DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Bts Asset Management, Inc.
Legal name Bts Asset Management Inc
Latest filing Mar 31, 2026
First filing on the tape Mar 28, 2012 · 35 filings
SEC status approved since Oct 25, 1979
RAUM
$145M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
56%
$81.5M individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$13.2M
derived; firm RAUM over IAPD count
Employees
13
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$145M as of Mar 31, 2026
Mar 28, 2012$1.5B then
HNW client RAUM$35.8M as of Mar 31, 2026
Mar 29, 2018$59.6M then
State-registered IARs (5.B.3)5 as of Mar 31, 2026
Mar 27, 201315 then
Employees (5.A)13 as of Mar 31, 2026
Mar 27, 201344 then
Private funds1 as of Mar 27, 2013
Mar 28, 20121 then
RAUM -23% over the last fiscal year-27% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $13.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 40derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $17.9MderivedHNW RAUM over HNW clients
- Average account
- $323,152derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 11.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -25%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, otherreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$60.1M41%
- Individuals$45.7M32%
- High-net-worth individuals$35.8M25%
- Pension and profit-sharing plans$3.2M2.2%
- Individual clients
- 441reported
- HNW clients
- 2reported
- Pension plan clients
- 2reported
- Charitable clients
- 0reported
- Accounts
- 448reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.56 fund_share=0.41 institutional_share=0.02 related_bd=true related_bank=false bd_reps=7.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Vilis Pasts | Lexington, Ma | Apr 12, 1994 | 46 y | 0 |
| Matthew Alexander Pasts | Lexington, Ma | Apr 14, 1994 | 37 y | 0 |
| William Howard Fassbender | The Villages, Fl | Mar 4, 2002 | 42 y | 1 |
| Isaac Charles Braley | Lincoln, Ma | Jan 12, 2007 | 27 y | 0 |
| George William Platt | Lincoln, Ma | Jan 17, 2008 | 20 y | 0 |
| Robert Lawrence Lincoln | Chapel Hill, Nc | Dec 4, 2013 | 22 y | 0 |
| Mark Byron Bentley | Lincoln, Ma | Feb 24, 2014 | 32 y | 2 |
| Corey Lampman | Lincoln, Ma | Mar 7, 2025 | 12 y | 0 |
| Henry Michael Pasts | Lincoln, Ma | Apr 16, 2026 | 13 y | 0 |
| Brian C Sylvia | Lincoln, Ma | Apr 23, 2026 | 13 y | 0 |
| Brendan Scarafone | Lincoln, Ma | Apr 23, 2026 | 11 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Gary Shilman to PotomacAug 2, 2023 · Other
- Edward Clymer Barnard to Brookstone Asset Management, LLCDec 31, 2022 · Other
- David Patrick Clark to Guardian Wealth Advisors, LLCJan 22, 2021 · RIA to RIA
- Gary Earl Conley to Conley Capital GroupNov 3, 2017 · Other
- Jillianne Wilkinson to Stonex Advisors Inc.Oct 26, 2017 · Other
- David Luke Barlow to Ferris Capital, LLCJan 14, 2016 · Other
- Charles Buddy Bowers to Retirementadvice | JkaMay 5, 2015 · Other
- Michael Harrison Baker to Alphastar Capital ManagementDec 31, 2013 · Other
- Ross Evan Marynell to Alphastar Capital ManagementDec 31, 2013 · Other
- Alissa Lauren Burwick to Charles Schwab & Co., Inc.May 3, 2013 · Other
- Carl Edwards to High Street Asset Management, LLCMar 14, 2013 · Other
- Robert Alan Nutter to Vestech Securities, Inc.Dec 31, 2010 · Other
- Kent Edward Amos to Kovack Advisors, Inc.Sep 8, 2008 · Other
- Scott Michael Schreiber to Raymond James Financial Services Advisors, IncDec 31, 2007 · Other
- John Otto Schreiber to Schreiber Investment Advisory ServicesDec 31, 2007 · Other
Joined, latest
- Jillianne Wilkinson from Synergy Investment Group, LLCJul 6, 2017 · Other
- Mark Byron Bentley from Old Mutual CapitalFeb 24, 2014 · Other
- Edward Clymer Barnard from Family Legacy Wealth Management, LLCApr 5, 2012 · Other
- Michael Harrison Baker from Family Legacy Wealth Management, LLCApr 5, 2012 · Other
- Charles Buddy Bowers from Family Legacy Wealth Management, LLCApr 5, 2012 · Other
- Ross Evan Marynell from Family Legacy Wealth Management, LLCApr 5, 2012 · Other
- Carl Edwards from Family Legacy Wealth Management, LLCMar 27, 2012 · Other
- David Patrick Clark from Amundi Pioneer Institutional Asset Management, Inc.Sep 12, 2011 · Other
- Dwight Glenn O'Hara from Sentra Securities CorporationMar 5, 2002 · Other
- William Howard Fassbender from Advantage Capital CorporationMar 4, 2002 · Other
- Michael Jay Schloss from Main Street Management CompanyJul 21, 2000 · Other
- John Paul Bernier from Locust Street Securities, Inc.Apr 5, 2000 · Other
- Christopher Douglas Gleason from Main Street Management CompanyMay 20, 1999 · Other
- Scott Michael Schreiber from Schreiber Investment Advisory ServicesMay 10, 1999 · Other
- Issam Mahmoud Bakir from Sentra Securities CorporationNov 14, 1997 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Bts Tactical Fixed Income Fund LLCno longer reported | Hedge Fund | $5.1M | 3 | Mar 28, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Charles Isaac Braley · President, Directorcontrolsince 01/2008 · owns less than 5%
- Alexander Matthew Pasts · Ceo, Cco,Treasurer, Directorcontrolsince 01/1996 · owns 25% to 50%
- Vilis Pasts · Chariman Of Boardcontrolsince 09/1979 · owns 50% to 75%
Related persons
Schedule D 7.A
- Bts Securities Corporationbroker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lincoln, Ma · principal | 7 | 3 | 0 | ||
| Lexington, Ma | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 590 to 448Nov 25, 2025 to Mar 31, 2026
- Individual clients · 590 to 441Nov 25, 2025 to Mar 31, 2026
- Pension plan clients · 4 to 2Nov 25, 2025 to Mar 31, 2026
- Employees · 17 to 13Nov 25, 2025 to Mar 31, 2026
- Discretionary RAUM · $189M to $145MNov 25, 2025 to Mar 31, 2026
- HNW RAUM · $31.0M to $35.8MNov 25, 2025 to Mar 31, 2026
- Individual RAUM · $87.2M to $45.7MNov 25, 2025 to Mar 31, 2026
- Pension RAUM · $1.5M to $3.2MNov 25, 2025 to Mar 31, 2026
- RAUM · $189M to $145MNov 25, 2025 to Mar 31, 2026
- Financial planning clients · 0 to 0Jun 30, 2025 to Nov 25, 2025
- Accounts · 834 to 590Aug 29, 2024 to Mar 31, 2025
- BD registered reps · 9 to 7Aug 29, 2024 to Mar 31, 2025
- Corporate clients · 2 to 0Aug 29, 2024 to Mar 31, 2025
- HNW clients · 13 to 2Aug 29, 2024 to Mar 31, 2025
- Individual clients · 812 to 590Aug 29, 2024 to Mar 31, 2025
- Employees · 19 to 17Aug 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $209M to $189MAug 29, 2024 to Mar 31, 2025
- HNW RAUM · $37.3M to $31.0MAug 29, 2024 to Mar 31, 2025
- Individual RAUM · $78.3M to $87.2MAug 29, 2024 to Mar 31, 2025
- Pension RAUM · $653,564 to $1.5MAug 29, 2024 to Mar 31, 2025
- RAUM · $209M to $189MAug 29, 2024 to Mar 31, 2025
- Accounts · 1,700 to 834Sep 21, 2023 to Mar 28, 2024
- Corporate clients · 6 to 2Sep 21, 2023 to Mar 28, 2024
- HNW clients · 15 to 13Sep 21, 2023 to Mar 28, 2024
- Individual clients · 1,648 to 812Sep 21, 2023 to Mar 28, 2024
- Pension plan clients · 28 to 4Sep 21, 2023 to Mar 28, 2024
- Employees · 21 to 19Sep 21, 2023 to Mar 28, 2024
- State-registered IARs · 6 to 5Sep 21, 2023 to Mar 28, 2024
- Discretionary RAUM · $377M to $209MSep 21, 2023 to Mar 28, 2024
- HNW RAUM · $38.0M to $37.3MSep 21, 2023 to Mar 28, 2024
- Individual RAUM · $183M to $78.3MSep 21, 2023 to Mar 28, 2024
- Pension RAUM · $7.0M to $653,564Sep 21, 2023 to Mar 28, 2024
- RAUM · $377M to $209MSep 21, 2023 to Mar 28, 2024
- Accounts · 2,215 to 1,700Nov 14, 2022 to Mar 31, 2023
- BD registered reps · 10 to 9Nov 14, 2022 to Mar 31, 2023
- Corporate clients · 4 to 6Nov 14, 2022 to Mar 31, 2023
- HNW clients · 9 to 15Nov 14, 2022 to Mar 31, 2023
- Individual clients · 2,196 to 1,648Nov 14, 2022 to Mar 31, 2023
- Pension plan clients · unset to 28.0Nov 14, 2022 to Mar 31, 2023
- Employees · 29 to 21Nov 14, 2022 to Mar 31, 2023
Signals
7 dated events
- Bts Asset Management, Inc. reported RAUM $208.5M, down 45% from $377.4M (2023-09-21 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Gary Shilman left Bts Asset Management, Inc. for Potomac (registered 2023-08-23)Aug 2, 2023 · Advisor changed firm · fact
- Bts Asset Management, Inc. reported RAUM $377.4M, down 38% from $613.3M (2022-11-14 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Toni Marie Vaughan no longer registered at Bts Asset Management, Inc.; no later IA registration on IAPDDec 31, 2022 · Advisor departure · fact
- Edward Clymer Barnard left Bts Asset Management, Inc. for Brookstone Asset Management, Llc (registered 2014-09-05)Dec 31, 2022 · Advisor changed firm · fact
- Bts Asset Management, Inc. reported RAUM $985.5M, down 25% from $1.3B (2019-03-29 to 2020-03-31)Mar 31, 2020 · RAUM change · derived
- Bts Asset Management, Inc. reported RAUM $1.3B, down 26% from $1.8B (2018-08-02 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 781-860-9051reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 781-863-2545reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 800-343-3040reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/BTS-ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
- Website
- BTSFUNDS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 781-863-2545reportedpublic record, Form ADV, Mar 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $13.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026