AdvisorCensus / Financial advisors / California / Los Angeles / Shuster Advisory Group, LLC
Shuster Advisory Group, LLC is an SEC-registered investment advisory firm in Pasadena, CA, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 20, 2026.
Quick answers
From the filingHow is Shuster Advisory Group, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Shuster Advisory Group, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is Shuster Advisory Group, LLC located?
Shuster Advisory Group, LLC's principal office is in Pasadena, CA, according to its Form ADV.
Is Shuster Advisory Group, LLC registered with the SEC or a state?
Shuster Advisory Group, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 170233.
How much does Shuster Advisory Group, LLC manage?
Shuster Advisory Group, LLC reports $10,318,497,572 in regulatory assets under management in its Form ADV filing dated May 20, 2026 (99% discretionary).
How have Shuster Advisory Group, LLC's assets and staff changed since 2021?
In the Form ADV data for Shuster Advisory Group, LLC: Regulatory assets under management: $3,626,839,434 in the October 2021 data and $10,318,497,572 in the October 2026 data, up 185%. Total employees: 10 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Shuster Advisory Group, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (153); state or municipal government entities (including government pension plans) (103); pension and profit sharing plans (but not the plan participants or government pension plans) (71).
Which custodians does Shuster Advisory Group, LLC use?
Shuster Advisory Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Missionsquare Retirement, Retirement Plan Record-Keeping and Voya Institutional Trust Company as custodians holding 10% or more of its separately managed account assets.
Does Shuster Advisory Group, LLC 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/170233
Does Shuster Advisory Group, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 31, 2026 says: "There is no account minimum for any of Shuster’s services."
What changed in Shuster Advisory Group, LLC's recent Form ADV filings?
In the June 2026 filing data: Employees performing advisory functions went from 10 to 11.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
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
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
There is no account minimum for any of Shuster’s services.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$10,318,497,572 as of October 2026, filing dated May 20, 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
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2015 (10 years)
- Employees
- Total: 15. Performing investment advisory functions: 11.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
5 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None 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
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $10,318,497,572 | 15 | May 20, 2026 |
| October 2025 | $7,909,384,939 | 14 | July 18, 2025 |
| October 2024 | $6,284,266,543 | 11 | May 2, 2024 |
| October 2023 | $4,383,114,981 | 11 | September 29, 2023 |
| October 2022 | $4,418,962,771 | 12 | September 13, 2022 |
| October 2021 | $3,626,839,434 | 10 | March 30, 2021 |
Regulatory assets under management: $3,626,839,434 in the October 2021 data and $10,318,497,572 in the October 2026 data, up 185%.
Total employees: 10 in October 2021 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.
Changes in the filing
Last 12 months- June 2026
- Employees performing advisory functions went from 10 to 11.
- April 2026
- Employees performing advisory functions went from 9 to 10.
- Regulatory assets under management went from $7,909,384,939 to $10,318,497,572 (+30%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Shuster Advisory Group, LLC (CRD 170233): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/shuster-advisory-group-llc-pasadena-ca-170233