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Updated September 28, 2026. Quick answer: Carret Asset Management is registered with the SEC as an investment adviser (CRD #131445, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run up to $6,250 a year (the published maximum, which the firm says is negotiable) under its published fee schedule. Already a client and thinking about leaving? Budget $50 if Schwab custodies your account. This review covers what its own fee brochure and current SEC registration confirm today; it does not assess fiduciary status or account minimums.
Carret Asset Management at a glance
| Fact | What Carret Asset Management’s own pages say |
|---|---|
| Legal entity | Carret Asset Management, LLC |
| Registration | Carret Asset Management, LLC is registered with the SEC as an investment adviser (CRD #131445, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | Up to $6,250 a year (the published maximum, which the firm says is negotiable), per its own current brochure |
| Minimum to open an account | Not assessed in this review; see Item 5 of its Form ADV Part 2A |
| Cost to leave (exit fee) | $50 if Schwab custodies your account |
What Carret Asset Management’s own fee schedule charges
IAPD lists the firm as Carret Asset Management, LLC. The priced ceiling is the firm’s advisory fee for individual clients; the brochure states it does not require a minimum amount to open an account.
“Registrant’s fee is negotiable and will not exceed 1.25% under any circumstances.”
The brochure states that the annual advisory fee will not exceed 1.25% under any circumstances, so each balance is priced at that stated maximum. No minimum annual dollar fee is disclosed, so no floor applies.
The table below is the firm’s own advisory fee schedule. Fund expenses, custodian charges and any third-party manager or platform fees are generally separate from an advisory fee like this one; Item 5 of the brochure lists what applies to a given account.
| Account balance | Annual fee |
|---|---|
| $250,000 | $3,125 |
| $500,000 | $6,250 |
| $1,000,000 | $12,500 |
| $2,000,000 | $25,000 |
These figures come directly from Carret Asset Management’s own current fee brochure, cited in Sources below.
Registration
Carret Asset Management, LLC is registered with the SEC as an investment adviser (CRD #131445, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity).
What it costs to leave
Carret Asset Management, LLC’s Form ADV Part 2A states “Upon termination, if billed in advance, Registrant shall refund the pro-rated portion of the advanced advisory fee paid based upon the number of days remaining in the billing quarter.” Carret Asset Management, LLC names two possible custodians in its brochure, with no single default. Charles Schwab & Co., Inc.’s own published fee schedule states “Full transfer (out) of assets” Fidelity Brokerage Services LLC / National Financial Services LLC discloses no comparable line item (an honest gap).
The general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Form ADV Part 2A (March 31, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038798
- SEC IAPD firm summary (CRD #131445, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/131445
Methodology. This page was built September 28, 2026, drawing directly on Carret Asset Management’s own current fee brochure, cited in Sources below, and a fresh SEC IAPD registration check run the same day. Where exit-fee facts are cited, they trace to the named custodian’s own published schedule. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Carret Asset Management’s own Form ADV Part 2A and Form CRS. We have not used Carret Asset Management as a client. Carret Asset Management did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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