BERKSHIRE ASSET MANAGEMENT, LLC

Advisory Business

Type of Organization	Limited Liability Company
Fiscal Year End	DECEMBER
Legal Location	Pennsylvania, United States

Employees

Total Number of Employees	10
Investment Advisory/Research	6
Registered Broker-Dealer Representatives	1
Registered State Investment Advisers	5
Licensed Agents of an Insurance Company	0
No. of Firms/People that Solicit Clients	0

RAUM

Provides Management of Securities Portfolios	Yes

Type	Accounts	RAUM
Discretionary	2,314	$2.2B
Non-Discretionary	19	$86.6M
Total	2,333	$2.3B

Clients

Type	Number	RAUM
Individuals	23	$2.3M
HNW Individuals	2,192	$2.0B
Banking or thrift institutions	0	$0
Investment companies	1	$1.3M
Business development companies	0	$0
Pooled investment vehicles	2	$27.1M
Pension and profit sharing plans	30	$55.7M
Charitable organizations	57	$133.3M
State or municipal gov entities	0	$0
Other investment advisers	0	$0
Insurance companies	<5	$19.2M
Sovereign wealth funds and foreign official institutions	0	$0
Corporations or other businesses	26	$65.0M
Other	0	$0

Type	Number
No. of Non-RAUM Clients	6
No. of Non-U.S. Clients	0

Services

Advisory Services	Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)
Compensation	% of AUMFixed feesPerformance-based fees

Wrap Fee Program

Offers Wrap Fee Program	Yes

Acting As	RAUM
Sponsor	0
Portfolio Manager	703.1M
Both for Same	0

Portfolio Manager to Program	Sponsor
INVESTMENT MANAGEMENT SERVICES	MORGAN STANLEY
ADVISER'S	JANNEY MONTGOMERY SCOTT LLC
PRIVATE ADVISOR NETWORK PROGRAM	WELLS FARGO CLEARING SERVICES, LLC
OUTSIDE MONEY MANAGER ASSET MANAGEMENT SERVICES	RAYMOND JAMES & ASSOCIATES, INC.
ENVESTNET	ENVESTNET.COM INC.
MANAGED ACCOUNT PROGRAM	RBC CAPITAL MARKETS, LLC
DUAL CONTRACT REFERRED MANAGERS PROGRAM	ROBERT W. BAIRD & CO. INCORPORATED
CLASSIC PROGRAM	JANNEY MONTGOMERY SCOTT LLC
MASTERS AND DMA	WELLS FARGO CLEARING SERVICES, LLC
MERRILL STRATEGIC PORTFOLIO ADVISOR	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
DUAL CONTRACT	KPP ADVISORY SERVICES LLC
COUNSEL	TRIAD ADVISORS, LLC
DUAL CONTRACT	PKS ADVISORY SERVICES, LLC
THE DIVIDEND BALANCED STRATEGY	HIGHTOWER ADVISORS, LLC
DIVIDEND STRATEGY MODEL	BNY MELLON ADVISORS, INC.
SMARTX PLATFORM	HEDGECO SECURITIES, LLC
HORIZON PROGRAM	STIFEL, NICOLAUS & COMPANY, INCORPORATED
FIRST REPUBLIC SECURITIES - SMA PROGRAM	FIRST REPUBLIC SECURITIES COMPANY, LLC
SENTRY	TRUIST INVESTMENT SERVICES, INC.
CAAP	CAMBRIDGE INVESTMENT RESEARCH, INC.
DIRECT CONTRACT - TD AMERITRADE	WAYFINDING FINANCIAL, LLC
MANAGER SELECT	LPL FINANCIAL LLC
DIRECT ARRANGEMENT - SEI PLATFORM	SAGE, RUTTY & CO., INC.
DIRECT CONTRACT - TD AMERITRADE	CLEARVIEW WEALTH ADVISORS, LLC
DIRECT CONTRACT - TD AMERITRADE	MARC C HELFRICH REGISTERED INVESTMENT ADVISOR
TDAMERITRADE UMA AUM	TD AMERITRADE, INC.
FIDELITY MANAGER MARKETPLACE	FIDELITY INSTITUTIONAL WEALTH ADVISER LLC
DUAL CONTRACT	MG FINANCIAL LLC
ORION GLOBAL OPS	CAMBRIDGE INVESTMENT RESEARCH, INC.
ENVESTNET	ROCKEFELLER CAPITAL MANAGEMENT
UMA	MUTUAL ADVISORS, LLC

Identifiers

SEC RIA File Number	801-68485
SEC ERA File Number	801-68485
SEC CIK Numbers	949012
SEC CRD Numbers	145463
Legal Entity Identifier	None

Principal Office

46 PUBLIC SQUARE
SUITE 700
WILKES-BARRE
PA
United States

Websites

Chief Compliance Officer

No. Employees, Historic

RAUM, Historic

No. Clients, Historic