# Sherman Asset Management, Inc.

> 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.

- CRD: 170861
- Filed as: SHERMAN ASSET MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Ventura, CA
- Filing period: October 2026
- Form ADV filing dated: September 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170861
- AdvisorCensus page: https://advisorcensus.com/firm/sherman-asset-management-inc-ventura-ca-170861

## Quick answers

**How is Sherman Asset Management, Inc. compensated?**
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.

**How much does Sherman Asset Management, Inc. charge?**
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.

**Where is Sherman Asset Management, Inc. located?**
Sherman Asset Management, Inc.'s principal office is in Ventura, CA, according to its Form ADV.

**Is Sherman Asset Management, Inc. registered with the SEC or a state?**
Sherman Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 170861.

**How much does Sherman Asset Management, Inc. manage?**
Sherman Asset Management, Inc. reports $140,759,518 in regulatory assets under management in its Form ADV filing dated September 28, 2026 (100% discretionary).

**How have Sherman Asset Management, Inc.'s assets and staff changed since 2024?**
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.

**What types of clients does Sherman Asset Management, Inc. serve?**
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).

**Which custodians does Sherman Asset Management, Inc. use?**
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.

**Does Sherman 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/170861

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated June 16, 2026)

- Asset-based fee: 0.75% of assets a year

> 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.

- Flat fee: $1,000 to $10,000 (financial planning services)

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- BOK Financial Securities, Inc.
- 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: $140,759,518
- Discretionary: $140,759,518
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 15 | $5,510,821 |
| High net worth individuals | 17 | $101,371,631 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $4,900,124 |
| Corporations or other businesses not listed above | Fewer than 5 | $28,976,942 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- roysherman.substack.com
- shermanassetmgmt.com
- Instagram @sherman_asset_mgmt
- LinkedIn @roy-sherman-financial-planner

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $121,813,639 | 1 | July 18, 2024 |
| October 2025 | $130,997,137 | 1 | February 14, 2025 |
| October 2026 | $140,759,518 | 1 | September 28, 2026 |

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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sherman Asset Management, Inc. (CRD 170861): Form ADV filing data as of October 2026.