Fair Asset Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 26–50 clients last fiscal year.
Fair Asset Management reports 47 clients. They include 31 high-net-worth individuals and 16 individual clients. Of its assets, 100.0% ($120M across 188 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 34% | 8% |
| High-net-worth individuals | 66% | 92% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 16 | $9.09M | 7.6% | $568K |
| High-net-worth individuals | 31 | $111M | 92.4% | $3.57M |
| Total | 47 | $120M | 100% | $2.55M |
- Clients
- 16
- Regulatory AUM
- $9.09M
- AUM share
- 7.6%
- Avg. per client
- $568K
- Clients
- 31
- Regulatory AUM
- $111M
- AUM share
- 92.4%
- Avg. per client
- $3.57M
Total
- Clients
- 47
- Regulatory AUM
- $120M
- AUM share
- 100%
- Avg. per client
- $2.55M
- 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
- 26–50
Fair Asset Management is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Philip Orwig owns 75% or more of Fair Asset Management. It has 1 employee.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- 1 insurance agent
- Owns 75% or more of Fair Asset Management, LLC
Philip Orwig
Control person · since January 2025
Besides its headquarters, Fair Asset Management has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Fair Asset Management, LLC
- Headquarters
- Not reported
- Website
- fairassetmgmt.com
- Phone
- 214-991-0823
- @fairassetmgmt
- SEC file
- 801-135484
- Structure
- Texas LLC
- Fiscal year end
- December
Fair Asset Management’s named custodian for separately managed accounts is Altruist ($120M). Fair Asset Management does not have custody of client assets.
- AltruistAltruist Financial LLC · Culver City, CA · $120M100%
At year end, Fair Asset Management’s separately managed accounts were mostly in funds (85%) and stocks (10%).
What the accounts hold
- Stocks10%
- Funds85%
- Cash5%
How many clients does Fair Asset Management have?
Fair Asset Management has 47 clients and manages $120 million for them, as of March 2026. They include 31 high-net-worth individuals and 16 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 March 2026
What services does Fair Asset Management offer?
Fair Asset Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Fair Asset Management use?
Fair Asset Management’s separately managed account assets are held at Altruist Financial LLC (Culver City, CA), with $120M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 March 2026
How many financial advisors does Fair Asset Management have?
Fair Asset Management has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Fair Asset Management invest in?
At the end of its last fiscal year, Fair Asset Management’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities 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 Fair Asset Management?
Fair Asset Management’s direct owner is Philip Orwig (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 12 March 2026
How does Fair Asset Management get paid?
Fair 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
How do I contact Fair Asset Management?
Its phone number is 214-991-0823. Its website is fairassetmgmt.com.