{ "crd_number": 304401, "slug": "socorro-asset-management-dallas-tx-304401", "primary_business_name": "SOCORRO ASSET MANAGEMENT", "legal_name": "SOCORRO ASSET MANAGEMENT, L.P.", "dbas": [], "city": "Dallas", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2019-06-21", "years_registered": 7, "period": "2026-10-01", "filing_date": "2026-03-27", "carried_forward": false, "raum_total": 497869186.0, "raum_discretionary": 497869186.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 6, "advisory_employees": 3, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 48912669.0, "count": 3, "fewer_than_5": true }, "state_municipal": { "raum": 41692665.0, "count": 1, "fewer_than_5": true }, "insurance_companies": { "raum": 49054852.0, "count": 2, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 316953515.0, "count": 1 }, "corporations_other_businesses": { "raum": 41255485.0, "count": 1, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "other", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "TX" ], "websites": [ "https://linkedin.com/company/socorro-asset-management", "https://socorroasset.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/304401", "city_as_filed": "DALLAS", "url": "https://advisorcensus.com/firm/socorro-asset-management-dallas-tx-304401", "display_name": "Socorro Asset Management", "summary": "Socorro Asset Management is an SEC-registered investment advisory firm in Dallas, TX, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.", "citation": "AdvisorCensus. Socorro Asset Management (CRD 304401): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Other" ], "quick_answers": [ { "q": "How is Socorro Asset Management compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Socorro Asset Management reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Socorro Asset Management located?", "a": "Socorro Asset Management's principal office is in Dallas, TX, according to its Form ADV." }, { "q": "Is Socorro Asset Management registered with the SEC or a state?", "a": "Socorro Asset Management is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 304401." }, { "q": "How much does Socorro Asset Management manage?", "a": "Socorro Asset Management reports $497,869,186 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary)." }, { "q": "How have Socorro Asset Management's assets and staff changed since 2021?", "a": "In the Form ADV data for Socorro Asset Management: Regulatory assets under management: $357,715,478 in the October 2021 data and $497,869,186 in the October 2026 data, up 39%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Socorro Asset Management serve?", "a": "By number of clients on Form ADV Item 5.D: charitable organizations (3); insurance companies (2); pooled investment vehicles (other than investment companies and business development companies) (1)." }, { "q": "Which custodians does Socorro Asset Management use?", "a": "Socorro Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon Securities Corporation, Northern Trust Securities, Inc., PNC Financial Services Group, Inc. and Truist Bank as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Socorro Asset Management 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/304401" }, { "q": "What changed in Socorro Asset Management's recent Form ADV filings?", "a": "In the February 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 357715478.0, "total_employees": 5, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 670597276.0, "total_employees": 6, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 489958497.0, "total_employees": 4, "filing_date": "2023-07-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 507816595.0, "total_employees": 6, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 536849464.0, "total_employees": 6, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 497869186.0, "total_employees": 6, "filing_date": "2026-03-27" } ], "recent_changes": [ { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "BNY Mellon Securities Corporation", "name_as_filed": "BNY MELLON SECURITIES CORPORATION", "affiliated": false }, { "name": "Northern Trust Securities, Inc.", "name_as_filed": "NORTHERN TRUST SECURITIES, INC.", "affiliated": false }, { "name": "PNC Financial Services Group, Inc.", "name_as_filed": "PNC FINANCIAL SERVICES GROUP, INC.", "affiliated": false }, { "name": "Truist Bank", "name_as_filed": "TRUIST BANK", "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/socorro-asset-management-dallas-tx-304401.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 1, "fewer_than_5": false, "raum": 316953515.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 3, "fewer_than_5": true, "raum": 48912669.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 1, "fewer_than_5": true, "raum": 41692665.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 2, "fewer_than_5": true, "raum": 49054852.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 1, "fewer_than_5": true, "raum": 41255485.0 } ], "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/304401", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }