Wealth manager, independent · Philadelphia, PA
Elm Wealth
Elm Partners Management LLC · SEC-registered investment adviser · CRD 167225 · SEC 801-78018
At a glance
Elm Wealth is an SEC-registered investment adviser based in Philadelphia, Pennsylvania, with $3.0B in regulatory assets under management as of its Form ADV filed September 3, 2026. It reports 644 individual clients, 537 of them high-net-worth, holding an average of about $3.3 million each, and 9 employees. That ranks it 355th among the nation’s 5,657 independent wealth management RIAs and 27th of 260 in Pennsylvania. It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Charles Schwab and J.P. Morgan.
Main office 888-676-3148elmwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.0B
- Rank among independent wealth managers
- #355 of 5,657
- Rank among all SEC RIAs
- #2,820 of 17,210
- Rank in Pennsylvania
- #27 of 260
- Individual clients
- 644
- High-net-worth clients
- 537
- Accounts
- 905
- Discretionary
- 100% of AUM
- Employees
- 9
- Advisory staff
- 7
- Offices
- 2
Owners and executives on its Form ADV
- Victor J. HaghaniChief Investment Officer
- James W. WhiteChief Executive Officer and Chief Compliance Officer
- Jerry A. BellChief Revenue Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Elm Wealth 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 | 537 | $2.0B | 67% |
| Investment companies | 1 | $502M | 17% |
| Pooled investment vehicles | 3 | $383M | 13% |
| Individuals | 107 | $72M | 2% |
| Charitable organizations | 3 | $28M | <1% |
| Corporations or other businesses | 4 | $4M | <1% |
Private funds
Elm Wealth reports 2 private funds with $356M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Elm Wealth answers yes to 2 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 investment companies
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗elmwealth.com ↗
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The full record on Elm Wealth
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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- Rank against 1,359 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- 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 Pennsylvania
All of Pennsylvania →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Roffman Miller Associates IncPhiladelphia | $3.2B | 1,598 |
| Girard Advisory Services, LLCKing of Prussia | $3.2B | 2,350 |
| Gibson Capital, LLCWexford | $3.0B | 222 |
| Vicus Capital, Inc.State College | $3.0B | 6,170 |
| Rockwood Wealth Management, LLCNew Hope | $2.9B | 918 |
| Key Financial, Inc.West Chester | $2.8B | 1,409 |
Background
Questions
How much does Elm Wealth manage?
Elm Wealth reports $3.0B in regulatory assets under management across 905 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 3, 2026.
How many clients does Elm Wealth have?
It reports 644 individual clients: 537 high-net-worth individuals and 107 other individuals. Individuals account for about 70% of its regulatory assets.
Where is Elm Wealth headquartered?
Its main office is in Philadelphia, Pennsylvania. It reports 2 offices in total and 9 employees, 7 of whom perform investment advisory functions.
How does Elm Wealth charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; 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 Elm Wealth use?
It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Charles Schwab and J.P. Morgan. On Schedule D of its Form ADV filed September 3, 2026, it reports these amounts held: Fidelity ($1.2B); Charles Schwab ($757M); J.P. Morgan ($223M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Elm Wealth a hybrid RIA with a broker-dealer?
Elm Wealth reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Elm Wealth a fiduciary?
As an SEC-registered investment adviser, Elm Wealth 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 Elm Wealth’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 (2026-09-03), 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 →