# First Tryon Advisors

> First Tryon Advisors is an SEC-registered investment advisory firm in Charlotte, NC, registered since 2024, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 24, 2026.

- CRD: 332377
- Filed as: FIRST TRYON ADVISORS
- Legal name: FTA Asset Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Charlotte, NC
- Filing period: October 2026
- Form ADV filing dated: September 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/332377
- AdvisorCensus page: https://advisorcensus.com/firm/first-tryon-advisors-charlotte-nc-332377

## Quick answers

**How is First Tryon Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), First Tryon Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is First Tryon Advisors located?**
First Tryon Advisors' principal office is in Charlotte, NC, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is First Tryon Advisors registered with the SEC or a state?**
First Tryon Advisors is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 332377.

**How much does First Tryon Advisors manage?**
First Tryon Advisors reports $1,010,934,630 in regulatory assets under management in its Form ADV filing dated September 24, 2026 (1% discretionary).

**How have First Tryon Advisors' assets and staff changed since 2024?**
In the Form ADV data for First Tryon Advisors: Regulatory assets under management: $0 in the October 2024 data and $1,010,934,630 in the October 2026 data. Total employees: 10 in October 2024 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does First Tryon Advisors serve?**
By number of clients on Form ADV Item 5.D: charitable organizations (14).

**Does First Tryon Advisors 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/332377

**What changed in First Tryon Advisors' recent Form ADV filings?**
In the October 2026 filing data: 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)

### Regulatory assets under management (Item 5.F)
- Total: $1,010,934,630
- Discretionary: $12,082,469
- Non-discretionary: $998,852,161

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Charitable organizations | 14 | $127,632,176 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $883,302,454 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2024 (2 years)
- Employees: 13 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MD, NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Annapolis, MD
- Tampa, FL

### Websites listed on Form ADV (Item 1.I)
- firsttryon.com
- wyeriver.com
- LinkedIn @first-tryon-advisors
- LinkedIn @wye-river-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $0 | 10 | September 25, 2024 |
| October 2025 | $123,161,860 | 10 | January 24, 2025 |
| October 2026 | $1,010,934,630 | 13 | September 24, 2026 |

Regulatory assets under management: $0 in the October 2024 data and $1,010,934,630 in the October 2026 data.
Total employees: 10 in October 2024 and 13 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $123,161,860 to $1,010,934,630 (+721%).
- Changed its office addresses in Annapolis, MD.
- Added an office in Tampa, FL.
- Registered or notice-filed in FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Tryon Advisors (CRD 332377): Form ADV filing data as of October 2026.