The BERKSHIRE ASSET MANAGEMENT, LLC is a privately held investment adviser that advises $2.79Bn in regulatory assets under management held in 2 SEC fund types across 1 investment strategies. BERKSHIRE ASSET MANAGEMENT, LLC is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 59.28% over the last 5-years.
The Group has been registered with the SEC for 19.1 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 46 PUBLIC SQUARE SUITE 700, WILKES-BARRE, PENNSYLVANIA. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 11 employees comprised of 6 investment and 5 non-investment staff. The total number of Employees increased by 10% over the last 5-years.
Their $2.79Bn in assets advised are owned by 2 private funds, 1 public fund and BDCs and 154 other accounts. Assets of High Net Worth Individuals clients own $2.36Bn or 84.68% of Total Assets and Charitable Organizations own $206.38mn or 7.4% of Total Assets.
The Group's top investment strategies include Multi Strat, representing 100% of total assets, respectively.
They advise 8 types of clients, top clients are High Net Worth Individuals and Charitable Organizations.
The Group uses 0 Fund Administrators, 1 Fund Auditors, 1 Prime Brokers, 1 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 2 private funds with $28.28mn in assets.
The Group discloses fixed fees, management fees and performance-based fees.
BERKSHIRE ASSET MANAGEMENT, LLC names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.