# Royale Asset Management LLC

> 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.

- CRD: 281827
- Filed as: ROYALE ASSET MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsford, NY
- Filing period: October 2026
- Form ADV filing dated: January 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281827
- AdvisorCensus page: https://advisorcensus.com/firm/royale-asset-management-llc-pittsford-ny-281827

## Quick answers

**How is Royale Asset Management LLC compensated?**
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).

**Where is Royale Asset Management LLC located?**
Royale Asset Management LLC's principal office is in Pittsford, NY, according to its Form ADV.

**Is Royale Asset Management LLC registered with the SEC or a state?**
Royale Asset Management LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281827.

**How much does Royale Asset Management LLC manage?**
Royale Asset Management LLC reports $52,747,187 in regulatory assets under management in its Form ADV filing dated January 23, 2026 (100% discretionary).

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

**Which custodians does Royale Asset Management LLC use?**
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.

**Does Royale 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/281827

**Does Royale Asset Management LLC state an account minimum?**
Its Form ADV Part 2A brochure dated January 23, 2026 says: "There is no minimum to become a client of RAM."

**What changed in Royale Asset Management LLC's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $65,597,624 to $52,747,187 (-20%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated January 23, 2026)

- Account minimum: None

> There is no minimum to become a client of RAM.

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

### Custodians (Schedule D, Section 5.K(3))
- UBS Financial Services 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: $52,747,187
- Discretionary: $52,747,187
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | Fewer than 5 | $27,986,250 |
| Insurance companies | Fewer than 5 | $24,760,937 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2015 (10 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @william-masucci-b5743227

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $42,425,944 | 1 | April 29, 2021 |
| October 2022 | $49,507,398 | 1 | February 18, 2022 |
| October 2023 | $61,867,203 | 1 | January 26, 2023 |
| October 2024 | $68,282,192 | 1 | March 6, 2024 |
| October 2025 | $65,597,624 | 1 | February 5, 2025 |
| October 2026 | $52,747,187 | 1 | January 23, 2026 |

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.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $65,597,624 to $52,747,187 (-20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Royale Asset Management LLC (CRD 281827): Form ADV filing data as of October 2026.