AdvisorCensus / Financial advisors / Massachusetts / Boston / Park State Asset Management LLC
Park State Asset Management LLC is an SEC-registered investment advisory firm in Beverly, MA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 23, 2026.
Quick answers
From the filingHow is Park State Asset Management LLC compensated?
On its Form ADV (Item 5.E, October 2026), Park State Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.
How much does Park State Asset Management LLC charge?
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Park State Asset Management LLC located?
Park State Asset Management LLC's principal office is in Beverly, MA, according to its Form ADV.
Is Park State Asset Management LLC registered with the SEC or a state?
Park State Asset Management LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 336573.
How much does Park State Asset Management LLC manage?
Park State Asset Management LLC reports $192,387,471 in regulatory assets under management in its Form ADV filing dated April 23, 2026 (99% discretionary).
How have Park State Asset Management LLC's assets and staff changed since 2025?
In the Form ADV data for Park State Asset Management LLC: Regulatory assets under management: $206,619,664 in the October 2025 data and $192,387,471 in the October 2026 data, down 7%. Total employees: 5 in October 2025 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Park State Asset Management LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (32); individuals (other than high net worth individuals) (18); corporations or other businesses not listed above (5).
Which custodians does Park State Asset Management LLC use?
Park State Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets.
Does Park State Asset 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/336573
What changed in Park State Asset Management LLC's recent Form ADV filings?
In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: up to 1% of assets a year (the maximum the brochure states)
The brochure's wording
The fee generally does not exceed 1% per year. The specific fee, billing frequency and method of calculation will be described in the investment advisory agreement with the client.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$192,387,471 as of October 2026, filing dated April 23, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
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)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 6. Performing investment advisory functions: 4.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
4 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $192,387,471 | 6 | April 23, 2026 |
| October 2025 | $206,619,664 | 5 | May 6, 2025 |
Regulatory assets under management: $206,619,664 in the October 2025 data and $192,387,471 in the October 2026 data, down 7%.
Total employees: 5 in October 2025 and 6 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- May 2026
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Employees performing advisory functions went from 3 to 4.
- Registered or notice-filed in CT.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Park State Asset Management LLC (CRD 336573): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/park-state-asset-management-llc-beverly-ma-336573