# Treo Asset Management, LLC

> Treo Asset Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 28, 2026.

- CRD: 164982
- Filed as: TREO ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: August 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164982
- AdvisorCensus page: https://advisorcensus.com/firm/treo-asset-management-llc-new-york-ny-164982

## Quick answers

**How is Treo Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Treo Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

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

**Is Treo Asset Management, LLC registered with the SEC or a state?**
Treo Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 164982.

**How much does Treo Asset Management, LLC manage?**
Treo Asset Management, LLC reports $864,659,349 in regulatory assets under management in its Form ADV filing dated August 28, 2026 (100% discretionary).

**How have Treo Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Treo Asset Management, LLC: Regulatory assets under management: $843,154,879 in the October 2022 data and $864,659,349 in the October 2026 data, up 3%. Total employees: 13 in October 2022 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Treo Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Treo 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/164982

**What changed in Treo Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 13 to 14. Regulatory assets under management went from $744,396,983 to $864,659,349 (+16%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Other

### Regulatory assets under management (Item 5.F)
- Total: $864,659,349
- Discretionary: $864,659,349
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $864,659,349 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2022 (4 years)
- Employees: 18 total, 14 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 30, 2021 |
| October 2022 | $843,154,879 | 13 | July 6, 2022 |
| October 2023 | $859,008,423 | 13 | March 30, 2023 |
| October 2024 | $857,415,784 | 14 | September 30, 2024 |
| October 2025 | $744,396,983 | 16 | March 31, 2025 |
| October 2026 | $864,659,349 | 18 | August 28, 2026 |

Regulatory assets under management: $843,154,879 in the October 2022 data and $864,659,349 in the October 2026 data, up 3%.
Total employees: 13 in October 2022 and 18 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 13 to 14.
- Regulatory assets under management went from $744,396,983 to $864,659,349 (+16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Treo Asset Management, LLC (CRD 164982): Form ADV filing data as of October 2026.