Wealth manager, independent · Harrisonburg, VA
Graves Light Lenhart
Graves Light Lenhart Wealth, Inc. · SEC-registered investment adviser · CRD 298283 · SEC 801-113908
At a glance
Graves Light Lenhart is an SEC-registered investment adviser based in Harrisonburg, Virginia, with $1.2B in regulatory assets under management as of its Form ADV filed March 30, 2026. It reports 403 individual clients, 248 of them high-net-worth, holding an average of about $2.6 million each, and 11 employees. That ranks it 892nd among the nation’s 5,657 independent wealth management RIAs and 28th of 151 in Virginia. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 540-433-3076gllwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #892 of 5,657
- Rank among all SEC RIAs
- #4,782 of 17,210
- Rank in Virginia
- #28 of 151
- Individual clients
- 403
- High-net-worth clients
- 248
- Accounts
- 1,294
- Discretionary
- 95% of AUM
- Employees
- 11
- Advisory staff
- 8
- Offices
- 2
Owners and executives on its Form ADV
- Asa W. GravesPresident
- John D. LightVice President
- Jeffrey G. LenhartChief Compliance Officer,secretary and Treasurer
- Ashley P. HeatwoleDirector
- Nicholas A. PerrineDirector
Custody and brokerage
Broker-dealer
No broker-dealer ties
Graves Light Lenhart 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 | 248 | $978M | 79% |
| Charitable organizations | 16 | $119M | 10% |
| Individuals | 155 | $53M | 4% |
| Pension and profit sharing plans | 11 | $50M | 4% |
| Corporations or other businesses | 8 | $34M | 3% |
Disciplinary disclosures
Graves Light Lenhart reports no disciplinary disclosures in Item 11 of Form ADV. 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
- Pension consulting
- Periodicals or newsletters
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗gllwealth.com ↗
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The full record on Graves Light Lenhart
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, 8 years of filings
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- Growth over one, three and five years
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- Rank against 2,963 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 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 Virginia
All of Virginia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Steigerwald, Gordon & Koch - Wealth AdvisorsLeesburg | $1.3B | 693 |
| Canal Capital Management, LLCRichmond | $1.3B | 390 |
| Northwest Financial Advisors LLCHerndon | $1.2B | 1,908 |
| Verus Financial PartnersRichmond | $1.2B | 636 |
| Concord Wealth PartnersAbingdon | $1.1B | 1,232 |
| Yeske Buie Inc.Vienna | $1.1B | 466 |
Background
Questions
How much does Graves Light Lenhart manage?
Graves Light Lenhart reports $1.2B in regulatory assets under management across 1,294 accounts, 95% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
How many clients does Graves Light Lenhart have?
It reports 403 individual clients: 248 high-net-worth individuals and 155 other individuals. Individuals account for about 84% of its regulatory assets.
Where is Graves Light Lenhart headquartered?
Its main office is in Harrisonburg, Virginia. It reports 2 offices in total and 11 employees, 8 of whom perform investment advisory functions.
How does Graves Light Lenhart 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 Graves Light Lenhart use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 30, 2026, it reports these amounts held: Charles Schwab ($1.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Graves Light Lenhart a hybrid RIA with a broker-dealer?
Graves Light Lenhart reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Graves Light Lenhart a fiduciary?
As an SEC-registered investment adviser, Graves Light Lenhart 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 Graves Light Lenhart’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 (2026-03-30), 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 →