# Private Asset Management Inc

> Private Asset Management Inc is an SEC-registered investment advisory firm in Kirkland, WA, registered since 1996, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 30, 2026.

- CRD: 108815
- Filed as: PRIVATE ASSET MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Kirkland, WA
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108815
- AdvisorCensus page: https://advisorcensus.com/firm/private-asset-management-inc-kirkland-wa-108815

## Quick answers

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

**Where is Private Asset Management Inc located?**
Private Asset Management Inc's principal office is in Kirkland, WA, according to its Form ADV.

**Is Private Asset Management Inc registered with the SEC or a state?**
Private Asset Management Inc is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 108815.

**How much does Private Asset Management Inc manage?**
Private Asset Management Inc reports $109,489,332 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (73% discretionary).

**How have Private Asset Management Inc's assets and staff changed since 2021?**
In the Form ADV data for Private Asset Management Inc: Regulatory assets under management: $150,664,310 in the October 2021 data and $109,489,332 in the October 2026 data, down 27%. 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 Private Asset Management Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (40); individuals (other than high net worth individuals) (20).

**Which custodians does Private Asset Management Inc use?**
Private Asset Management Inc'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 Private Asset Management Inc 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/108815

**What changed in Private Asset Management Inc'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

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

### 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: $109,489,332
- Discretionary: $79,552,165
- Non-discretionary: $29,937,167

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 20 | $8,427,787 |
| High net worth individuals | 40 | $101,061,545 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Publication of periodicals or newsletters

### Firm details
- Registered since: 1996 (30 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- privateasset.com
- LinkedIn @private-asset-management-incorporated

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $150,664,310 | 4 | March 10, 2021 |
| October 2022 | $168,562,817 | 3 | March 8, 2022 |
| October 2023 | $167,297,640 | 3 | March 22, 2023 |
| October 2024 | $168,866,882 | 3 | February 27, 2024 |
| October 2025 | $105,171,786 | 3 | May 5, 2025 |
| October 2026 | $109,489,332 | 4 | April 30, 2026 |

Regulatory assets under management: $150,664,310 in the October 2021 data and $109,489,332 in the October 2026 data, down 27%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 2 to 4.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Private Asset Management Inc (CRD 108815): Form ADV filing data as of October 2026.