# Liberty Asset Management, Inc.

> Liberty Asset Management, Inc. is an SEC-registered investment advisory firm in Woodridge, IL, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 11, 2026.

- CRD: 135791
- Filed as: LIBERTY ASSET MANAGEMENT, INC.
- Also doing business as: TERNARY ADVISORY GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Woodridge, IL
- Filing period: October 2026
- Form ADV filing dated: August 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135791
- AdvisorCensus page: https://advisorcensus.com/firm/liberty-asset-management-inc-woodridge-il-135791

## Quick answers

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

**Where is Liberty Asset Management, Inc. located?**
Liberty Asset Management, Inc.'s principal office is in Woodridge, IL, according to its Form ADV.

**Is Liberty Asset Management, Inc. registered with the SEC or a state?**
Liberty Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 135791.

**How much does Liberty Asset Management, Inc. manage?**
Liberty Asset Management, Inc. reports $172,716,913 in regulatory assets under management in its Form ADV filing dated August 11, 2026 (93% discretionary).

**How have Liberty Asset Management, Inc.'s assets and staff changed since 2022?**
In the Form ADV data for Liberty Asset Management, Inc.: Regulatory assets under management: $108,111,903 in the October 2022 data and $172,716,913 in the October 2026 data, up 60%. Total employees: 3 in October 2022 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Liberty Asset Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (204); high net worth individuals (39).

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

**Does Liberty Asset Management, Inc. 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/135791

**Does Liberty Asset Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated January 29, 2026 says: "At Liberty, we believe all clients should have the opportunity to utilize our services, therefore no account minimum has been established at the firm level."

**What changed in Liberty Asset Management, Inc.'s recent Form ADV filings?**
In the September 2026 filing data: Employees performing advisory functions went from 3 to 2.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated January 29, 2026)

- Account minimum: None

> At Liberty, we believe all clients should have the opportunity to utilize our services, therefore no account minimum has been established at the firm level.

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

### Custodians (Schedule D, Section 5.K(3))
- 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: $172,716,913
- Discretionary: $160,257,720
- Non-discretionary: $12,459,193

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 204 | $84,039,919 |
| High net worth individuals | 39 | $88,676,994 |

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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, OK, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [ternaryus.com](https://ternaryus.com)
- Facebook @LIBERTYASSETMANAGEMENT
- X @LIBERTYASSETMGT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $108,111,903 | 3 | May 12, 2022 |
| October 2023 | $107,391,482 | 3 | May 12, 2023 |
| October 2024 | $126,106,194 | 3 | August 15, 2024 |
| October 2025 | $143,306,643 | 3 | March 13, 2025 |
| October 2026 | $172,716,913 | 2 | August 11, 2026 |

Regulatory assets under management: $108,111,903 in the October 2022 data and $172,716,913 in the October 2026 data, up 60%.
Total employees: 3 in October 2022 and 2 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Employees performing advisory functions went from 3 to 2.

### February 2026
- Regulatory assets under management went from $143,306,643 to $172,716,913 (+21%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Liberty Asset Management, Inc. (CRD 135791): Form ADV filing data as of October 2026.