AQS Asset Management provides portfolio management for institutions.
AQS Asset Management reports 11 insurance companies. Of its assets, 100.0% ($4.07B across 13 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Insurance companies | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Insurance companies | 11 | $4.07B | 100.0% | $370M |
| Total | 11 | $4.07B | 100% | $370M |
- Clients
- 11
- Regulatory AUM
- $4.07B
- AUM share
- 100.0%
- Avg. per client
- $370M
Total
- Clients
- 11
- Regulatory AUM
- $4.07B
- AUM share
- 100%
- Avg. per client
- $370M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
AQS Asset Management is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Byron White owns 50% to 75% of AQS Asset Management. The leadership team of AQS Asset Management includes Chief Compliance Officer Byron White. It has 4 employees, 3 of them in advisory roles.
Leadership
- Byron WhiteChief Compliance Officer/Managing Director
- John WhiteManaging Director
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Byron Lee White
- John Larry White
Staff
- 4 employees
- 3 in advisory functions
- Owns 50% to 75% of Aqs Asset Management, L.L.C.
Byron White
Control person · since March 2004
- Owns 50% to 75% of Aqs Asset Management, L.L.C.
John White
Control person · since March 2004
AQS Asset Management’s regulatory assets grew from $2.93B (March 2021) to $4.07B (March 2026); clients rose from 10 to 11 and employees fell from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $4.07B | 11 | 4 | 1 |
| March 2025 | $3.45B | 11 | 4 | 1 |
| February 2024 | $3.42B | 11 | 4 | 1 |
| February 2023 | $3.25B | 11 | 4 | 1 |
| March 2022 | $3.71B | 11 | 5 | 1 |
| March 2021 | $2.93B | 10 | 5 | 1 |
Besides its headquarters, AQS Asset Management has 0 offices, with 1 listed address in Texas.
Texas · 1 listed address
- 5806 Mesa Drive, Ste 220, AustinHQ
Contact and registration details
- Legal name
- Aqs Asset Management, L.L.C.
- Headquarters
- 5806 Mesa Drive, Ste 220, Austin, TX 78731
- Website
- aqsllc.com
- Phone
- 512-314-0720
- @4848890
- SEC file
- 801-63166
- Structure
- Texas LLC
- Fiscal year end
- December
AQS Asset Management uses Northwest Bank ($1.96B, 81%) and Keybank National Association ($464M, 19%) as custodians for its separately managed accounts. AQS Asset Management does not have custody of client assets.
- Keybank National AssociationKeybank National Association · Cleveland, OH · $464M19%
- Northwest BankNorthwest Bank · Warren, PA · $1.96B81%
At year end, AQS Asset Management’s separately managed accounts were mostly in bonds (78%).
What the accounts hold
- Bonds78%
- Investment grade corporate bonds65%
- U.S. government and agency bonds6%
- State and local bonds4%
- High-yield corporate bonds3%
- Cash1%
- Other21%
- Commercial mortgage bridge loans: 9% asset backed securities: 12%21%
How many clients does AQS Asset Management have?
AQS Asset Management has 11 clients and manages $4.07 billion for them, as of March 2026. They include 11 insurance companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 March 2026
What services does AQS Asset Management offer?
AQS Asset Management provides portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does AQS Asset Management use?
AQS Asset Management’s separately managed account assets are held at Northwest Bank (Warren, PA), with $1.96B and Keybank National Association (Cleveland, OH), with $464M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 March 2026
How many financial advisors does AQS Asset Management have?
AQS Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does AQS Asset Management invest in?
At the end of its last fiscal year, AQS Asset Management’s separately managed accounts held 65% investment grade corporate bonds, 21% other, 6% U.S. government and agency bonds, 4% state and local bonds, 3% high-yield corporate bonds and 1% cash and equivalents. The 21% other category is described as: Commercial Mortgage Bridge Loans: 9% Asset Backed Securities: 12%.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns AQS Asset Management?
AQS Asset Management’s direct owners are Byron White (50% to 75%) and John White (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 March 2026
How does AQS Asset Management get paid?
AQS Asset Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact AQS Asset Management?
AQS Asset Management’s main office is at 5806 Mesa Drive, Ste 220, Austin, TX 78731. Its phone number is 512-314-0720. Its website is aqsllc.com.