{"url":"https://nivawealth.com/firms/asb-capital-management-110995","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110995","regulatoryAum":36676563819,"crd":"110995","secFileNumber":"801-57896","legalName":"Asb Capital Management LLC","displayName":"Asb Capital Management","website":null,"linkedinUrl":"https://www.linkedin.com/company/asb-capital-management/","founded":null,"organization":"Maryland limited liability company","fiscalYearEnd":"December","headquarters":{"street":"7501 Wisconsin Avenue, West Tower, 13th Floor","city":"Bethesda","state":"MD","stateName":"Maryland","country":"United States","postalCode":"20814"},"tradeNames":["Asb Investment Management, A Division of Asb Capital Management LLC","Asb Real Estate Investments, A Division of Asb Capital Management LLC"],"registration":{"secApproved":"8 September 2000","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":62,"advisory":33,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":36676563819,"discretionaryAccounts":84,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":1,"regulatoryAum":16124562},{"label":"Pooled investment vehicles","clients":5,"regulatoryAum":32991035099},{"label":"Pension and profit-sharing plans","clients":21,"regulatoryAum":1129533531},{"label":"Charitable organizations","clients":18,"regulatoryAum":176497611},{"label":"State or municipal government entities","clients":1,"regulatoryAum":5240054},{"label":"Insurance companies","clients":18,"regulatoryAum":736585689},{"label":"Corporations and other businesses","clients":19,"regulatoryAum":1621547273}],"fees":[],"feeNotes":[],"custodians":[{"name":"Chevy Chase Trust Company","shortName":"Chevy Chase Trust","location":"Bethesda, MD","smaAssets":860712151},{"name":"The Bank of New York Mellon Corporation","shortName":"The Bank of New York Mellon","location":"Boston, MA","smaAssets":1200001879},{"name":"Comerica Bank","shortName":"Comerica Bank","location":"Dallas, TX","smaAssets":634401422},{"name":"US Bank National Association","shortName":"US Bank National Association","location":"Milwaukee, WI","smaAssets":615556675}],"custodyNote":"Asb Capital Management has custody of $4.23B for 2 clients.","otherCustodians":[],"leadership":[{"name":"Joel Friedman","title":"Chief Financial Officer","crd":"5907347"},{"name":"Matthew Ruland","title":"Chief Operating Officer","crd":"7531606"},{"name":"Paul Duncan","title":"Chief Compliance Officer","crd":"3061348"},{"name":"Robert Bellinger","title":"CEO, Asb Capital Management LLC","crd":"2706177"},{"name":"George Clancy","title":"Director","crd":"2981916"},{"name":"Gilbert Grosvenor","title":"Director","crd":"5773175"},{"name":"William McSweeny","title":"Director","crd":"2743170"},{"name":"Howard Platts","title":"Director","crd":"5649604"},{"name":"Earl Powell","title":"Director","crd":"6945455"},{"name":"Brendan Reed","title":"General Counsel","crd":"7851886"},{"name":"Bernard Saul","title":"Chairman of the Board of Directors and Director","crd":"1512547"},{"name":"Patricia Saul","title":"Vice Chair of the Board of Directors and Director","crd":"7055660"},{"name":"John Whitaker","title":"Director","crd":"4988593"}],"ownership":[{"label":"Chevy Chase Trust Holdings, LLC","detail":"Owner in the 75% or more ownership band and a control person, since February 2009."},{"label":"Westminster Investing, LLC","detail":"Indirect owner: a owner of Chevy Chase Trust Holdings, LLC in the 75% or more band and a control person, since February 2009.","parent":"Chevy Chase Trust Holdings, LLC"},{"label":"Chevy Chase Holdings, Inc.","detail":"Indirect owner: a owner of Westminster Investing, LLC in the 75% or more band and a control person, since February 2009.","parent":"Westminster Investing, LLC"},{"label":"Bernard Saul","detail":"Indirect owner: a owner of Chevy Chase Holdings, Inc. in the 75% or more band and a control person, since February 2009.","parent":"Chevy Chase Holdings, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"744 Cowper Street","city":"Palo Alto"}]},{"state":"Maryland","offices":1,"addresses":[{"street":"7501 Wisconsin Avenue, West Tower, 13th Floor","city":"Bethesda","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"240-482-2900","stateRegisteredReps":18,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":32},{"label":"U.S. government/agency bonds","percent":15},{"label":"U.S. state and local bonds","percent":14},{"label":"Sovereign bonds","percent":1},{"label":"Investment grade corporate bonds","percent":31},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":2},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":3,"detail":"Real Estate"}],"privateFunds":0},"sources":{"adv1FilingDate":"29 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110995/PDF/110995.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Asb Capital Management have?","answer":"Asb Capital Management has 83 clients and manages $36.7 billion for them, as of April 2026. They include 21 pension and profit-sharing plans, 19 corporations and other businesses and 18 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 29 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Asb Capital Management offer?","answer":"Asb Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Asb Capital Management use?","answer":"Asb Capital Management’s separately managed account assets are held at The Bank of New York Mellon Corporation (Boston, MA), with $1,200,001,879, Chevy Chase Trust Company (Bethesda, MD), with $860,712,151, Comerica Bank (Dallas, TX), with $634,401,422 and US Bank National Association (Milwaukee, WI), with $615,556,675. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Asb Capital Management have?","answer":"Asb Capital Management has 18 investment adviser representatives registered with state securities authorities, out of 62 employees, and 33 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Asb Capital Management invest in?","answer":"At the end of its last fiscal year, Asb Capital Management’s separately managed accounts held 32% exchange-traded equities, 31% investment grade corporate bonds, 15% U.S. government and agency bonds, 14% state and local bonds, 3% real estate, 2% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents, 1% sovereign bonds, 1% derivatives and 1% pooled vehicles (private funds and similar). It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Asb Capital Management?","answer":"Asb Capital Management is owned through a trust by Bernard Saul. Its direct owner is Chevy Chase Trust Holdings, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 29 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Asb Capital Management get paid?","answer":"Asb Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}