# ITS Asset Management, L.P.

> ITS Asset Management, L.P. is an SEC-registered investment advisory firm in North Haven, CT, registered since 1971, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 9, 2026.

- CRD: 106977
- Filed as: ITS ASSET MANAGEMENT, L.P.
- Also doing business as: PTS ASSET MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: North Haven, CT
- Filing period: October 2026
- Form ADV filing dated: June 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106977
- AdvisorCensus page: https://advisorcensus.com/firm/its-asset-management-l-p-north-haven-ct-106977

## Quick answers

**How is ITS Asset Management, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), ITS Asset Management, L.P. reports these compensation arrangements: a percentage of assets under its management.

**Where is ITS Asset Management, L.P. located?**
ITS Asset Management, L.P.'s principal office is in North Haven, CT, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is ITS Asset Management, L.P. registered with the SEC or a state?**
ITS Asset Management, L.P. is an SEC-registered investment advisory firm, registered since 1971. Status as filed: Approved. CRD 106977.

**How much does ITS Asset Management, L.P. manage?**
ITS Asset Management, L.P. reports $297,803,611 in regulatory assets under management in its Form ADV filing dated June 9, 2026 (100% discretionary).

**How have ITS Asset Management, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for ITS Asset Management, L.P.: Regulatory assets under management: $105,483,981 in the October 2021 data and $297,803,611 in the October 2026 data, up 182%. Total employees: 5 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does ITS Asset Management, L.P. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (566); high net worth individuals (20); corporations or other businesses not listed above (12).

**Which custodians does ITS Asset Management, L.P. use?**
ITS Asset Management, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Axos Clearing LLC and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does ITS Asset Management, L.P. 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/106977

**What changed in ITS Asset Management, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: No longer lists the business name Portfolio Timing Service. 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

### Custodians (Schedule D, Section 5.K(3))
- Axos Clearing LLC
- Fidelity Brokerage Services 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: $297,803,611
- Discretionary: $297,803,611
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 566 | $92,118,471 |
| High net worth individuals | 20 | $154,565,296 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $10,513,758 |
| Charitable organizations | Fewer than 5 | $15,164,917 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $419,421 |
| Corporations or other businesses not listed above | 12 | $25,021,748 |

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

### Firm details
- Registered since: 1971 (55 years)
- Employees: 9 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, FL, GA, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, NC, NE, NJ, NM, NV, NY, OH, PA, 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 July 2026 filing
- Washington, PA

### Websites listed on Form ADV (Item 1.I)
- itsconnect.com
- ptsmanagement.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $105,483,981 | 5 | May 21, 2021 |
| October 2022 | $335,114,693 | 9 | August 29, 2022 |
| October 2023 | $285,758,456 | 9 | August 23, 2023 |
| October 2024 | $269,439,956 | 9 | March 31, 2024 |
| October 2025 | $282,828,566 | 8 | April 17, 2025 |
| October 2026 | $297,803,611 | 9 | June 9, 2026 |

Regulatory assets under management: $105,483,981 in the October 2021 data and $297,803,611 in the October 2026 data, up 182%.
Total employees: 5 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- No longer lists the business name Portfolio Timing Service.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. ITS Asset Management, L.P. (CRD 106977): Form ADV filing data as of October 2026.