# Phraction Management LLC

> 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.

- CRD: 298633
- Filed as: PHRACTION MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Colchester, CT
- Filing period: October 2026
- Form ADV filing dated: September 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298633
- AdvisorCensus page: https://advisorcensus.com/firm/phraction-management-llc-colchester-ct-298633

## Quick answers

**How is Phraction Management LLC compensated?**
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.

**What does Phraction Management LLC's brochure say about its fees?**
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.

**Where is Phraction Management LLC located?**
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).

**Is Phraction Management LLC registered with the SEC or a state?**
Phraction Management LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298633.

**How much does Phraction Management LLC manage?**
Phraction Management LLC reports $625,535,042 in regulatory assets under management in its Form ADV filing dated September 11, 2026 (100% discretionary).

**How have Phraction Management LLC's assets and staff changed since 2021?**
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.

**What types of clients does Phraction Management LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (50); corporations or other businesses not listed above (23).

**Does Phraction 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/298633

**What changed in Phraction Management LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $520,999,762 to $625,535,042 (+20%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 3, 2026)

- Asset-based fee: 0.4% to 0.85% a year (a range, as the brochure states it)

> 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.

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

### Regulatory assets under management (Item 5.F)
- Total: $625,535,042
- Discretionary: $625,535,042
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 50 | $242,429,731 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 23 | $383,105,311 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2018 (7 years)
- Employees: 7 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2025 filing
- Stamford, CT

### Websites listed on Form ADV (Item 1.I)
- phraction.net

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $264,493,674 | 5 | August 30, 2021 |
| October 2022 | $343,047,696 | 5 | March 24, 2022 |
| October 2023 | $358,706,983 | 5 | April 21, 2023 |
| October 2024 | $450,985,988 | 5 | August 22, 2024 |
| October 2025 | $520,999,762 | 5 | March 25, 2025 |
| October 2026 | $625,535,042 | 7 | September 11, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $520,999,762 to $625,535,042 (+20%).

### December 2025
- Employees performing advisory functions went from 3 to 4.

### November 2025
- No longer lists an office in Stamford, CT.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Phraction Management LLC (CRD 298633): Form ADV filing data as of October 2026.