{"url":"https://nivawealth.com/firms/private-asset-management-108815","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108815","regulatoryAum":109489332,"crd":"108815","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2412201","suffix":null,"lastName":"CANDELARIO","firstName":"CLARISSA","middleName":null},{"crd":"1203266","suffix":null,"lastName":"THAYER","firstName":"MICHAEL","middleName":"LAWRENCE"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-10","regulatoryAum":150664310,"clients":97,"employees":4,"offices":1},{"filedOn":"2022-03-08","regulatoryAum":168562817,"clients":94,"employees":3,"offices":1},{"filedOn":"2023-03-22","regulatoryAum":167297640,"clients":106,"employees":3,"offices":1},{"filedOn":"2024-02-27","regulatoryAum":168866882,"clients":106,"employees":3,"offices":1},{"filedOn":"2025-05-05","regulatoryAum":105171786,"clients":79,"employees":3,"offices":1},{"filedOn":"2026-04-30","regulatoryAum":109489332,"clients":60,"employees":4,"offices":1}],"secFileNumber":"801-52507","legalName":"Private Asset Management Inc","displayName":"Private Asset Management","slug":"private-asset-management-108815","website":"https://privateasset.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/108815/5ca328038b45ca82-r1.webp","tone":"light","width":1195,"height":200,"sourceUrl":"https://www.privateasset.com/","sourceLabel":"Private Asset Management INC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/private-asset-management-incorporated/about/","founded":null,"organization":"Washington corporation","fiscalYearEnd":"December","headquarters":{"street":"4040 Lake Washington BLVD Ne, #305","city":"Kirkland","state":"WA","stateName":"Washington","country":"United States","postalCode":"98033"},"tradeNames":[],"registration":{"secApproved":"26 July 1996","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1824822.2,"staff":{"employees":4,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":109489332,"discretionary":79552165,"discretionaryAccounts":120,"nonDiscretionary":29937167,"nonDiscretionaryAccounts":57,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":20,"regulatoryAum":8427787},{"label":"High-net-worth individuals","clients":40,"regulatoryAum":101061545}],"feePrograms":[{"role":"main","program":"Wealth Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043438","versionId":1043438,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-04-30","documentName":"PRIVATE ASSET MANAGEMENT, INC. ADV PART 2A MAR 31, 2026","fee_rate_low":0.35,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":10000},{"role":"other","program":"Hourly Investment Advice","summary":"Hourly advice on assets not supervised on an ongoing basis, billed directly to the client at an hourly rate that will not exceed $375.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043438","versionId":1043438,"submittedOn":"2026-04-30","documentName":"PRIVATE ASSET MANAGEMENT, INC. ADV PART 2A MAR 31, 2026"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:01:16.269707+00:00","documents":[{"name":"PRIVATE ASSET MANAGEMENT, INC. ADV PART 2A MAR 31, 2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043438","versionId":1043438,"submittedOn":"2026-04-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":107983160}],"custodyNote":"Private Asset Management has custody of $82.9M in client assets for 46 clients.","otherCustodians":[],"leadership":[{"name":"Michael Thayer","title":"President","crd":"1203266"},{"name":"Michael Thayer","title":"Chief Compliance Officer","crd":"1203266"}],"ownership":[{"label":"Michael Thayer","detail":"President in the 75% or more ownership band and a control person, since July 1996. Also chief compliance officer in the 50% to 75% ownership band and a control person, since October 2004."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Washington","offices":1,"addresses":[{"street":"4040 Lake Washington BLVD Ne, #305","city":"Kirkland","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"425-213-1600","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Publication of periodicals or newsletters"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":2},{"label":"U.S. government/agency bonds","percent":14},{"label":"Securities issued by registered investment companies or business development companies","percent":73},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":8,"detail":"Alternatives and Real Estate"}],"privateFunds":0},"sources":{"adv1FilingDate":"30 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108815/PDF/108815.pdf","brochureDate":"30 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043438","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Private Asset Management have?","answer":"Private Asset Management has 60 clients and manages $109 million for them, as of April 2026. They include 40 high-net-worth individuals and 20 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Private Asset Management offer?","answer":"Private Asset Management provides financial planning, portfolio management for individuals and small businesses, and publishing newsletters.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Private Asset Management charge?","answer":"Private Asset Management charges 0.35%–1.00% a year for its Wealth Management. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum.","source":"PRIVATE ASSET MANAGEMENT, INC. ADV PART 2A MAR 31, 2026, filed 30 April 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Private Asset Management use?","answer":"Private Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $108M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Private Asset Management have?","answer":"Private Asset Management has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 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 Private Asset Management invest in?","answer":"At the end of its last fiscal year, Private Asset Management’s separately managed accounts held 73% registered funds (mutual funds, ETFs, BDCs), 14% U.S. government and agency bonds, 8% other, 3% cash and equivalents and 2% exchange-traded equities. The 8% other category is described as: Alternatives and Real Estate.","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 Private Asset Management?","answer":"Private Asset Management’s direct owner is Michael Thayer (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Private Asset Management get paid?","answer":"Private Asset Management is paid through a percentage of assets under management, hourly charges 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Private Asset Management?","answer":"Private Asset Management’s main office is at 4040 Lake Washington BLVD Ne, #305, Kirkland, WA 98033. Its phone number is 425-213-1600. Its website is privateasset.com.","source":"Form ADV Part 1A, Item 1.F, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"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 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."}