{
  "crd_number": 281827,
  "slug": "royale-asset-management-llc-pittsford-ny-281827",
  "primary_business_name": "ROYALE ASSET MANAGEMENT LLC",
  "legal_name": "ROYALE ASSET MANAGEMENT LLC",
  "dbas": [],
  "city": "Pittsford",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "40380",
  "metro": {
    "cbsa_code": "40380",
    "common_name": "Rochester",
    "msa_name": "Rochester, NY",
    "path": "/advisors/ny/rochester"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-11-19",
  "years_registered": 10,
  "period": "2026-10-01",
  "filing_date": "2026-01-23",
  "carried_forward": false,
  "raum_total": 52747187.0,
  "raum_discretionary": 52747187.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "insurance_companies": {
      "raum": 24760937.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 27986250.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "NY"
  ],
  "websites": [
    "https://linkedin.com/in/william-masucci-b5743227"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/281827",
  "city_as_filed": "PITTSFORD",
  "url": "https://advisorcensus.com/firm/royale-asset-management-llc-pittsford-ny-281827",
  "display_name": "Royale Asset Management LLC",
  "summary": "Royale Asset Management LLC is an SEC-registered investment advisory firm in Pittsford, NY, registered since 2015, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated January 23, 2026.",
  "citation": "AdvisorCensus. Royale Asset Management LLC (CRD 281827): 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)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Royale Asset Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Royale Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Royale Asset Management LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated January 23, 2026 states: Flat fee: $32,000 to $225,000 a year (services); Flat fee: $5,000 to $20,000 (consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Royale Asset Management LLC located?",
      "a": "Royale Asset Management LLC's principal office is in Pittsford, NY, according to its Form ADV."
    },
    {
      "q": "Is Royale Asset Management LLC registered with the SEC or a state?",
      "a": "Royale Asset Management LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281827."
    },
    {
      "q": "How much does Royale Asset Management LLC manage?",
      "a": "Royale Asset Management LLC reports $52,747,187 in regulatory assets under management in its Form ADV filing dated January 23, 2026 (100% discretionary)."
    },
    {
      "q": "How have Royale Asset Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Royale Asset Management LLC: Regulatory assets under management: $42,425,944 in the October 2021 data and $52,747,187 in the October 2026 data, up 24%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "Which custodians does Royale Asset Management LLC use?",
      "a": "Royale Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists UBS Financial Services Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Royale Asset 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/281827"
    },
    {
      "q": "Does Royale Asset Management LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated January 23, 2026 says: \"There is no minimum to become a client of RAM.\""
    },
    {
      "q": "What changed in Royale Asset Management LLC's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $65,597,624 to $52,747,187 (-20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 42425944.0,
      "total_employees": 1,
      "filing_date": "2021-04-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 49507398.0,
      "total_employees": 1,
      "filing_date": "2022-02-18"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 61867203.0,
      "total_employees": 1,
      "filing_date": "2023-01-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 68282192.0,
      "total_employees": 1,
      "filing_date": "2024-03-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 65597624.0,
      "total_employees": 1,
      "filing_date": "2025-02-05"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 52747187.0,
      "total_employees": 1,
      "filing_date": "2026-01-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $65,597,624 to $52,747,187 (-20%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 23, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $32,000 to $225,000 a year (services)",
      "Flat fee: $5,000 to $20,000 (consulting services)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no minimum to become a client of RAM."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $32,000 to $225,000 a year (services)"
        ],
        "quotes": [
          "Generally, however , fixed fees range between $ 32,000 and $225,000 on an annual basis."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $5,000 to $20,000 (consulting services)"
        ],
        "quotes": [
          "Fees for consulting services widely depend on the services being provided. However, generally, they provided at a fixed fee between $5,000 and $20,000, paid over a three-month period."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 32000.0,
          "max": 225000.0,
          "period": "annual",
          "service": "services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 5000.0,
          "max": 20000.0,
          "period": "one_time",
          "service": "consulting services"
        }
      ]
    },
    "quotes": [
      "There is no minimum to become a client of RAM.",
      "Generally, however , fixed fees range between $ 32,000 and $225,000 on an annual basis.",
      "Fees for consulting services widely depend on the services being provided. However, generally, they provided at a fixed fee between $5,000 and $20,000, paid over a three-month period."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "UBS Financial Services Inc.",
      "name_as_filed": "UBS FINANCIAL SERVICES INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/royale-asset-management-llc-pittsford-ny-281827.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": 27986250.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 24760937.0
    }
  ],
  "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/281827",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}