{
  "crd_number": 107033,
  "slug": "fuller-and-thaler-asset-management-inc-san-mateo-ca-107033",
  "primary_business_name": "FULLER & THALER ASSET MANAGEMENT INC",
  "legal_name": "FULLER & THALER ASSET MANAGEMENT INC",
  "dbas": [
    "FULLERTHALER"
  ],
  "city": "San Mateo",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1993-05-13",
  "years_registered": 33,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 30253445005.0,
  "raum_discretionary": 30253445005.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 30,
  "advisory_employees": 11,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 473803741.0,
      "count": 19,
      "description": "UNION, NUCLEAR DECOMMISIONING TRUST"
    },
    "charitable": {
      "raum": 705279609.0,
      "count": 75
    },
    "individuals": {
      "raum": 1998722175.0,
      "count": 5559
    },
    "banking_thrift": {
      "raum": 460859.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 519876310.0,
      "count": 9
    },
    "insurance_companies": {
      "raum": 3551390.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 25021256240.0,
      "count": 8
    },
    "pension_profit_sharing": {
      "raum": 531191029.0,
      "count": 21
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 392430304.0,
      "count": 197
    },
    "pooled_investment_vehicles": {
      "raum": 153136045.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 453737303.0,
      "count": 235
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/fullerthaler",
    "https://fullerthaler.com",
    "https://fullerthalerfunds.com",
    "https://instagram.com/fullerthaler",
    "https://linkedin.com/COMPANY/FULLERTHALER",
    "https://x.com/FullerThaler",
    "https://youtube.com/@fullerthaler"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107033",
  "city_as_filed": "SAN MATEO",
  "url": "https://advisorcensus.com/firm/fuller-and-thaler-asset-management-inc-san-mateo-ca-107033",
  "display_name": "Fuller & Thaler Asset Management Inc",
  "summary": "Fuller & Thaler Asset Management Inc is an SEC-registered investment advisory firm in San Mateo, CA, registered since 1993, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Fuller & Thaler Asset Management Inc (CRD 107033): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Fuller & Thaler Asset Management Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Fuller & Thaler Asset Management Inc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Fuller & Thaler Asset Management Inc located?",
      "a": "Fuller & Thaler Asset Management Inc's principal office is in San Mateo, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Fuller & Thaler Asset Management Inc registered with the SEC or a state?",
      "a": "Fuller & Thaler Asset Management Inc is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 107033."
    },
    {
      "q": "How much does Fuller & Thaler Asset Management Inc manage?",
      "a": "Fuller & Thaler Asset Management Inc reports $30,253,445,005 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Fuller & Thaler Asset Management Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Fuller & Thaler Asset Management Inc: Regulatory assets under management: $11,076,110,488 in the October 2021 data and $30,253,445,005 in the October 2026 data, up 173%. Total employees: 20 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Fuller & Thaler Asset Management Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (5,559); corporations or other businesses not listed above (235); high net worth individuals (197)."
    },
    {
      "q": "Which custodians does Fuller & Thaler Asset Management Inc use?",
      "a": "Fuller & Thaler Asset Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley & Co. LLC, Northern Trust Company and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Fuller & Thaler Asset Management Inc 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/107033"
    },
    {
      "q": "What changed in Fuller & Thaler Asset Management Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $27,112,656,097 to $30,253,445,005 (+12%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 11076110488.0,
      "total_employees": 20,
      "filing_date": "2021-03-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 17584077100.0,
      "total_employees": 20,
      "filing_date": "2022-06-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 16360992271.0,
      "total_employees": 21,
      "filing_date": "2023-03-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 20397025075.0,
      "total_employees": 27,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 27112656097.0,
      "total_employees": 28,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 30253445005.0,
      "total_employees": 30,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $27,112,656,097 to $30,253,445,005 (+12%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Morgan Stanley & Co. LLC",
      "name_as_filed": "MORGAN STANLEY & CO. LLC",
      "affiliated": false
    },
    {
      "name": "Northern Trust Company",
      "name_as_filed": "NORTHERN TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "UBS Financial Services Inc.",
      "name_as_filed": "UBS FINANCIAL SERVICES INC.",
      "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/fuller-and-thaler-asset-management-inc-san-mateo-ca-107033.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 5559,
      "fewer_than_5": false,
      "raum": 1998722175.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 197,
      "fewer_than_5": false,
      "raum": 392430304.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 460859.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 8,
      "fewer_than_5": false,
      "raum": 25021256240.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 153136045.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 21,
      "fewer_than_5": false,
      "raum": 531191029.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 75,
      "fewer_than_5": false,
      "raum": 705279609.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 519876310.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 3551390.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 235,
      "fewer_than_5": false,
      "raum": 453737303.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 19,
      "fewer_than_5": false,
      "raum": 473803741.0
    }
  ],
  "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/107033",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}