# Truston Asset Management

> 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.

- CRD: 161610
- Filed as: TRUSTON ASSET MANAGEMENT
- Legal name: Truston Asset Management Co., Ltd.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seoul, Korea, South
- Filing period: October 2026
- Form ADV filing dated: February 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161610
- AdvisorCensus page: https://advisorcensus.com/firm/truston-asset-management-seoul-161610

## Quick answers

**How is Truston Asset Management compensated?**
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.

**Where is Truston Asset Management located?**
Truston Asset Management's principal office is in Seoul, Korea, South, according to its Form ADV.

**Is Truston Asset Management registered with the SEC or a state?**
Truston Asset Management is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161610.

**How much does Truston Asset Management manage?**
Truston Asset Management reports $13,747,224,745 in regulatory assets under management in its Form ADV filing dated February 3, 2026 (100% discretionary).

**How have Truston Asset Management's assets and staff changed since 2021?**
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.

**What types of clients does Truston Asset Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (185).

**Which custodians does Truston Asset Management use?**
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.

**Does Truston Asset Management 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/161610

**What changed in Truston Asset Management's recent Form ADV filings?**
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%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Hana Bank
- Woori Bank

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: $13,747,224,745
- Discretionary: $13,684,987,911
- Non-discretionary: $62,236,834

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | Fewer than 5 | $9,370,615 |
| Pooled investment vehicles (other than investment companies and business development companies) | 185 | $6,415,923,973 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $140,465,031 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $7,116,815,467 |
| Other investment advisers | Fewer than 5 | $2,757,895 |
| Insurance companies | Fewer than 5 | $61,891,764 |

### 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: 2012 (14 years)
- Employees: 103 total, 43 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)
- trustonasset.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $8,650,429,626 | 77 | March 17, 2021 |
| October 2022 | $7,459,171,865 | 83 | March 4, 2022 |
| October 2023 | $6,811,952,528 | 83 | February 4, 2023 |
| October 2024 | $8,066,389,573 | 92 | February 13, 2024 |
| October 2025 | $8,354,243,381 | 94 | February 21, 2025 |
| October 2026 | $13,747,224,745 | 103 | February 3, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Truston Asset Management (CRD 161610): Form ADV filing data as of October 2026.