BTS Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and market timing.
BTS Asset Management reports 448 clients. They include 441 individual clients, 3 investment companies and 2 high-net-worth individuals. Of its assets, 100.0% ($145M across 448 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 98% | 32% |
| High-net-worth individuals | <1% | 25% |
| Investment companies | <1% | 41% |
| Pension and profit-sharing plans | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 441 | $45.7M | 31.6% | $104K |
| High-net-worth individuals | 2 | $35.8M | 24.7% | $17.9M |
| Investment companies | 3 | $60.1M | 41.5% | $20M |
| Pension and profit-sharing plans | 2 | $3.21M | 2.2% | $1.6M |
| Total | 448 | $145M | 100% | $323K |
- Clients
- 441
- Regulatory AUM
- $45.7M
- AUM share
- 31.6%
- Avg. per client
- $104K
- Clients
- 2
- Regulatory AUM
- $35.8M
- AUM share
- 24.7%
- Avg. per client
- $17.9M
- Clients
- 3
- Regulatory AUM
- $60.1M
- AUM share
- 41.5%
- Avg. per client
- $20M
- Clients
- 2
- Regulatory AUM
- $3.21M
- AUM share
- 2.2%
- Avg. per client
- $1.6M
Total
- Clients
- 448
- Regulatory AUM
- $145M
- AUM share
- 100%
- Avg. per client
- $323K
- 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
BTS Asset Management is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Vilis Pasts owns 50% to 75% of BTS Asset Management. The leadership team of BTS Asset Management includes President Isaac Braley. It has 13 employees, 4 of them in advisory roles.
Staff
- 13 employees
- 4 in advisory functions
- 5 state-registered reps
- 7 broker-dealer reps
- 200 soliciting firms
- Owns 50% to 75% of BTS Asset Management Inc
Vilis Pasts
Control person · since September 1979
- Owns 25% to 50% of BTS Asset Management Inc
Matthew Pasts
Control person · since January 1996
BTS Asset Management’s regulatory assets fell from $805M (March 2021) to $145M (March 2026); clients fell from 2,779 to 448 and employees from 31 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $145M | 448 | 13 | 1 |
| Jun 2025June 2025 | $189M | 599 | 17 | 1 |
| Mar 2024March 2024 | $209M | 834 | 19 | 1 |
| Mar 2023March 2023 | $377M | 1,700 | 21 | 1 |
| Mar 2022March 2022 | $613M | 2,212 | 29 | 1 |
| Mar 2021March 2021 | $805M | 2,779 | 31 | 1 |
Besides its headquarters, BTS Asset Management has 0 offices, with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 55 Old Bedford Road, Suite 203, LincolnHQ
Contact and registration details
- Legal name
- BTS Asset Management Inc
- Headquarters
- 55 Old Bedford Road, Suite 203, Lincoln, MA 01773
- Website
- btsfunds.com
- Phone
- 781-863-2545
- @bts-asset-management
- SEC file
- 801-14895
- Structure
- Massachusetts corporation
- Fiscal year end
- December
BTS Asset Management’s named custodian for separately managed accounts is Axos Advisor Services ($145M). BTS Asset Management does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Axos Advisor ServicesAxos Advisor Services · Centennial, CO · $145M100%
At year end, BTS Asset Management’s separately managed accounts were mostly in funds (95%). Its reported 13F holdings for the quarter ended 30 June 2026 total $47.4M across 31 positions; the largest are Xtrackers Usd High Yield Corporate Bond ETF Usd Class (51.5%), State Street SPDR Bloomberg 1 3 Month T Bill ETF (17.4%) and JPMORGAN Equity Premium Income ETF Usd Class (3.1%).
What the accounts hold
- Funds95%
- Cash5%
How many clients does BTS Asset Management have?
BTS Asset Management has 448 clients and manages $145 million for them, as of March 2026. They include 441 individual clients, 3 investment companies and 2 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does BTS Asset Management offer?
BTS Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and market timing.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does BTS Asset Management use?
BTS Asset Management’s separately managed account assets are held at Axos Advisor Services (Centennial, CO), with $145M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does BTS Asset Management have?
BTS Asset Management has 5 investment adviser representatives registered with state securities authorities, out of 13 employees, and 4 perform investment advisory functions. 7 employees are registered representatives of a broker-dealer and 0 employees are 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 BTS Asset Management invest in?
At the end of its last fiscal year, BTS Asset Management’s separately managed accounts held 95% registered funds (mutual funds, ETFs, BDCs) and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns BTS Asset Management?
BTS Asset Management’s direct owners are Vilis Pasts (50% to 75%) and Matthew Pasts (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does BTS Asset Management get paid?
BTS 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 BTS Asset Management?
BTS Asset Management’s main office is at 55 Old Bedford Road, Suite 203, Lincoln, MA 01773. Its phone number is 781-863-2545. Its website is btsfunds.com.
