# Mystic Asset Management

> Mystic Asset Management is an SEC-registered investment advisory firm in Warwick, RI, registered since 2014, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 2, 2026.

- CRD: 170361
- Filed as: MYSTIC ASSET MANAGEMENT
- Legal name: Mystic Asset Management, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Warwick, RI
- Filing period: October 2026
- Form ADV filing dated: March 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170361
- AdvisorCensus page: https://advisorcensus.com/firm/mystic-asset-management-warwick-ri-170361

## Quick answers

**How is Mystic Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), Mystic Asset Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions.

**Where is Mystic Asset Management located?**
Mystic Asset Management's principal office is in Warwick, RI, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Mystic Asset Management registered with the SEC or a state?**
Mystic Asset Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170361.

**How much does Mystic Asset Management manage?**
Mystic Asset Management reports $614,583,156 in regulatory assets under management in its Form ADV filing dated March 2, 2026 (98% discretionary).

**How have Mystic Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Mystic Asset Management: Regulatory assets under management: $266,788,650 in the October 2021 data and $614,583,156 in the October 2026 data, up 130%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mystic Asset Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (68); individuals (other than high net worth individuals) (63); charitable organizations (13).

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

**Does Mystic Asset Management 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/170361

**Does Mystic Asset Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 2, 2026 says: "The minimum account size is $500,000 of assets under management."

**What changed in Mystic Asset Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $529,286,695 to $614,583,156 (+16%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Commissions

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

- Account minimum: $500,000

> The minimum account size is $500,000 of assets under management.

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.

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: $614,583,156
- Discretionary: $603,718,648
- Non-discretionary: $10,864,508

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 63 | $21,037,328 |
| High net worth individuals | 68 | $398,626,981 |
| Banking or thrift institutions | Fewer than 5 | $147,189,504 |
| Charitable organizations | 13 | $47,729,343 |

### 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: 2014 (12 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, NH, RI, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Old Lyme, CT

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $266,788,650 | 3 | March 23, 2021 |
| October 2022 | $306,464,775 | 3 | March 10, 2022 |
| October 2023 | $287,775,496 | 3 | March 20, 2023 |
| October 2024 | $333,685,267 | 3 | March 18, 2024 |
| October 2025 | $529,286,695 | 3 | May 7, 2025 |
| October 2026 | $614,583,156 | 3 | March 2, 2026 |

Regulatory assets under management: $266,788,650 in the October 2021 data and $614,583,156 in the October 2026 data, up 130%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $529,286,695 to $614,583,156 (+16%).

### December 2025
- Registered or notice-filed in CA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mystic Asset Management (CRD 170361): Form ADV filing data as of October 2026.