Wealth manager, independent · Memphis, TN
Delta Asset Management, LLC
SEC-registered investment adviser · CRD 113688 · SEC 801-60492
At a glance
Delta Asset Management, LLC is an SEC-registered investment adviser based in Memphis, Tennessee, with $1.5B in regulatory assets under management as of its Form ADV filed July 22, 2026. It reports 543 individual clients, 240 of them high-net-worth, holding an average of about $2.6 million each, and 10 employees. That ranks it 714th among the nation’s 5,657 independent wealth management RIAs and 12th of 102 in Tennessee. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 901-767-4791deltaasset.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #714 of 5,657
- Rank among all SEC RIAs
- #4,218 of 17,210
- Rank in Tennessee
- #12 of 102
- Individual clients
- 543
- High-net-worth clients
- 240
- Accounts
- 1,130
- Discretionary
- 100% of AUM
- Employees
- 10
- Advisory staff
- 6
- Offices
- 1
Owners and executives on its Form ADV
- Myron M. MallManaging Director
- David C. SmithManaging Director
- Daniel J. BergExecutive Director of Finance
- Dana C. MauryChief Compliance Officer
Custody and brokerage
Broker-dealer
Affiliated broker-dealer
It names an affiliated broker-dealer: Hightower Securities, LLC.
- Hightower Securities, LLC ↗CRD 116681
An introducing broker-dealer: its trades clear through National Financial Services (Fidelity), Pershing and J.P. Morgan, which hold the brokerage accounts. Its annual audited report filed with the SEC, February 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 240 | $1.3B | 85% |
| Individuals | 303 | $120M | 8% |
| Charitable organizations | 4 | $44M | 3% |
| Pension and profit sharing plans | 4 | $38M | 2% |
| State or municipal government entities | 2 | $13M | <1% |
| Corporations or other businesses | 3 | $9M | <1% |
Disciplinary disclosures
Delta Asset Management, LLC answers yes to 9 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 businesses and institutions
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗deltaasset.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- 4 namedLocked
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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 Tennessee
All of Tennessee →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Patriot Investment Management Group IncKnoxville | $1.9B | 1,518 |
| Patton Albertson Miller Group, LLCChattanooga | $1.7B | 611 |
| Steel Grove Capital Advisors, LLCMemphis | $1.6B | 867 |
| TBH Global Asset Management, LLCBrentwood | $1.5B | 1,002 |
| HHM Wealth Advisors, LLCChattanooga | $1.5B | 1,180 |
| Seven Springs Wealth GroupBrentwood | $1.4B | 384 |
Background
Questions
How much does Delta Asset Management, LLC manage?
Delta Asset Management, LLC reports $1.5B in regulatory assets under management across 1,130 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 22, 2026.
How many clients does Delta Asset Management, LLC have?
It reports 543 individual clients: 240 high-net-worth individuals and 303 other individuals. Individuals account for about 93% of its regulatory assets.
Where is Delta Asset Management, LLC headquartered?
Its main office is in Memphis, Tennessee. It reports 1 office in total and 10 employees, 6 of whom perform investment advisory functions.
How does Delta Asset Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Delta Asset Management, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed July 22, 2026, it reports these amounts held: Charles Schwab ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Delta Asset Management, LLC a hybrid RIA with a broker-dealer?
It names an affiliated broker-dealer: Hightower Securities, LLC. Hightower Securities, LLC clears through National Financial Services (Fidelity), Pershing and J.P. Morgan, according to its annual report filed with the SEC.
Is Delta Asset Management, LLC a fiduciary?
As an SEC-registered investment adviser, Delta Asset Management, LLC 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 Delta 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 (2026-07-22), 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 →