# Hunter Associates LLC

> Hunter Associates LLC is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 1992, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.

- CRD: 30177
- Filed as: HUNTER ASSOCIATES LLC
- Legal name: Hunter Associates Investment Management LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: July 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/30177
- AdvisorCensus page: https://advisorcensus.com/firm/hunter-associates-llc-pittsburgh-pa-30177

## Quick answers

**How is Hunter Associates LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Hunter Associates LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does Hunter Associates LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.95% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Hunter Associates LLC located?**
Hunter Associates LLC's principal office is in Pittsburgh, PA, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Hunter Associates LLC registered with the SEC or a state?**
Hunter Associates LLC is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 30177.

**How much does Hunter Associates LLC manage?**
Hunter Associates LLC reports $1,339,005,097 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (100% discretionary).

**How have Hunter Associates LLC's assets and staff changed since 2021?**
In the Form ADV data for Hunter Associates LLC: Regulatory assets under management: $850,710,925 in the October 2021 data and $1,339,005,097 in the October 2026 data, up 57%. Total employees: 12 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 Hunter Associates LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (930); high net worth individuals (263); charitable organizations (26).

**Which custodians does Hunter Associates LLC use?**
Hunter Associates LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Hunter Associates 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/30177

**What changed in Hunter Associates LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,201,488,433 to $1,339,005,097 (+11%). Registered or notice-filed in ID, NE. 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
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 0.95% of assets a year

> The advisory management fee will be pro-rated and charged quarterly, to be paid in advance, based upon the amount of assets under management at the beginning of the quarter according to the following schedule: Management fee charged annually 0.95%

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing 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: $1,339,005,097
- Discretionary: $1,337,911,586
- Non-discretionary: $1,093,511

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 930 | $247,170,751 |
| High net worth individuals | 263 | $971,646,380 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $2,206,248 |
| Charitable organizations | 26 | $75,364,914 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 15 | $42,616,804 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- 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)
- Other

### Firm details
- Registered since: 1992 (34 years)
- Employees: 14 total, 14 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, CT, DC, FL, GA, ID, IL, IN, KY, MA, MD, ME, MI, MN, MO, NC, NE, NH, NJ, NY, OH, OR, PA, SC, TN, TX, UT, VA, WA, WI
- 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
- Salem, OH

### Websites listed on Form ADV (Item 1.I)
- hunterassociates.com
- LinkedIn @hunter-associates-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $850,710,925 | 12 | March 31, 2021 |
| October 2022 | $1,004,867,214 | 12 | September 20, 2022 |
| October 2023 | $832,712,608 | 13 | August 4, 2023 |
| October 2024 | $1,012,542,712 | 13 | April 24, 2024 |
| October 2025 | $1,201,488,433 | 14 | March 31, 2025 |
| October 2026 | $1,339,005,097 | 14 | July 30, 2026 |

Regulatory assets under management: $850,710,925 in the October 2021 data and $1,339,005,097 in the October 2026 data, up 57%.
Total employees: 12 in October 2021 and 14 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,201,488,433 to $1,339,005,097 (+11%).
- Registered or notice-filed in ID, NE.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in NV.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hunter Associates LLC (CRD 30177): Form ADV filing data as of October 2026.