Sherman Portfolios

• A percentage of assets under your management
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated March 5, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$1,558,055,845 as of October 2026, filing dated September 22, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Selection of other advisers (including private fund managers)
• Publication of periodicals or newsletters
• Market timing services

Legal name

True Freedom Investing, LLC

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2022 (4 years)

Employees

Total: 15. Performing investment advisory functions: 3.

Wrap fee program participation

No.

States registered or notice-filed

26 states or jurisdictions

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SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $0 in the October 2022 data and $1,558,055,845 in the October 2026 data.

Total employees: 1 in October 2022 and 15 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. May 2026
   • Updated its list of owners and control persons (Schedule A).
2. April 2026
   • Changed its legal name from True Freedom, LLC to True Freedom Investing, LLC.
   • Regulatory assets under management went from $581,584,938 to $1,558,055,845 (+168%).
3. February 2026
   • Changed its legal name from Sherman Portfolios, LLC to True Freedom, LLC.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.