Kruse Asset Management, Llc
- Regulatory AUM
- $146M
- Discretionary
- $121M
- Clients
- 189
- Avg AUM / client
- $774K
- Accounts
- 519
- Employees
- 2
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 26, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 152 | $38.4M | 26.3% |
| High net worth individuals | 35 | $105M | 71.7% |
| Banking or thrift institutions | Fewer than 5 clients | — | — |
| Investment companies | 2 | $3.0M | 2.05% |
| Pension and profit sharing plans | Fewer than 5 clients | — | — |
| Charitable organizations | Fewer than 5 clients | — | — |
| State or municipal government entities | Fewer than 5 clients | — | — |
| Other investment advisers | Fewer than 5 clients | — | — |
| Insurance companies | Fewer than 5 clients | — | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | — | — |
| Corporations and other businesses | Fewer than 5 clients | — | — |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $2.9M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Kam Halo Spv, Llp | Private Equity Fund | Illinois | $1.7M | 31 |
| Kam Growth Spv I, Llp | Venture Capital Fund | Illinois | $1.2M | 18 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Joseph Stuart Kruse | President | CFA | Jan 2007 (20y) | 50% – 75% |
| Kruse, Shermin | Cco | Jan 2007 (20y) | 50% – 75% | |
| John Michael Brick | Registered representative | CFA | Feb 2021 (5y) | |
| Al F Devji | Registered representative | Nov 2025 (1y) |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $2.9M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Kam Halo Spv, Llp | Private Equity Fund | $1.7M | $2.5K | 31 |
| Kam Growth Spv I, Llp | Venture Capital Fund | $1.2M | $10.0K | 18 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.39 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
- • Commissions
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Publication of periodicals or newsletters
- • Market timing services
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $10.0M (7% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗