Lewis Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, and insurance. Financial planning was provided to 1–10 clients last fiscal year.
Lewis Asset Management reports 282 clients. They include 167 individual clients, 109 high-net-worth individuals, and 5 corporations and other businesses. Of its assets, 98.8% ($383M across 610 accounts) are managed with discretion; $4.52M across 21 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 59% | 10% |
| High-net-worth individuals | 39% | 89% |
| Pension and profit-sharing plans | <1% | <1% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 167 | $39.8M | 10.3% | $238K |
| High-net-worth individuals | 109 | $345M | 89.1% | $3.17M |
| Pension and profit-sharing plans | Fewer than 5 | $776K | 0.2% | $776K |
| Corporations and other businesses | 5 | $1.5M | 0.4% | $299K |
| Total | 282 | $387M | 100% | — |
- Clients
- 167
- Regulatory AUM
- $39.8M
- AUM share
- 10.3%
- Avg. per client
- $238K
- Clients
- 109
- Regulatory AUM
- $345M
- AUM share
- 89.1%
- Avg. per client
- $3.17M
- Clients
- Fewer than 5
- Regulatory AUM
- $776K
- AUM share
- 0.2%
- Avg. per client
- $776K
- Clients
- 5
- Regulatory AUM
- $1.5M
- AUM share
- 0.4%
- Avg. per client
- $299K
Total
- Clients
- 282
- Regulatory AUM
- $387M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 1–10
Lewis Asset Management charges 1.00%–2.00% a year for its Investment Management. The fee is billed in advance, is negotiable and has a $1,500 annual minimum. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial plans are a fixed fee of $7,500, negotiable, invoiced in advance.
David Lewis owns 75% or more of Lewis Asset Management. The leadership team of Lewis Asset Management includes Chief Compliance Officer David Lewis. It has 5 employees.
Leadership
- David LewisManaging Member/Chief Compliance Officer
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Eric Paul Aposhian
- David William Lewis JR
- Joseph Frederick McDonough
- Mark Phillips
- David Wissinger
Staff
- 5 employees
- 5 in advisory functions
- 5 state-registered reps
- 3 insurance agents
- Owns 75% or more of Lewis Asset Management, LLC
David Lewis
Control person · since February 2007
Lewis Asset Management’s regulatory assets grew 3.3× from $118M (March 2021) to $387M (May 2026); clients rose from 155 to 282 and employees from 3 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $387M | 282 | 5 | 2 |
| May 2025 | $214M | 242 | 5 | 2 |
| March 2024 | $176M | 240 | 3 | 2 |
| March 2023 | $154M | 222 | 3 | 2 |
| May 2022 | $141M | 212 | 3 | 2 |
| March 2021 | $118M | 155 | 3 | 2 |
Besides its headquarters, Lewis Asset Management has 1 office, with 2 listed addresses in California and Pennsylvania.
California · 1 listed address
- 985 Moraga RD., Suite 207, LafayetteHQ
Pennsylvania · 1 listed address
- 9 N. Main Street, Pittston
Contact and registration details
- Legal name
- Lewis Asset Management, LLC
- Headquarters
- 985 Moraga RD., Suite 207, Lafayette, CA 94549
- Website
- lewisassetmanagement.com
- Phone
- 925-284-4033
- SEC file
- 801-119399
- Founded
- 2007
- Structure
- California LLC
- Fiscal year end
- December
Lewis Asset Management uses Charles Schwab ($387M) as custodian for its separately managed accounts. Lewis Asset Management has custody of $105M in client assets for 84 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $387M100%
At year end, Lewis Asset Management’s separately managed accounts were mostly in stocks (76%) and funds (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $285M across 219 positions; the largest are Nvidia Corporation (5.8%), Apple Inc. (5.6%) and State Str SPDR S&P 500 ETF T (4.3%).
What the accounts hold
- Stocks76%
- Funds12%
- Bonds9%
- Investment grade corporate bonds5%
- State and local bonds4%
- Cash2%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $285M
- Reported 13F value
- 219
- Positions
- 31.1%
- In the 10 largest
- +16.7%
- Value vs. prior quarter
- Nvidia Corporation5.8%
- Apple Inc.5.6%
- State Str SPDR S&P 500 ETF T · TR Unit4.3%
- Amazon Com Inc.3.2%
- Alphabet Inc. · Cap Stk CL A2.4%
- Alphabet Inc. · Cap Stk CL C2.2%
- Microsoft Corp.1.9%
- Broadcom Inc.1.9%
- Meta Platforms Inc. · CL A1.9%
- Vanguard Index Fds · Growth ETF1.8%
Together, the ten largest are 31.1% of reported value.
How many clients does Lewis Asset Management have?
Lewis Asset Management has 282 clients and manages $387 million for them, as of May 2026. They include 167 individual clients, 109 high-net-worth individuals, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 May 2026
What services does Lewis Asset Management offer?
Lewis Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Lewis Asset Management charge?
Lewis Asset Management charges 1.00%–2.00% a year for its Investment Management. The fee is billed in advance, is negotiable and has a $1,500 annual minimum.
Source: ADV PART 2 A LEWIS ASSET MANAGEMENT 143409, filed 20 May 2026
Which custodians does Lewis Asset Management use?
Lewis Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $387M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 May 2026
How many financial advisors does Lewis Asset Management have?
Lewis Asset Management has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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 Lewis Asset Management invest in?
At the end of its last fiscal year, Lewis Asset Management’s separately managed accounts held 76% exchange-traded equities, 12% registered funds (mutual funds, ETFs, BDCs), 5% investment grade corporate bonds, 4% state and local bonds and 2% 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 Lewis Asset Management?
Lewis Asset Management’s direct owner is David Lewis (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 May 2026
How does Lewis Asset Management get paid?
Lewis 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 Lewis Asset Management?
Lewis Asset Management’s main office is at 985 Moraga RD., Suite 207, Lafayette, CA 94549. Its phone number is 925-284-4033. Its website is lewisassetmanagement.com.