{
  "crd_number": 106304,
  "slug": "toews-asset-management-northfield-nj-106304",
  "primary_business_name": "TOEWS ASSET MANAGEMENT",
  "legal_name": "TOEWS CORPORATION",
  "dbas": [
    "BEHAVIORAL INVESTING INSTITUTE"
  ],
  "city": "Northfield",
  "state": "NJ",
  "country": "United States",
  "cbsa_code": "12100",
  "metro": {
    "cbsa_code": "12100",
    "common_name": "Atlantic City",
    "msa_name": "Atlantic City-Hammonton, NJ",
    "path": "/advisors/nj/atlantic-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1994-12-09",
  "years_registered": 31,
  "period": "2026-10-01",
  "filing_date": "2026-03-26",
  "carried_forward": false,
  "raum_total": 1037481484.0,
  "raum_discretionary": 1037481484.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 20,
  "advisory_employees": 16,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 15449.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 13882400.0,
      "count": 113
    },
    "investment_companies": {
      "raum": 1019675751.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 3436125.0,
      "count": 4,
      "fewer_than_5": true
    },
    "corporations_other_businesses": {
      "raum": 471759.0,
      "count": 3,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 3,
  "states_registered": [
    "CA",
    "DE",
    "FL",
    "GA",
    "KS",
    "MA",
    "MD",
    "NC",
    "NH",
    "NJ",
    "NY",
    "OK",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://biicoaching.com",
    "https://instagram.com/toewsam",
    "https://linkedin.com/company/behavioralinvestinginstitute",
    "https://linkedin.com/company/toews-agility-shares",
    "https://linkedin.com/company/toews-corporation",
    "https://reddit.com/user/ToewsAM",
    "https://tiktok.com/@toewsam",
    "https://toewscorp.com",
    "https://toewsetfs.com",
    "https://twitter.com/TOEWSCORP",
    "https://youtube.com/@ToewsAM"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106304",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "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?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "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?"
    }
  ],
  "city_as_filed": "NORTHFIELD",
  "url": "https://advisorcensus.com/firm/toews-asset-management-northfield-nj-106304",
  "display_name": "Toews Asset Management",
  "summary": "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.",
  "citation": "AdvisorCensus. Toews Asset Management (CRD 106304): 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 investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Toews Asset Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Toews Asset Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Toews Asset Management charge?",
      "a": "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."
    },
    {
      "q": "Where is Toews Asset Management located?",
      "a": "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)."
    },
    {
      "q": "Is Toews Asset Management registered with the SEC or a state?",
      "a": "Toews Asset Management is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 106304."
    },
    {
      "q": "How much does Toews Asset Management manage?",
      "a": "Toews Asset Management reports $1,037,481,484 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary)."
    },
    {
      "q": "How have Toews Asset Management's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Toews Asset Management serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Toews Asset Management use?",
      "a": "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."
    },
    {
      "q": "Does Toews Asset Management report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Toews Asset Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 18 to 16."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2187469621.0,
      "total_employees": 21,
      "filing_date": "2021-07-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1257119962.0,
      "total_employees": 21,
      "filing_date": "2022-09-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1143381908.0,
      "total_employees": 22,
      "filing_date": "2023-08-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 998895518.0,
      "total_employees": 24,
      "filing_date": "2024-03-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 945114686.0,
      "total_employees": 22,
      "filing_date": "2025-03-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1037481484.0,
      "total_employees": 20,
      "filing_date": "2026-03-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 18 to 16."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in CT, IN, OR, PR."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 26, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Subscription: $500 a month (investment professional participating in BII training and consulting)",
      "Subscription: $400 a month (investment professionals through third-party educational institutions or…)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $500 a month (investment professional participating in BII training and consulting)"
        ],
        "quotes": [
          "The fee for an investment professional participating in BII training and consulting is $500 per month."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $400 a month (investment professionals through third-party educational institutions or…)"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "subscription",
          "amount": 500.0,
          "min": null,
          "max": null,
          "period": "monthly",
          "service": "investment professional participating in BII training and consulting"
        },
        {
          "kind": "subscription",
          "amount": 400.0,
          "min": null,
          "max": null,
          "period": "monthly",
          "service": "investment professionals through third-party educational institutions or existing relationships"
        }
      ]
    },
    "quotes": [
      "The fee for an investment professional participating in BII training and consulting is $500 per month.",
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Prudential Annuities Distributors, Inc",
      "name_as_filed": "PRUDENTIAL ANNUITIES DISTRIBUTORS, INC",
      "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/toews-asset-management-northfield-nj-106304.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 113,
      "fewer_than_5": false,
      "raum": 13882400.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 4,
      "fewer_than_5": true,
      "raum": 3436125.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 8,
      "fewer_than_5": false,
      "raum": 1019675751.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 15449.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 471759.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "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/106304",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}