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EMPIRICAL ASSET MANAGEMENT, LLC
CRD 155436File 801-71967
APPROVED
Retail clients
Custody
Filing as of Jul 7, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$560.0M
Above cohort median (national)
Discretionary AUM
$539.7M
Non-discretionary $20.4M
Clients
474
1,399 accounts
Employees
14
Below cohort median in MA
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- BRO
- Registration date
- Nov 23, 2010
- Principal office
- 57 RIVER STREET, SUITE 301, WELLESLEY, MA, 02481
- Phone
- 781-431-2223
- Website
- HTTP://WWW.EMPIRICALAM.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $560.0M
- Discretionary AUM
- $539.7M
- Non-discretionary AUM
- $20.4M
- Discretionary accounts
- 1,296
- Non-discretionary accounts
- 103
- Total accounts
- 1,399
- AUM per client
- $1.2M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 10 | $22.4M |
| Charitable organizations | Fewer than 5 | $4.3M |
| High net worth individuals | 267 | $422.7M |
| Pooled investment vehicles | 1 | $445K |
| Pension and profit sharing plans | 6 | $35.3M |
| Individuals (other than high net worth individuals) | 190 | $74.8M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Clients | 434 | 474 | increased by40 |
| Apr 1, 2026 | AUM | $467,001,856 | $560,018,982 | increased by$93,017,126 |
| Apr 1, 2026 | Accounts | 988 | 1,399 | increased by411 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 7 | 14 | increased by7 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 193 | 434 | increased by241 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $204,985,630 | $467,001,856 | increased by$262,016,226 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 723 | 988 | increased by265 |
| Apr 1, 2022 | Employees | 4 | 7 | increased by3 |
| Apr 1, 2022 | Clients | 144 | 193 | increased by49 |
| Apr 1, 2022 | AUM | $107,503,168 | $204,985,630 | increased by$97,482,462 |
| Apr 1, 2022 | Accounts | 412 | 723 | increased by311 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “EMPIRICAL ASSET” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“EMPIRICAL ASSET” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.