# Sprott Asset Management USA Inc.

> Sprott Asset Management USA Inc. is an SEC-registered investment advisory firm in Darien, CT, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 139022
- Filed as: SPROTT ASSET MANAGEMENT USA INC.
- Also doing business as: SPROTT FAMILY OFFICE, SPROTT WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Darien, CT
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/139022
- AdvisorCensus page: https://advisorcensus.com/firm/sprott-asset-management-usa-inc-darien-ct-139022

## Quick answers

**How is Sprott Asset Management USA Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Sprott Asset Management USA Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Sprott Asset Management USA Inc. located?**
Sprott Asset Management USA Inc.'s principal office is in Darien, CT, according to its Form ADV; the April 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Sprott Asset Management USA Inc. registered with the SEC or a state?**
Sprott Asset Management USA Inc. is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 139022.

**How much does Sprott Asset Management USA Inc. manage?**
Sprott Asset Management USA Inc. reports $10,116,747,344 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (86% discretionary).

**How have Sprott Asset Management USA Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Sprott Asset Management USA Inc.: Regulatory assets under management: $754,552,879 in the October 2021 data and $10,116,747,344 in the October 2026 data, up 1241%. Total employees: 38 in October 2021 and 64 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Sprott Asset Management USA Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,039); high net worth individuals (1,062); corporations or other businesses not listed above (184).

**Which custodians does Sprott Asset Management USA Inc. use?**
Sprott Asset Management USA Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC, Interactive Brokers LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, National Financial Services LLC, RBC Capital Markets, LLC, State Street Bank and Trust Company and US Bank as custodians holding 10% or more of its separately managed account assets.

**Does Sprott Asset Management USA Inc. report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/139022

**What changed in Sprott Asset Management USA Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 30 to 35. Regulatory assets under management went from $4,636,738,041 to $10,116,747,344 (+118%). Added an office in Lake Wales, FL. Added an office in Toronto.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC
- Interactive Brokers LLC
- J.P. Morgan Securities LLC
- Merrill Lynch, Pierce, Fenner & Smith Incorporated
- National Financial Services LLC
- RBC Capital Markets, LLC
- State Street Bank and Trust Company
- US Bank

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: $10,116,747,344
- Discretionary: $8,701,981,949
- Non-discretionary: $1,414,765,395

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,039 | $423,537,617 |
| High net worth individuals | 1,062 | $2,243,213,378 |
| Investment companies | 14 | $6,531,376,755 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $377,482,701 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 54 | $89,692,047 |
| Charitable organizations | 5 | $125,309,531 |
| Corporations or other businesses not listed above | 184 | $326,135,315 |

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

### Firm details
- Registered since: 2006 (20 years)
- Employees: 64 total, 35 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/139022

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Carlsbad, CA
- Lake Wales, FL
- New York, NY
- Toronto

### Websites listed on Form ADV (Item 1.I)
- sprott.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $754,552,879 | 38 | August 9, 2021 |
| October 2022 | $1,030,845,889 | 45 | March 31, 2022 |
| October 2023 | $3,480,957,411 | 57 | July 31, 2023 |
| October 2024 | $4,600,551,307 | 57 | March 26, 2024 |
| October 2025 | $4,636,738,041 | 59 | June 2, 2025 |
| October 2026 | $10,116,747,344 | 64 | March 30, 2026 |

Regulatory assets under management: $754,552,879 in the October 2021 data and $10,116,747,344 in the October 2026 data, up 1241%.
Total employees: 38 in October 2021 and 64 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 30 to 35.
- Regulatory assets under management went from $4,636,738,041 to $10,116,747,344 (+118%).
- Added an office in Lake Wales, FL.
- Added an office in Toronto.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sprott Asset Management USA Inc. (CRD 139022): Form ADV filing data as of October 2026.