{
  "crd_number": 298633,
  "slug": "phraction-management-llc-colchester-ct-298633",
  "primary_business_name": "PHRACTION MANAGEMENT LLC",
  "legal_name": "PHRACTION MANAGEMENT LLC",
  "dbas": [],
  "city": "Colchester",
  "state": "CT",
  "country": "United States",
  "cbsa_code": "35980",
  "metro": {
    "cbsa_code": "35980",
    "common_name": "Norwich",
    "msa_name": "Norwich-New London-Willimantic, CT",
    "path": "/advisors/ct/norwich"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2018-10-04",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-09-11",
  "carried_forward": false,
  "raum_total": 625535042.0,
  "raum_discretionary": 625535042.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 4,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 242429731.0,
      "count": 50
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 383105311.0,
      "count": 23
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CT",
    "FL"
  ],
  "websites": [
    "https://phraction.net"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298633",
  "city_as_filed": "COLCHESTER",
  "url": "https://advisorcensus.com/firm/phraction-management-llc-colchester-ct-298633",
  "display_name": "Phraction Management LLC",
  "summary": "Phraction Management LLC is an SEC-registered investment advisory firm in Colchester, CT, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 11, 2026.",
  "citation": "AdvisorCensus. Phraction Management LLC (CRD 298633): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Phraction Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Phraction Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other."
    },
    {
      "q": "What does Phraction Management LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 3, 2026 states: Asset-based fee: 0.4% to 0.85% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Phraction Management LLC located?",
      "a": "Phraction Management LLC's principal office is in Colchester, CT, according to its Form ADV; the September 2025 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Phraction Management LLC registered with the SEC or a state?",
      "a": "Phraction Management LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298633."
    },
    {
      "q": "How much does Phraction Management LLC manage?",
      "a": "Phraction Management LLC reports $625,535,042 in regulatory assets under management in its Form ADV filing dated September 11, 2026 (100% discretionary)."
    },
    {
      "q": "How have Phraction Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Phraction Management LLC: Regulatory assets under management: $264,493,674 in the October 2021 data and $625,535,042 in the October 2026 data, up 137%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Phraction Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (50); corporations or other businesses not listed above (23)."
    },
    {
      "q": "Does Phraction Management LLC report any disciplinary disclosures?",
      "a": "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/298633"
    },
    {
      "q": "What changed in Phraction Management LLC's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $520,999,762 to $625,535,042 (+20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 264493674.0,
      "total_employees": 5,
      "filing_date": "2021-08-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 343047696.0,
      "total_employees": 5,
      "filing_date": "2022-03-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 358706983.0,
      "total_employees": 5,
      "filing_date": "2023-04-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 450985988.0,
      "total_employees": 5,
      "filing_date": "2024-08-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 520999762.0,
      "total_employees": 5,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 625535042.0,
      "total_employees": 7,
      "filing_date": "2026-09-11"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $520,999,762 to $625,535,042 (+20%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 3 to 4."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "No longer lists an office in Stamford, CT."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 3, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.4% to 0.85% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.4% to 0.85% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "We will charge an annualized fee typically between 0.40% and 0.85% of the value of the assets under management. The specific fee is negotiated with the client and is based on factors such as the size and complexity of the client’s portfolio."
        ]
      }
    ],
    "quotes": [
      "We will charge an annualized fee typically between 0.40% and 0.85% of the value of the assets under management. The specific fee is negotiated with the client and is based on factors such as the size and complexity of the client’s portfolio."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/phraction-management-llc-colchester-ct-298633.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 50,
      "fewer_than_5": false,
      "raum": 242429731.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 23,
      "fewer_than_5": false,
      "raum": 383105311.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298633",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}