# Steinberg Asset Management, LLC

> Steinberg Asset Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2002, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 18, 2026.

- CRD: 118968
- Filed as: STEINBERG ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/118968
- AdvisorCensus page: https://advisorcensus.com/firm/steinberg-asset-management-llc-new-york-ny-118968

## Quick answers

**How is Steinberg Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Steinberg Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Steinberg Asset Management, LLC charge?**
Its Form ADV Part 2A brochure dated March 18, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Steinberg Asset Management, LLC located?**
Steinberg Asset Management, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Steinberg Asset Management, LLC registered with the SEC or a state?**
Steinberg Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 118968.

**How much does Steinberg Asset Management, LLC manage?**
Steinberg Asset Management, LLC reports $172,176,759 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (100% discretionary).

**How have Steinberg Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Steinberg Asset Management, LLC: Regulatory assets under management: $111,717,468 in the October 2021 data and $172,176,759 in the October 2026 data, up 54%. Total employees: 11 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Steinberg Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (22); individuals (other than high net worth individuals) (6); pooled investment vehicles (other than investment companies and business development companies) (2).

**Which custodians does Steinberg Asset Management, LLC use?**
Steinberg Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Steinberg Asset Management, 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/118968

**Does Steinberg Asset Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 18, 2026 says: "SAM generally requires that an account have a minimum market value of $1,000,000 to be accepted as an investment advisory client."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 18, 2026)

- Asset-based fee: 1% of assets a year

> SAM has adopted the following basic advisory fee schedule for new separate account clients: 1% of assets under management each year, payable quarterly.

- Account minimum: $1,000,000

> SAM generally requires that an account have a minimum market value of $1,000,000 to be accepted as an investment advisory client.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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: $172,176,759
- Discretionary: $172,176,759
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 6 | $1,159,899 |
| High net worth individuals | 22 | $138,059,265 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $1,247,939 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $2,263,658 |
| Charitable organizations | Fewer than 5 | Not reported |
| Other | Fewer than 5 | $29,445,998 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2002 (24 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, DE, LA, MI, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $111,717,468 | 11 | July 23, 2021 |
| October 2022 | $126,019,777 | 9 | May 6, 2022 |
| October 2023 | $134,077,433 | 8 | May 19, 2023 |
| October 2024 | $143,055,977 | 6 | June 14, 2024 |
| October 2025 | $176,648,638 | 5 | March 17, 2025 |
| October 2026 | $172,176,759 | 5 | March 18, 2026 |

Regulatory assets under management: $111,717,468 in the October 2021 data and $172,176,759 in the October 2026 data, up 54%.
Total employees: 11 in October 2021 and 5 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Steinberg Asset Management, LLC (CRD 118968): Form ADV filing data as of October 2026.