Wealth manager, independent · ANN Arbor, MI
Columbia Asset Management, L.L.C.
SEC-registered investment adviser · CRD 124174 · SEC 801-62115
At a glance
Columbia Asset Management, L.L.C. is an SEC-registered investment adviser based in ANN Arbor, Michigan, with $1.2B in regulatory assets under management as of its Form ADV filed March 12, 2026. It reports 411 individual clients, 210 of them high-net-worth, holding an average of about $2.5 million each, and 7 employees. That ranks it 913th among the nation’s 5,657 independent wealth management RIAs and 24th of 178 in Michigan. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 734-665-1455columbiaasset.comAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #913 of 5,657
- Rank among all SEC RIAs
- #4,852 of 17,210
- Rank in Michigan
- #24 of 178
- Individual clients
- 411
- High-net-worth clients
- 210
- Accounts
- 1,295
- Discretionary
- 92% of AUM
- Employees
- 7
- Advisory staff
- 6
- Offices
- 1
Owners and executives on its Form ADV
- Brian H. WeismanPresident
- Jessica R. HoardChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Columbia Asset Management, L.L.C. 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 | 210 | $955M | 80% |
| Charitable organizations | 20 | $180M | 15% |
| Individuals | 201 | $66M | 5% |
Disciplinary disclosures
Columbia Asset Management, L.L.C. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗columbiaasset.com ↗
AtlasMembers
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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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- 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.
Similar-size RIAs in Michigan
All of Michigan →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Spartan Wealth ManagementBingham Farms | $1.5B | 1,165 |
| Fiduciary Financial AdvisorsGrand Rapids | $1.3B | 2,164 |
| CWS Financial Advisors LLCKalamazoo | $1.3B | 802 |
| StraightlineTroy | $1.2B | 2,358 |
| Provident Investment Management, Inc.Novi | $1.1B | 318 |
| LVZ, Inc.Holland | $1.1B | 2,438 |
Background
Questions
How much does Columbia Asset Management, L.L.C. manage?
Columbia Asset Management, L.L.C. reports $1.2B in regulatory assets under management across 1,295 accounts, 92% of it on a discretionary basis, on its Form ADV filed March 12, 2026.
How many clients does Columbia Asset Management, L.L.C. have?
It reports 411 individual clients: 210 high-net-worth individuals and 201 other individuals. Individuals account for about 85% of its regulatory assets.
Where is Columbia Asset Management, L.L.C. headquartered?
Its main office is in ANN Arbor, Michigan. It reports 1 office in total and 7 employees, 6 of whom perform investment advisory functions.
How does Columbia Asset Management, L.L.C. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; 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 Columbia Asset Management, L.L.C. use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 12, 2026, it reports these amounts held: Charles Schwab ($929M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Columbia Asset Management, L.L.C. a hybrid RIA with a broker-dealer?
Columbia Asset Management, L.L.C. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Columbia Asset Management, L.L.C. a fiduciary?
As an SEC-registered investment adviser, Columbia Asset Management, L.L.C. 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 Columbia Asset Management, L.L.C.’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 (2026-03-12), 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 →