Saluda Grade Asset Management LLC

Registered investment adviser · New York, NY · CRD #304725

Form ADV data as of 2026-09-01

Regulatory assets

$5.83 billion

Total accounts

Employees

Disclosure events

Firm details

This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$5.40 billion
Non-discretionary regulatory assets under management	$431.6 million
Total regulatory assets under management	$5.83 billion
Discretionary accounts	15
Non-discretionary accounts	2
Total accounts	17
Regulatory assets under management attributable to non-U.S. persons	$830.6 million

Total employees (excluding clerical)	51
Employees performing investment advisory functions (including research)	19
Employees who are registered representatives of a broker-dealer	0
Employees registered as investment adviser representatives with a state	0
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	0

Has custody of client cash or bank accounts	No
Has custody of client securities	No
Client funds and securities held in the firm's custody	$0
Clients for whom the firm has custody	0
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$4.63 billion
Clients for whom a related person has custody	15
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	12

A percentage of assets under managementPerformance-based feesOther

Portfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients

Commodity pool operator or commodity trading advisor

Other investment adviser (including financial planners)Sponsor, general partner, or managing member of pooled investment vehicles

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities for which it serves as underwriter or general partner
Receives soft dollar benefits

Type of client	Clients	Assets
Banking or thrift institutions	Not reported	$294.1 million
Pooled investment vehicles (other than investment companies and BDCs)	15	$4.70 billion
Insurance companies	Not reported	$836.3 million