{"url":"https://nivawealth.com/firms/truston-asset-management-161610","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/161610","regulatoryAum":13747224745,"crd":"161610","secFileNumber":"801-74536","legalName":"Truston Asset Management Co., LTD.","displayName":"Truston Asset Management","website":"http://www.trustonasset.com","founded":null,"organization":"corporation organized in Korea, South","fiscalYearEnd":"December","headquarters":{"street":"10, Ttukseom-Ro 1-Gil, Seongdong-Gu","city":"Seoul","state":"","stateName":"","country":"Korea, South","postalCode":"04779"},"tradeNames":[],"registration":{"secApproved":"30 March 2012","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":103,"advisory":43,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":13684987911,"discretionaryAccounts":193,"nonDiscretionary":62236834,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":100,"nonAumClients":0},"clientTypes":[{"label":"Banking or thrift institutions","clients":null,"regulatoryAum":9370615},{"label":"Pooled investment vehicles","clients":185,"regulatoryAum":6415923973},{"label":"Pension and profit-sharing plans","clients":null,"regulatoryAum":140465031},{"label":"State or municipal government entities","clients":null,"regulatoryAum":7116815467},{"label":"Other investment advisers","clients":null,"regulatoryAum":2757895},{"label":"Insurance companies","clients":null,"regulatoryAum":61891764}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Woori Bank","shortName":"Woori Bank","location":"Seoul","smaAssets":6716293504},{"name":"Hana Bank","shortName":"Hana Bank","location":"Seoul","smaAssets":863026684}],"custodyNote":"Truston Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Sung Taek Hwang","title":"President and Co- CEO","crd":"6029556"},{"name":"Young Ho Kim","title":"Vice President and Co- CEO","crd":"6029558"},{"name":"In Soo Yoo","title":"Chief Compliance Officer","crd":"7244362"}],"ownership":[{"label":"Sung Taek Hwang","detail":"President and co- ceo in the 50% to 75% ownership band and a control person, since April 2001."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"82263080500","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":97},{"label":"Derivatives","percent":1},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"3 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/161610/PDF/161610.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Truston Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Truston Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Truston Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Truston Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Truston Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Truston Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Truston Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"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 Wealth 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."}