AdvisorCensus / Financial advisors / New Jersey / Atlantic City / Toews Asset Management
Toews Asset Management
Filed as TOEWS ASSET MANAGEMENT · Legal name Toews Corporation
Toews Asset Management is an SEC-registered investment advisory firm in Northfield, NJ, registered since 1994, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.
Quick answers
From the filingHow is Toews Asset Management compensated?
On its Form ADV (Item 5.E, October 2026), Toews Asset Management reports these compensation arrangements: a percentage of assets under its management.
How much does Toews Asset Management charge?
Its Form ADV Part 2A brochure dated March 26, 2026 states: Subscription: $500 a month (investment professional participating in BII training and consulting); Subscription: $400 a month (investment professionals through third-party educational institutions or…). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Toews Asset Management located?
Toews Asset Management's principal office is in Northfield, NJ, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Toews Asset Management registered with the SEC or a state?
Toews Asset Management is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 106304.
How much does Toews Asset Management manage?
Toews Asset Management reports $1,037,481,484 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).
How have Toews Asset Management's assets and staff changed since 2021?
In the Form ADV data for Toews Asset Management: Regulatory assets under management: $2,187,469,621 in the October 2021 data and $1,037,481,484 in the October 2026 data, down 53%. Total employees: 21 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Toews Asset Management serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (113); investment companies (8); high net worth individuals (4).
Which custodians does Toews Asset Management use?
Toews Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Prudential Annuities Distributors, Inc as custodians holding 10% or more of its separately managed account assets.
Does Toews Asset Management report any disciplinary disclosures?
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). 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/106304
What changed in Toews Asset Management's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 18 to 16.
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
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 2ASubscription: $500 a month (investment professional participating in BII training and consulting)
The brochure's wording
The fee for an investment professional participating in BII training and consulting is $500 per month.
Subscription: $400 a month (investment professionals through third-party educational institutions or…)
The brochure's wording
In addition, there are opportunities for reduced fees of $400 per month, whether through third-party educational institutions or through existing relationships between Toews and the investment professional’s firm.
As stated in the firm's Form ADV Part 2A brochure dated March 26, 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$1,037,481,484 as of October 2026, filing dated March 26, 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- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Legal name
- Toews Corporation
- Also doing business as
- BEHAVIORAL INVESTING INSTITUTE
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1994 (31 years)
- Employees
- Total: 20. Performing investment advisory functions: 16.
- Wrap fee program participation
- Yes.
- 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.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the April 2026 filing
- States registered or notice-filed
-
18 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 113 Reports 3 disclosure items on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.C(2) Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
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. What happened, and who was involved, is on the Disclosure Reporting Pages of 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 | $1,037,481,484 | 20 | March 26, 2026 |
| October 2025 | $945,114,686 | 22 | March 21, 2025 |
| October 2024 | $998,895,518 | 24 | March 25, 2024 |
| October 2023 | $1,143,381,908 | 22 | August 28, 2023 |
| October 2022 | $1,257,119,962 | 21 | September 26, 2022 |
| October 2021 | $2,187,469,621 | 21 | July 28, 2021 |
Regulatory assets under management: $2,187,469,621 in the October 2021 data and $1,037,481,484 in the October 2026 data, down 53%.
Total employees: 21 in October 2021 and 20 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- April 2026
- Employees performing advisory functions went from 18 to 16.
- January 2026
- No longer registered or notice-filed in CT, IN, OR, PR.
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. Toews Asset Management (CRD 106304): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/toews-asset-management-northfield-nj-106304