BERKSHIRE ASSET MANAGEMENT, LLC

RIASEC RegisteredEst. 2007

Total AUM

$2.8B

Discretionary

$2.7B

96% of AUM

Avg account

$1.1M

Accounts

2,486

Employees

Advisory reps

Firm details

Headquarters: WILKES BARRE, Pennsylvania
CRD number: 145463
Registered since: July 1, 2007
Website: www.berkshireasset.com
Custodians: CHARLES SCHWAB & CO., INC., WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC
Fee structure: Percentage of AUM, Fixed Fees, Performance Based Fees
Client types: HNWI84.68%
Charitable Organizations7.4%
Corporations / Businesses3.29%
Pension & Profit Sharing Plans2.52%
Pooled Investment Vehicles1.01%
Services: Portfolio Management for IndividualsPortfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Berkshire Asset Management, LLC is a privately owned LLC that has been SEC-registered since 2007 and is classified in filings as a hedge fund/registered investment adviser. Its client base spans individuals and families as well as institutional investors. The firm lists a broad set of advisory activities on its ADV, including portfolio management for individuals, businesses, investment companies and pooled vehicles, selection of other advisers, and pension consulting services. Fee arrangements include asset-based fees, fixed fees and performance-based compensation. The firm is not identified as an active ESG investor and is not characterized as a capital allocator.