Wealth manager, independent · Wilkes-Barre, PA
Berkshire Asset Management, LLC
SEC-registered investment adviser · CRD 145463 · SEC 801-68485
At a glance
Berkshire Asset Management, LLC is an SEC-registered investment adviser based in Wilkes-Barre, Pennsylvania, with $2.8 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 2,322 individual clients. By Form ADV it is a wealth manager, ranked 571st of 8,915 wealth managers and 2,965th of 17,210 SEC-registered advisers by assets.
Main office 570-825-2600berkshireasset.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.8B
- Rank among wealth managers
- #571 of 8,915
- Rank among all SEC RIAs
- #2,965 of 17,210
- Rank in Pennsylvania
- #110 of 564
- Individual clients
- 2,322
- High-net-worth clients
- 2,318
- Accounts
- 2,486
- Discretionary
- 96% of AUM
- Employees
- 11
- Advisory staff
- 6
- Offices
- 1
Owners and executives on its Form ADV
- Kenneth J. KrogulskiPresident, CEO, CIO and Managing Member
- Gerard MihalickVice President and Member
- Gregory C. WeaverVice President and Member
- Michael D. WeaverVice President and Member
- Charles D. MartinChief Compliance Officer
- Jason J ReillyVice President and Class C Member
Custody and brokerage
Broker-dealer
Hybrid RIA
Berkshire Asset Management, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: IM Global US Distributors LLC.
- IM Global US Distributors LLC ↗CRD 299892
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed March 2026) names IM Global US Distributors as the broker-dealer its advisers are registered with.
However, certain employees of Berkshire are registered representatives of IM Global US Distributors LLC, a FINRA registered broker dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 2,318 | $2.4B | 85% |
| Charitable organizations | 64 | $206M | 7% |
| Corporations or other businesses | 26 | $92M | 3% |
| Pension and profit sharing plans | 63 | $70M | 3% |
| Pooled investment vehicles | 2 | $28M | 1% |
| Insurance companies | 1 | $21M | <1% |
| Investment companies | 1 | $9M | <1% |
| Individuals | 4 | $1M | <1% |
Private funds
Berkshire Asset Management, LLC reports 2 private funds with $28M in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Berkshire Asset Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗berkshireasset.com ↗
AtlasMembers
The full record on Berkshire Asset Management, LLC
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
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- Growth over one, three and five years
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- Rank against 1,444 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Berkshire Asset Management, LLC manage?
Berkshire Asset Management, LLC reports $2.8 billion in regulatory assets under management across 2,486 accounts, 96% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Berkshire Asset Management, LLC?
Berkshire Asset Management, LLC is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Berkshire Asset Management, LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($2.4 billion, 2,318 clients); charitable organizations ($206 million, 64 clients); corporations or other businesses ($92 million, 26 clients).
Does Berkshire Asset Management, LLC manage private funds?
Yes. It reports 2 private funds with $28 million in gross assets, including hedge funds, other private funds.
Does Berkshire Asset Management, LLC have any disciplinary history?
Berkshire Asset Management, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Berkshire Asset Management, LLC’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 (2026-03-30), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →