Clients
Congress Asset Management serves 8,312 clients, 1,611 of them high-net-worth individuals. The average client has about $1.7 million with the firm, and high-net-worth clients hold 31% of its $14.2 billion in assets.
- Individuals6,408 clients17%
- High-net-worth individuals1,611 clients31%
- Investment companies8 clients30%
- Pension and profit-sharing plans49 clients9%
- Charitable organizations94 clients6%
- OtherState or municipal government entities, Pooled investment vehicles, Insurance companies, Corporations and other businesses6%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 6,408 | $2,416,584,802 | 17.0% | $377K |
| High-net-worth individuals | 1,611 | $4,400,173,678 | 31.0% | $2.73M |
| Investment companies | 8 | $4,271,515,653 | 30.1% | $533.9M |
| Pooled investment vehicles | 3 | $52,395,876 | 0.4% | $17.5M |
| Pension and profit-sharing plans | 49 | $1,333,028,501 | 9.4% | $27.2M |
| Charitable organizations | 94 | $920,916,259 | 6.5% | $9.80M |
| State or municipal government entities | 5 | $531,631,012 | 3.7% | $106.3M |
| Insurance companies | 3 | $49,042,478 | 0.3% | $16.3M |
| Corporations and other businesses | 131 | $224,667,844 | 1.6% | $1.72M |
| Total | 8,312 | $14,199,956,103 | 100% | $1.71M |
- Clients
- 6,408
- Regulatory AUM
- $2,416,584,802
- Share
- 17.0%
- Avg. per client
- $377K
- Clients
- 1,611
- Regulatory AUM
- $4,400,173,678
- Share
- 31.0%
- Avg. per client
- $2.73M
- Clients
- 8
- Regulatory AUM
- $4,271,515,653
- Share
- 30.1%
- Avg. per client
- $533.9M
- Clients
- 3
- Regulatory AUM
- $52,395,876
- Share
- 0.4%
- Avg. per client
- $17.5M
- Clients
- 49
- Regulatory AUM
- $1,333,028,501
- Share
- 9.4%
- Avg. per client
- $27.2M
- Clients
- 94
- Regulatory AUM
- $920,916,259
- Share
- 6.5%
- Avg. per client
- $9.80M
- Clients
- 5
- Regulatory AUM
- $531,631,012
- Share
- 3.7%
- Avg. per client
- $106.3M
- Clients
- 3
- Regulatory AUM
- $49,042,478
- Share
- 0.3%
- Avg. per client
- $16.3M
- Clients
- 131
- Regulatory AUM
- $224,667,844
- Share
- 1.6%
- Avg. per client
- $1.72M
Total
- Clients
- 8,312
- Regulatory AUM
- $14,199,956,103
- Share
- 100%
- Avg. per client
- $1.71M
What it does
Congress Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and educational seminars. It is paid through a percentage of assets and fixed fees.
Congress Asset Management advises no private funds.
100.0% of assets ($14.20B across 8,312 accounts) are managed with discretion. $2.39B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 25 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks79%
- Funds3%
- Bonds15%
- U.S. government and agency bonds7%
- Investment grade corporate bonds7%
- State and local bonds1%
- Cash3%
Custodians
Congress Asset Management’s client accounts are held mainly at Fidelity, with 24% of managed assets. Congress Asset Management has custody of $226.5M for 51 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $3.36B24%
- All other custodians$10.84B76%
Ownership and leadership
Lagan Holding Company Trust owns 75% or more of Congress Asset Management, and Daniel Lagan is its CEO.
- Owns 75% or more of Congress Asset Management Company, LLP
Lagan Holding Company Trust
Control person · since January 1990
- Owns 50% to 75% of Lagan Holding Company Trust
Daniel Lagan
Control person · since June 2004
- Owns 25% to 50% of Lagan Holding Company Trust
Christopher Lagan
Control person · since June 2004
Matthew Lagan
Officer · Control person · since June 2013
Leadership
- Daniel LaganChief Executive Officer and Chief Investment Officer
- Matthew LaganVice President & Portfolio Manager
- Christopher LaganPresident
- James FricanoChief Compliance Officer
Staff
- 79 employees
- 28 in advisory functions
- 14 state-registered reps
- 14 broker-dealer reps
Reported holdings
Congress Asset Management’s reported 13F holdings total $16.25B across 376 positions, and the ten largest make up 18.6% of it.
- $16.25B
- Reported 13F value
- 376
- Positions
- 18.6%
- In the 10 largest
- +16.5%
- Value vs. prior quarter
- Nvidia Corp..3.2%
- Apple Inc..2.9%
- Alphabet Inc..2.2%
- Microsoft Corp..1.9%
- Broadcom Inc.1.7%
- Visa Inc.1.4%
- GE Vernova Inc..1.4%
- Amphenol Corporation1.3%
- Ligand Pharmaceuticals Incorporated1.3%
- Arista Networks Inc.1.2%
Together, the ten largest are 18.6% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $16.25B is not its $14.20B in regulatory assets and does not represent any individual client's portfolio.
Fees
Congress Asset Management is paid through a percentage of assets under management and fixed fees (other than subscription fees).
Congress Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Congress Asset Management has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 2 Seaport Lane, BostonHQ
Registration details
- Legal name
- Congress Asset Management Company, LLP
- Headquarters
- 2 Seaport Lane, Boston, MA 02210-2001
- Phone
- 617-428-4300
- Website
- www.congressasset.com
- SEC file
- 801-23386
- Structure
- Delaware limited liability partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Congress Asset Management have?
Congress Asset Management has 8,312 clients and manages $14.2 billion for them, as of March 2026. They include 6,408 other individuals, 1,611 high-net-worth individuals and 131 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Congress Asset Management offer?
Congress Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Congress Asset Management use?
Congress Asset Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $3,359,806,586. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Congress Asset Management have?
Congress Asset Management has 14 investment adviser representatives registered with state securities authorities, out of 79 employees, and 28 perform investment advisory functions. 14 are registered representatives of a broker-dealer and 0 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 Congress Asset Management invest in?
At the end of its last fiscal year, Congress Asset Management’s separately managed accounts held 79% exchange-traded equities, 7% U.S. government and agency bonds, 7% investment grade corporate bonds, 3% pooled vehicles (private funds and similar), 3% cash and equivalents and 1% state and local bonds. 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
Who owns Congress Asset Management?
Congress Asset Management is owned through a trust by Daniel and Christopher Lagan. Its direct owner is Lagan Holding Company Trust (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Congress Asset Management get paid?
Congress Asset Management is paid through a percentage of assets under management and fixed fees. 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