{ "crd_number": 131750, "slug": "usa-mutuals-advisors-inc-concord-ma-131750", "primary_business_name": "USA MUTUALS ADVISORS, INC.", "legal_name": "USA MUTUALS ADVISORS, INC.", "dbas": [], "city": "Concord", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2004-05-20", "years_registered": 22, "period": "2026-10-01", "filing_date": "2026-09-24", "carried_forward": false, "raum_total": 62152389.0, "raum_discretionary": 62152389.0, "raum_non_discretionary": 0.0, "raum_band": "25m_100m", "raum_band_label": "$25 million to $100 million", "total_employees": 2, "advisory_employees": 2, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 62152389.0, "count": 2 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "MA", "TX" ], "websites": [ "https://linkedin.com/company/usa-mutuals" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/131750", "city_as_filed": "CONCORD", "url": "https://advisorcensus.com/firm/usa-mutuals-advisors-inc-concord-ma-131750", "display_name": "USA Mutuals Advisors, Inc.", "summary": "USA Mutuals Advisors, Inc. is an SEC-registered investment advisory firm in Concord, MA, registered since 2004, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated September 24, 2026.", "citation": "AdvisorCensus. USA Mutuals Advisors, Inc. (CRD 131750): 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 investment companies (and business development companies)" ], "quick_answers": [ { "q": "How is USA Mutuals Advisors, Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), USA Mutuals Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is USA Mutuals Advisors, Inc. located?", "a": "USA Mutuals Advisors, Inc.'s principal office is in Concord, MA, according to its Form ADV." }, { "q": "Is USA Mutuals Advisors, Inc. registered with the SEC or a state?", "a": "USA Mutuals Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131750." }, { "q": "How much does USA Mutuals Advisors, Inc. manage?", "a": "USA Mutuals Advisors, Inc. reports $62,152,389 in regulatory assets under management in its Form ADV filing dated September 24, 2026 (100% discretionary)." }, { "q": "How have USA Mutuals Advisors, Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for USA Mutuals Advisors, Inc.: Regulatory assets under management: $123,839,033 in the October 2021 data and $62,152,389 in the October 2026 data, down 50%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does USA Mutuals Advisors, Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (2)." }, { "q": "Does USA Mutuals Advisors, Inc. 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/131750" }, { "q": "What changed in USA Mutuals Advisors, Inc.'s recent Form ADV filings?", "a": "In the October 2026 filing data: Regulatory assets under management went from $73,724,628 to $62,152,389 (-16%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 123839033.0, "total_employees": 2, "filing_date": "2021-09-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": 84751887.0, "total_employees": 2, "filing_date": "2022-09-28" }, { "period": "2023-10-01", "regulatory_assets_under_management": 104219141.0, "total_employees": 4, "filing_date": "2023-09-06" }, { "period": "2024-10-01", "regulatory_assets_under_management": 87448573.0, "total_employees": 4, "filing_date": "2024-09-18" }, { "period": "2025-10-01", "regulatory_assets_under_management": 87448573.0, "total_employees": 4, "filing_date": "2025-02-03" }, { "period": "2026-10-01", "regulatory_assets_under_management": 62152389.0, "total_employees": 2, "filing_date": "2026-09-24" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Regulatory assets under management went from $73,724,628 to $62,152,389 (-16%)." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Registered or notice-filed in MA." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Regulatory assets under management went from $87,448,573 to $73,724,628 (-16%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/usa-mutuals-advisors-inc-concord-ma-131750.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 2, "fewer_than_5": false, "raum": 62152389.0 } ], "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/131750", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }