{
  "crd_number": 322728,
  "slug": "sherman-portfolios-coeur-d-alene-id-322728",
  "primary_business_name": "SHERMAN PORTFOLIOS",
  "legal_name": "TRUE FREEDOM INVESTING, LLC",
  "dbas": [],
  "city": "Coeur D'Alene",
  "state": "ID",
  "country": "United States",
  "cbsa_code": "17660",
  "metro": {
    "cbsa_code": "17660",
    "common_name": "Coeur d'Alene",
    "msa_name": "Coeur d'Alene, ID",
    "path": "/advisors/id/coeur-d-alene"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-08-16",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-09-22",
  "carried_forward": false,
  "raum_total": 1558055845.0,
  "raum_discretionary": 1558055845.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 15,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 1139409433.0,
      "count": 6440
    },
    "high_net_worth_individuals": {
      "raum": 418646412.0,
      "count": 212
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "market_timing",
    "periodicals_newsletters",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "MA",
    "MI",
    "MO",
    "NC",
    "NE",
    "NV",
    "OH",
    "OK",
    "OR",
    "PA",
    "TN",
    "TX",
    "UT",
    "WA"
  ],
  "websites": [
    "https://facebook.com",
    "https://instagram.com",
    "https://linkedin.com",
    "https://shermanportfolios.com",
    "https://tiktok.com",
    "https://x.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/322728",
  "city_as_filed": "COEUR D'ALENE",
  "url": "https://advisorcensus.com/firm/sherman-portfolios-coeur-d-alene-id-322728",
  "display_name": "Sherman Portfolios",
  "summary": "Sherman Portfolios is an SEC-registered investment advisory firm in Coeur D'Alene, ID, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 22, 2026.",
  "citation": "AdvisorCensus. Sherman Portfolios (CRD 322728): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Market timing services"
  ],
  "quick_answers": [
    {
      "q": "How is Sherman Portfolios compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Sherman Portfolios reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Sherman Portfolios located?",
      "a": "Sherman Portfolios' principal office is in Coeur D'Alene, ID, according to its Form ADV."
    },
    {
      "q": "Is Sherman Portfolios registered with the SEC or a state?",
      "a": "Sherman Portfolios is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 322728."
    },
    {
      "q": "How much does Sherman Portfolios manage?",
      "a": "Sherman Portfolios reports $1,558,055,845 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (100% discretionary)."
    },
    {
      "q": "How have Sherman Portfolios' assets and staff changed since 2022?",
      "a": "In the Form ADV data for Sherman Portfolios: 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. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Sherman Portfolios serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (6,440); high net worth individuals (212)."
    },
    {
      "q": "Does Sherman Portfolios 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/322728"
    },
    {
      "q": "What changed in Sherman Portfolios' recent Form ADV filings?",
      "a": "In the May 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 1,
      "filing_date": "2022-09-19"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 28700000.0,
      "total_employees": 8,
      "filing_date": "2023-06-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 202505546.0,
      "total_employees": 8,
      "filing_date": "2024-09-23"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 581584938.0,
      "total_employees": 14,
      "filing_date": "2025-07-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1558055845.0,
      "total_employees": 15,
      "filing_date": "2026-09-22"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Changed its legal name from Sherman Portfolios, LLC to True Freedom, LLC."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/sherman-portfolios-coeur-d-alene-id-322728.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 6440,
      "fewer_than_5": false,
      "raum": 1139409433.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 212,
      "fewer_than_5": false,
      "raum": 418646412.0
    }
  ],
  "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/322728",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}