Clients
Truston Asset Management serves 185 clients. The average client has about $74 million with the firm.
- Pooled investment vehicles185 clients47%
- State or municipal government entities52%
- OtherBanking or thrift institutions, Pension and profit-sharing plans, Other investment advisers, Insurance companies2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | Not reported | $9,370,615 | 0.1% | — |
| Pooled investment vehicles | 185 | $6,415,923,973 | 46.7% | $34.7M |
| Pension and profit-sharing plans | Not reported | $140,465,031 | 1.0% | — |
| State or municipal government entities | Not reported | $7,116,815,467 | 51.8% | — |
| Other investment advisers | Not reported | $2,757,895 | 0.0% | — |
| Insurance companies | Not reported | $61,891,764 | 0.5% | — |
| Total | 185 | $13,747,224,745 | 100% | $74.3M |
- Clients
- Not reported
- Regulatory AUM
- $9,370,615
- Share
- 0.1%
- Avg. per client
- —
- Clients
- 185
- Regulatory AUM
- $6,415,923,973
- Share
- 46.7%
- Avg. per client
- $34.7M
- Clients
- Not reported
- Regulatory AUM
- $140,465,031
- Share
- 1.0%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $7,116,815,467
- Share
- 51.8%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $2,757,895
- Share
- 0.0%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $61,891,764
- Share
- 0.5%
- Avg. per client
- —
Total
- Clients
- 185
- Regulatory AUM
- $13,747,224,745
- Share
- 100%
- Avg. per client
- $74.3M
What it does
Truston Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Truston Asset Management advises no private funds.
99.5% of assets ($13.68B across 193 accounts) are managed with discretion; $62.2M across 3 accounts are not. 100% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Exchange-traded equity securities
- 97%
- Derivatives
- 1%
- Securities issued by pooled investment vehicles (other than registered investment companies)
- 1%
- Cash and cash equivalents
- 2%
Custodians
Truston Asset Management’s client accounts are held mainly at Woori Bank, with 49% of managed assets, and Hana Bank, with 6%. Truston Asset Management does not have custody of client assets.
- Woori BankWoori Bank · Seoul · $6.72B49%
- Hana BankHana Bank · Seoul · $863.0M6%
- All other custodians$6.17B45%
Ownership and leadership
Sung Taek Hwang owns 50% to 75% of Truston Asset Management.
- Owns 50% to 75% of Truston Asset Management Co., LTD.
Sung Taek Hwang
Control person · since April 2001
Leadership
- Sung Taek HwangPresident and Co- CEO
- Young Ho KimVice President and Co- CEO
- In Soo YooChief Compliance Officer
Staff
- 103 employees
- 43 in advisory functions
Fees
Truston Asset Management is paid through a percentage of assets under management and performance-based fees.
Truston 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, Truston Asset Management has 0 offices, with 1 listed address with no US state reported.
Registration details
- Legal name
- Truston Asset Management Co., LTD.
- Headquarters
- 10, Ttukseom-Ro 1-Gil, Seongdong-Gu, Seoul, Korea, South 04779
- Phone
- 82263080500
- Website
- www.trustonasset.com
- SEC file
- 801-74536
- Structure
- corporation organized in Korea, South
- 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 Truston Asset Management have?
Truston Asset Management has 185 clients and manages $13.7 billion for them, as of February 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 February 2026
What services does Truston Asset Management offer?
Truston Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Truston Asset Management use?
Truston Asset Management’s separately managed account assets are held at Woori Bank (Seoul), with $6,716,293,504 and Hana Bank (Seoul), with $863,026,684. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 February 2026
How many financial advisors does Truston Asset Management have?
Truston Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 103 employees, and 43 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
What does Truston Asset Management invest in?
At the end of its last fiscal year, Truston Asset Management’s separately managed accounts held 97% exchange-traded equities, 2% cash and equivalents, 1% derivatives and 1% pooled vehicles (private funds and similar). 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 Truston Asset Management?
Truston Asset Management’s direct owner is Sung Taek Hwang (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 February 2026
How does Truston Asset Management get paid?
Truston Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file