Wealth manager, independent · Falls Church, VA
Azzad Asset Management, Inc.
SEC-registered investment adviser · CRD 111291 · SEC 801-57871
At a glance
Azzad Asset Management, Inc. is an SEC-registered investment adviser based in Falls Church, Virginia, with $1.8B in regulatory assets under management as of its Form ADV filed January 30, 2026. It reports 1,494 individual clients, 498 of them high-net-worth, holding an average of about $0.8 million each, and 18 employees. That ranks it 605th among the nation’s 5,657 independent wealth management RIAs and 15th of 151 in Virginia. It reports 2 custodians for its clients’ separately managed accounts: Goldman Sachs and Charles Schwab.
Main office 703-207-7005azzadasset.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.8B
- Rank among independent wealth managers
- #605 of 5,657
- Rank among all SEC RIAs
- #3,822 of 17,210
- Rank in Virginia
- #15 of 151
- Individual clients
- 1,494
- High-net-worth clients
- 498
- Accounts
- 18,098
- Discretionary
- 99% of AUM
- Employees
- 18
- Advisory staff
- 12
- Offices
- 1
Owners and executives on its Form ADV
- Bashar M. QasemPresident, CEO and Shareholder
- Jamal M. ElbarmilVice President and Shareholder
- Manal FouzShareholder
- Lejeana L. LoveChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Azzad Asset Management, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 498 | $1.1B | 62% |
| Investment companies | 2 | $498M | 27% |
| Individuals | 996 | $104M | 6% |
| Charitable organizations | 44 | $82M | 4% |
| Corporations or other businesses | 1 | $10M | <1% |
| Other investment advisers | 2 | $8M | <1% |
Disciplinary disclosures
Azzad Asset Management, Inc. answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗azzadasset.com ↗
AtlasMembers
The full record on Azzad Asset Management, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,144 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Virginia
All of Virginia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Glassman Wealth Services, LLCVienna | $2.6B | 359 |
| Financial Security Advisory IncVirginia Beach | $1.9B | 3,099 |
| Kanawha Capital Management, LLCRichmond | $1.8B | 560 |
| The Hoerner Planning Group, LLCMiddleburg | $1.7B | 365 |
| Godsey & Gibb Wealth ManagementRichmond | $1.6B | 747 |
| Heartwood Wealth Advisors, LLCRichmond | $1.5B | 566 |
Background
Questions
How much does Azzad Asset Management, Inc. manage?
Azzad Asset Management, Inc. reports $1.8B in regulatory assets under management across 18,098 accounts, 99% of it on a discretionary basis, on its Form ADV filed January 30, 2026.
How many clients does Azzad Asset Management, Inc. have?
It reports 1,494 individual clients: 498 high-net-worth individuals and 996 other individuals. Individuals account for about 67% of its regulatory assets.
Where is Azzad Asset Management, Inc. headquartered?
Its main office is in Falls Church, Virginia. It reports 1 office in total and 18 employees, 12 of whom perform investment advisory functions.
How does Azzad Asset Management, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Azzad Asset Management, Inc. use?
It reports 2 custodians for its clients’ separately managed accounts: Goldman Sachs and Charles Schwab. On Schedule D of its Form ADV filed January 30, 2026, it reports these amounts held: Goldman Sachs ($1.0B); Charles Schwab ($183M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Azzad Asset Management, Inc. a hybrid RIA with a broker-dealer?
Azzad Asset Management, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Azzad Asset Management, Inc. a fiduciary?
As an SEC-registered investment adviser, Azzad Asset Management, Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Azzad Asset Management, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-01-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →