# USA Mutuals Advisors, Inc.

> 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.

- CRD: 131750
- Filed as: USA MUTUALS ADVISORS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Concord, MA
- Filing period: October 2026
- Form ADV filing dated: September 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131750
- AdvisorCensus page: https://advisorcensus.com/firm/usa-mutuals-advisors-inc-concord-ma-131750

## Quick answers

**How is USA Mutuals Advisors, Inc. compensated?**
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.

**Where is USA Mutuals Advisors, Inc. located?**
USA Mutuals Advisors, Inc.'s principal office is in Concord, MA, according to its Form ADV.

**Is USA Mutuals Advisors, Inc. registered with the SEC or a state?**
USA Mutuals Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131750.

**How much does USA Mutuals Advisors, Inc. manage?**
USA Mutuals Advisors, Inc. reports $62,152,389 in regulatory assets under management in its Form ADV filing dated September 24, 2026 (100% discretionary).

**How have USA Mutuals Advisors, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does USA Mutuals Advisors, Inc. serve?**
By number of clients on Form ADV Item 5.D: investment companies (2).

**Does USA Mutuals Advisors, Inc. 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/131750

**What changed in USA Mutuals Advisors, Inc.'s recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $73,724,628 to $62,152,389 (-16%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $62,152,389
- Discretionary: $62,152,389
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 2 | $62,152,389 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2004 (22 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @usa-mutuals

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $123,839,033 | 2 | September 29, 2021 |
| October 2022 | $84,751,887 | 2 | September 28, 2022 |
| October 2023 | $104,219,141 | 4 | September 6, 2023 |
| October 2024 | $87,448,573 | 4 | September 18, 2024 |
| October 2025 | $87,448,573 | 4 | February 3, 2025 |
| October 2026 | $62,152,389 | 2 | September 24, 2026 |

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.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $73,724,628 to $62,152,389 (-16%).

### March 2026
- Registered or notice-filed in MA.

### December 2025
- Regulatory assets under management went from $87,448,573 to $73,724,628 (-16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. USA Mutuals Advisors, Inc. (CRD 131750): Form ADV filing data as of October 2026.