# US Asset Management, LLC

> US Asset Management, LLC is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 2003, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 5, 2026.

- CRD: 124234
- Filed as: US ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: March 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/124234
- AdvisorCensus page: https://advisorcensus.com/firm/us-asset-management-llc-pittsburgh-pa-124234

## Quick answers

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

**Where is US Asset Management, LLC located?**
US Asset Management, LLC's principal office is in Pittsburgh, PA, according to its Form ADV.

**Is US Asset Management, LLC registered with the SEC or a state?**
US Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 124234.

**How much does US Asset Management, LLC manage?**
US Asset Management, LLC reports $358,460,029 in regulatory assets under management in its Form ADV filing dated March 5, 2026 (95% discretionary).

**How have US Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for US Asset Management, LLC: Regulatory assets under management: $252,846,223 in the October 2021 data and $358,460,029 in the October 2026 data, up 42%. Total employees: 6 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does US Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (30); pension and profit sharing plans (but not the plan participants or government pension plans) (11); high net worth individuals (7).

**Which custodians does US Asset Management, LLC use?**
US Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Wilmington Trust as a custodian holding 10% or more of its separately managed account assets.

**Does US Asset Management, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.F (authorization as an attorney, accountant, or federal contractor revoked or suspended). 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/124234

**What changed in US Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Its Item 11 disclosure answers changed. Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $321,229,308 to $358,460,029 (+12%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Wilmington Trust

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: $358,460,029
- Discretionary: $341,543,457
- Non-discretionary: $16,916,572

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | 7 | $9,279,067 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 11 | $16,916,572 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | 30 | $290,357,148 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |
| Other | Fewer than 5 | $41,907,242 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2003 (23 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PA
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.F: Has an authorization to act as an attorney, accountant, or federal contractor granted to the firm or an advisory affiliate ever been revoked or suspended?

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. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/124234

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $252,846,223 | 6 | March 29, 2021 |
| October 2022 | $274,862,099 | 4 | May 24, 2022 |
| October 2023 | $394,535,455 | 4 | March 31, 2023 |
| October 2024 | $467,476,449 | 6 | March 21, 2024 |
| October 2025 | $321,229,308 | 5 | April 3, 2025 |
| October 2026 | $358,460,029 | 6 | March 5, 2026 |

Regulatory assets under management: $252,846,223 in the October 2021 data and $358,460,029 in the October 2026 data, up 42%.
Total employees: 6 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Its Item 11 disclosure answers changed.
- Employees performing advisory functions went from 3 to 4.
- Regulatory assets under management went from $321,229,308 to $358,460,029 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. US Asset Management, LLC (CRD 124234): Form ADV filing data as of October 2026.