# Loudon Investment Management, LLC

> Loudon Investment Management, LLC is an SEC-registered investment advisory firm in West Lebanon, NH, registered since 2003, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 113641
- Filed as: LOUDON INVESTMENT MANAGEMENT, LLC
- Also doing business as: LOUDON INVESTMENT MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: West Lebanon, NH
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113641
- AdvisorCensus page: https://advisorcensus.com/firm/loudon-investment-management-llc-west-lebanon-nh-113641

## Quick answers

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

**Where is Loudon Investment Management, LLC located?**
Loudon Investment Management, LLC's principal office is in West Lebanon, NH, according to its Form ADV.

**Is Loudon Investment Management, LLC registered with the SEC or a state?**
Loudon Investment Management, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 113641.

**How much does Loudon Investment Management, LLC manage?**
Loudon Investment Management, LLC reports $231,818,283 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (99% discretionary).

**How have Loudon Investment Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Loudon Investment Management, LLC: Regulatory assets under management: $155,900,979 in the October 2021 data and $231,818,283 in the October 2026 data, up 49%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Loudon Investment Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (39); high net worth individuals (36); charitable organizations (1).

**Which custodians does Loudon Investment Management, LLC use?**
Loudon Investment Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and U.S. Trust as custodians holding 10% or more of its separately managed account assets.

**Does Loudon Investment 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/113641

## 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 March 31, 2026)

- Minimum annual fee: $6,000

> A minimum fee of $6,000 per year is charged for our services. This fee minimum may be negotiable under certain circumstances.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- U.S. Trust

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: $231,818,283
- Discretionary: $230,650,836
- Non-discretionary: $1,167,447

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 39 | $202,290,805 |
| High net worth individuals | 36 | $17,293,540 |
| Charitable organizations | 1 | $12,233,938 |

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

### Firm details
- Registered since: 2003 (23 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NH, NJ, VT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- loudoninv.com
- LinkedIn @LOUDON-INVESTMENT-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $155,900,979 | 4 | March 29, 2021 |
| October 2022 | $190,165,703 | 4 | March 28, 2022 |
| October 2023 | $168,042,555 | 4 | April 4, 2023 |
| October 2024 | $200,462,116 | 4 | March 29, 2024 |
| October 2025 | $221,608,700 | 4 | March 26, 2025 |
| October 2026 | $231,818,283 | 4 | March 31, 2026 |

Regulatory assets under management: $155,900,979 in the October 2021 data and $231,818,283 in the October 2026 data, up 49%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Loudon Investment Management, LLC (CRD 113641): Form ADV filing data as of October 2026.