{ "crd_number": 161610, "slug": "truston-asset-management-seoul-161610", "primary_business_name": "TRUSTON ASSET MANAGEMENT", "legal_name": "TRUSTON ASSET MANAGEMENT CO., LTD.", "dbas": [], "city": "Seoul", "state": null, "country": "Korea, South", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-30", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-02-03", "carried_forward": false, "raum_total": 13747224745.0, "raum_discretionary": 13684987911.0, "raum_non_discretionary": 62236834.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 103, "advisory_employees": 43, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "banking_thrift": { "raum": 9370615.0, "count": null, "fewer_than_5": true }, "state_municipal": { "raum": 7116815467.0, "count": null, "fewer_than_5": true }, "insurance_companies": { "raum": 61891764.0, "count": null, "fewer_than_5": true }, "pension_profit_sharing": { "raum": 140465031.0, "count": null, "fewer_than_5": true }, "other_investment_advisers": { "raum": 2757895.0, "count": null, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 6415923973.0, "count": 185 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://trustonasset.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161610", "city_as_filed": "SEOUL", "url": "https://advisorcensus.com/firm/truston-asset-management-seoul-161610", "display_name": "Truston Asset Management", "summary": "Truston Asset Management is an SEC-registered investment advisory firm in Seoul, Korea, South, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated February 3, 2026.", "citation": "AdvisorCensus. Truston Asset Management (CRD 161610): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "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" ], "quick_answers": [ { "q": "How is Truston Asset Management compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Truston Asset Management 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." }, { "q": "Where is Truston Asset Management located?", "a": "Truston Asset Management's principal office is in Seoul, Korea, South, according to its Form ADV." }, { "q": "Is Truston Asset Management registered with the SEC or a state?", "a": "Truston Asset Management is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161610." }, { "q": "How much does Truston Asset Management manage?", "a": "Truston Asset Management reports $13,747,224,745 in regulatory assets under management in its Form ADV filing dated February 3, 2026 (100% discretionary)." }, { "q": "How have Truston Asset Management's assets and staff changed since 2021?", "a": "In the Form ADV data for Truston Asset Management: Regulatory assets under management: $8,650,429,626 in the October 2021 data and $13,747,224,745 in the October 2026 data, up 59%. Total employees: 77 in October 2021 and 103 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Truston Asset Management serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (185)." }, { "q": "Which custodians does Truston Asset Management use?", "a": "Truston Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Hana Bank and Woori Bank as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Truston Asset Management report any disciplinary disclosures?", "a": "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/161610" }, { "q": "What changed in Truston Asset Management's recent Form ADV filings?", "a": "In the March 2026 filing data: Employees performing advisory functions went from 38 to 43. Regulatory assets under management went from $8,354,243,381 to $13,747,224,745 (+65%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 8650429626.0, "total_employees": 77, "filing_date": "2021-03-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 7459171865.0, "total_employees": 83, "filing_date": "2022-03-04" }, { "period": "2023-10-01", "regulatory_assets_under_management": 6811952528.0, "total_employees": 83, "filing_date": "2023-02-04" }, { "period": "2024-10-01", "regulatory_assets_under_management": 8066389573.0, "total_employees": 92, "filing_date": "2024-02-13" }, { "period": "2025-10-01", "regulatory_assets_under_management": 8354243381.0, "total_employees": 94, "filing_date": "2025-02-21" }, { "period": "2026-10-01", "regulatory_assets_under_management": 13747224745.0, "total_employees": 103, "filing_date": "2026-02-03" } ], "recent_changes": [ { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Employees performing advisory functions went from 38 to 43.", "Regulatory assets under management went from $8,354,243,381 to $13,747,224,745 (+65%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Hana Bank", "name_as_filed": "HANA BANK", "affiliated": false }, { "name": "Woori Bank", "name_as_filed": "WOORI BANK", "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/truston-asset-management-seoul-161610.md", "clients": [ { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": null, "fewer_than_5": true, "raum": 9370615.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 185, "fewer_than_5": false, "raum": 6415923973.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": null, "fewer_than_5": true, "raum": 140465031.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": null, "fewer_than_5": true, "raum": 7116815467.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": null, "fewer_than_5": true, "raum": 2757895.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": null, "fewer_than_5": true, "raum": 61891764.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "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/161610", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }