AdvisorCensus / Financial advisors / Indiana / South Bend / Gap Asset Management, LLC
Gap Asset Management, LLC is an SEC-registered investment advisory firm in South Bend, IN, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 5, 2026.
Quick answers
From the filingHow is Gap Asset Management, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Gap Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.
Where is Gap Asset Management, LLC located?
Gap Asset Management, LLC's principal office is in South Bend, IN, according to its Form ADV; the June 2026 filing also lists 2 other offices (Schedule D, Section 1.F).
Is Gap Asset Management, LLC registered with the SEC or a state?
Gap Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 309925.
How much does Gap Asset Management, LLC manage?
Gap Asset Management, LLC reports $286,973,918 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (100% discretionary).
How have Gap Asset Management, LLC's assets and staff changed since 2021?
In the Form ADV data for Gap Asset Management, LLC: Regulatory assets under management: $269,615,898 in the October 2025 data and $286,973,918 in the October 2026 data, up 6%. Total employees: 12 in October 2025 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Gap Asset Management, LLC serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).
Does Gap 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/309925
What changed in Gap Asset Management, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 11 to 13. Added an office in Naples, FL. Registered or notice-filed in FL.
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
- Performance-based fees
- Other
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 2ASee the firm's brochure (dated March 27, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$286,973,918 as of October 2026, filing dated May 5, 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 pooled investment vehicles (other than investment companies)
- Other
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 14. Performing investment advisory functions: 13.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
2 other offices, as of the June 2026 filing
- States registered or notice-filed
-
3 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 | $286,973,918 | 14 | May 5, 2026 |
| October 2025 | $269,615,898 | 12 | June 25, 2025 |
| October 2024 | Not reported | Not reported | April 25, 2024 |
| October 2023 | Not reported | Not reported | March 31, 2023 |
| October 2022 | Not reported | Not reported | March 30, 2022 |
| October 2021 | Not reported | Not reported | March 31, 2021 |
Regulatory assets under management: $269,615,898 in the October 2025 data and $286,973,918 in the October 2026 data, up 6%.
Total employees: 12 in October 2025 and 14 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 11 to 13.
- Added an office in Naples, FL.
- Registered or notice-filed in FL.
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. Gap Asset Management, LLC (CRD 309925): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/gap-asset-management-llc-south-bend-in-309925