Broker-dealer firm · Parsippany, NJ
Hennion & Walsh Asset Management, Inc.
SEC-registered investment adviser · CRD 126236 · SEC 801-61977
At a glance
Hennion & Walsh Asset Management, Inc. is an SEC-registered investment adviser based in Parsippany, New Jersey, with $769 million in regulatory assets under management as of its Form ADV filed August 31, 2026. Its largest client group by assets is individuals, and it reports 1,087 individual clients. By Form ADV it is a broker-dealer firm, ranked 181st of 391 broker-dealer firms and 6,236th of 17,210 SEC-registered advisers by assets.
Main office 973-299-8989hennionandwalsh.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $769M
- Rank among broker-dealer firms
- #181 of 391
- Rank among all SEC RIAs
- #6,236 of 17,210
- Rank in New Jersey
- #128 of 392
- Individual clients
- 1,087
- High-net-worth clients
- 147
- Accounts
- 1,821
- Discretionary
- 96% of AUM
- Employees
- 75
- Advisory staff
- 11
- Offices
- 2
Owners and executives on its Form ADV
- Richard HennionOwner
- William W. WalshOwner
- Kevin D. MahnPresident
- Phillip FitzsimmonsChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Hennion & Walsh Asset Management, Inc. is a hybrid RIA: 55 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Hennion & Walsh, Inc..
- Hennion & Walsh, Inc. ↗CRD 25766
Its Form ADV brochure (filed March 2026) names Hennion & Walsh as the broker-dealer its advisers are registered with.
Item 5.E, certain of Registrant’s representatives are also registered representatives of Hennion & Walsh, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 940 | $389M | 51% |
| High-net-worth individuals | 147 | $334M | 44% |
| Charitable organizations | 6 | $32M | 4% |
| Pension and profit sharing plans | – | $10M | 1% |
| Corporations or other businesses | 6 | $3M | <1% |
Disciplinary disclosures
Hennion & Walsh Asset Management, Inc. 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
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗hennionandwalsh.com ↗
AtlasMembers
The full record on Hennion & Walsh Asset Management, Inc.
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 146 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Hennion & Walsh Asset Management, Inc. manage?
Hennion & Walsh Asset Management, Inc. reports $769 million in regulatory assets under management across 1,821 accounts, 96% of it on a discretionary basis, on its Form ADV filed August 31, 2026.
What kind of firm is Hennion & Walsh Asset Management, Inc.?
Hennion & Walsh Asset Management, Inc. is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Hennion & Walsh Asset Management, Inc.’s clients?
By assets, its largest client types are individuals ($389 million, 940 clients); high-net-worth individuals ($334 million, 147 clients); charitable organizations ($32 million, 6 clients).
Does Hennion & Walsh Asset Management, Inc. have any disciplinary history?
Hennion & Walsh Asset Management, Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Hennion & Walsh Asset Management, Inc.’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 (2026-08-31), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →