{
  "crd_number": 170861,
  "slug": "sherman-asset-management-inc-ventura-ca-170861",
  "primary_business_name": "SHERMAN ASSET MANAGEMENT, INC.",
  "legal_name": "SHERMAN ASSET MANAGEMENT, INC.",
  "dbas": [],
  "city": "Ventura",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "37100",
  "metro": {
    "cbsa_code": "37100",
    "common_name": "Oxnard",
    "msa_name": "Oxnard-Thousand Oaks-Ventura, CA",
    "path": "/advisors/ca/oxnard"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-03-07",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-09-28",
  "carried_forward": false,
  "raum_total": 140759518.0,
  "raum_discretionary": 140759518.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 5510821.0,
      "count": 15
    },
    "high_net_worth_individuals": {
      "raum": 101371631.0,
      "count": 17
    },
    "pooled_investment_vehicles": {
      "raum": 4900124.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 28976942.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://instagram.com/sherman_asset_mgmt",
    "https://linkedin.com/in/roy-sherman-financial-planner",
    "https://roysherman.substack.com",
    "https://shermanassetmgmt.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/170861",
  "city_as_filed": "VENTURA",
  "url": "https://advisorcensus.com/firm/sherman-asset-management-inc-ventura-ca-170861",
  "display_name": "Sherman Asset Management, Inc.",
  "summary": "Sherman Asset Management, Inc. is an SEC-registered investment advisory firm in Ventura, CA, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 28, 2026.",
  "citation": "AdvisorCensus. Sherman Asset Management, Inc. (CRD 170861): 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)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Sherman Asset Management, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Sherman Asset Management, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "How much does Sherman Asset Management, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated June 16, 2026 states: Asset-based fee: 0.75% of assets a year; Flat fee: $1,000 to $10,000 (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Sherman Asset Management, Inc. located?",
      "a": "Sherman Asset Management, Inc.'s principal office is in Ventura, CA, according to its Form ADV."
    },
    {
      "q": "Is Sherman Asset Management, Inc. registered with the SEC or a state?",
      "a": "Sherman Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 170861."
    },
    {
      "q": "How much does Sherman Asset Management, Inc. manage?",
      "a": "Sherman Asset Management, Inc. reports $140,759,518 in regulatory assets under management in its Form ADV filing dated September 28, 2026 (100% discretionary)."
    },
    {
      "q": "How have Sherman Asset Management, Inc.'s assets and staff changed since 2024?",
      "a": "In the Form ADV data for Sherman Asset Management, Inc.: Regulatory assets under management: $121,813,639 in the October 2024 data and $140,759,518 in the October 2026 data, up 16%. Total employees: 1 in October 2024 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Sherman Asset Management, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (17); individuals (other than high net worth individuals) (15); pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Which custodians does Sherman Asset Management, Inc. use?",
      "a": "Sherman Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BOK Financial Securities, Inc. and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Sherman Asset Management, Inc. 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/170861"
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 121813639.0,
      "total_employees": 1,
      "filing_date": "2024-07-18"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 130997137.0,
      "total_employees": 1,
      "filing_date": "2025-02-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 140759518.0,
      "total_employees": 1,
      "filing_date": "2026-09-28"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 16, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": "0.75% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,000 to $10,000 (financial planning services)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.75% of assets a year"
        ],
        "quotes": [
          "The AUM Fee is assessed at a flat rate of seventy-five basis points (0.75%) of the Client’s assets under management (“AUM”) held in the Client’s Account(s), including cash and cash equivalents."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 to $10,000 (financial planning services)"
        ],
        "quotes": [
          "Generally, rates range from $1,000 to $10,000 on a fixed fee basis. Fifty percent (50%) of such fee shall be paid in advance; and the remaining 50% shall be paid at the time of delivery of the plan."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": null,
          "max": null,
          "rate_pct": 0.75
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1000.0,
          "max": 10000.0,
          "period": "one_time",
          "service": "financial planning services"
        }
      ]
    },
    "quotes": [
      "The AUM Fee is assessed at a flat rate of seventy-five basis points (0.75%) of the Client’s assets under management (“AUM”) held in the Client’s Account(s), including cash and cash equivalents.",
      "Generally, rates range from $1,000 to $10,000 on a fixed fee basis. Fifty percent (50%) of such fee shall be paid in advance; and the remaining 50% shall be paid at the time of delivery of the plan."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "BOK Financial Securities, Inc.",
      "name_as_filed": "BOK FINANCIAL SECURITIES, INC.",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., 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/sherman-asset-management-inc-ventura-ca-170861.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 15,
      "fewer_than_5": false,
      "raum": 5510821.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 17,
      "fewer_than_5": false,
      "raum": 101371631.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 4900124.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 28976942.0
    }
  ],
  "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/170861",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}