# Schulmerich & Associates Asset Management, LLC

> Schulmerich & Associates Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2004, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 23, 2026.

- CRD: 112547
- Filed as: SCHULMERICH & ASSOCIATES ASSET MANAGEMENT, LLC
- Legal name: Stephen Craig Schulmerich
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: September 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/112547
- AdvisorCensus page: https://advisorcensus.com/firm/schulmerich-and-associates-asset-management-llc-112547

## Quick answers

**How is Schulmerich & Associates Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Schulmerich & Associates Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management.

**Is Schulmerich & Associates Asset Management, LLC registered with the SEC or a state?**
Schulmerich & Associates Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 112547.

**How much does Schulmerich & Associates Asset Management, LLC manage?**
Schulmerich & Associates Asset Management, LLC reports $153,000,000 in regulatory assets under management in its Form ADV filing dated September 23, 2026 (100% discretionary).

**How have Schulmerich & Associates Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Schulmerich & Associates Asset Management, LLC: Regulatory assets under management: $143,000,000 in the October 2021 data and $153,000,000 in the October 2026 data, up 7%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Schulmerich & Associates Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (157); individuals (other than high net worth individuals) (43).

**Which custodians does Schulmerich & Associates Asset Management, LLC use?**
Schulmerich & Associates Asset Management, LLC'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 Schulmerich & Associates Asset Management, LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission) and 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/112547

**Does Schulmerich & Associates Asset Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated January 22, 2026 says: "Schulmerich & Associates requires a minimu m of $ 100,000 t o open and maintain an account. This minimum does not apply to retirement accounts and exceptions may be made for new accounts that are expected to reach that level in a reasonable period of time."

**What changed in Schulmerich & Associates Asset Management, LLC's recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $128,512,193 to $153,000,000 (+19%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated January 22, 2026)

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> Schulmerich & Associates requires a minimu m of $ 100,000 t o open and maintain an account. This minimum does not apply to retirement accounts and exceptions may be made for new accounts that are expected to reach that level in a reasonable period of time.

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

### 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: $153,000,000
- Discretionary: $153,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 43 | $60,000,000 |
| High net worth individuals | 157 | $93,000,000 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### 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: 2004 (22 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, ID, NE, OR, WA
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/112547

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Longboat Key, FL

### Websites listed on Form ADV (Item 1.I)
- schulmerichandassoc.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $143,000,000 | 2 | February 1, 2021 |
| October 2022 | $146,000,000 | 2 | January 5, 2022 |
| October 2023 | $115,000,000 | 2 | January 13, 2023 |
| October 2024 | $113,000,000 | 2 | January 23, 2024 |
| October 2025 | $118,000,000 | 2 | July 25, 2025 |
| October 2026 | $153,000,000 | 2 | September 23, 2026 |

Regulatory assets under management: $143,000,000 in the October 2021 data and $153,000,000 in the October 2026 data, up 7%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $128,512,193 to $153,000,000 (+19%).

### December 2025
- Item 11 disclosure answers changed: 2 yes answers, previously 0 (now yes: 11.C(1), 11.D(2)).
- Registered or notice-filed in NE.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Schulmerich & Associates Asset Management, LLC (CRD 112547): Form ADV filing data as of October 2026.