatory assets under management: $54,669,010 in the October 2022 data and $191,788,380 in the October 2026 data, up 251%. Total employees: 5 in October 2022 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does First American Asset Advisory, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (266).
Which custodians does First American Asset Advisory, LLC use?
First American Asset Advisory, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists RBC Capital Markets, LLC as a custodian holding 10% or more of its separately managed account assets.
Does First American Asset Advisory, 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/282254
Does First American Asset Advisory, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 31, 2026 says: "First American Asset Advisory generally requires a minimum portfolio value of $250,000 for starting and maintaining an investment management relationship; however, the Firm may waive this requirement at its discretion."
What changed in First American Asset Advisory, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 5 to 6. Regulatory assets under management went from $140,163,741 to $191,788,380 (+37%). Registered or notice-filed in SC.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.5% to 2.75% a year (a range, as the brochure states it)
The brochure's wording
The annual fee for investment management services generally ranges from approximately 0.50% to 2.75% of assets under management, depending on the nature of the services provided, the size and complexity of the account, and other relevant factors.
Account minimum: $250,000 (the brochure says it may be waived or negotiated)
The brochure's wording
First American Asset Advisory generally requires a minimum portfolio value of $250,000 for starting and maintaining an investment management relationship; however, the Firm may waive this requirement at its discretion.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$191,788,380 as of October 2026, filing dated March 31, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- 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)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (4 years)
- Employees
- Total: 8. Performing investment advisory functions: 6.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
8 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $191,788,380 | 8 | March 31, 2026 |
| October 2025 | $140,163,741 | 5 | June 2, 2025 |
| October 2024 | $99,732,399 | 6 | March 29, 2024 |
| October 2023 | $81,390,586 | 6 | March 31, 2023 |
| October 2022 | $54,669,010 | 5 | August 12, 2022 |
Regulatory assets under management: $54,669,010 in the October 2022 data and $191,788,380 in the October 2026 data, up 251%.
Total employees: 5 in October 2022 and 8 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 5 to 6.
- Regulatory assets under management went from $140,163,741 to $191,788,380 (+37%).
- Registered or notice-filed in SC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. First American Asset Advisory, LLC (CRD 282254): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/first-american-asset-advisory-llc-garden-city-ny-282254