Wealth manager, independent · Pittsburgh, PA
Henry H. Armstrong Associates, Inc.
SEC-registered investment adviser · CRD 105510 · SEC 801-19548
At a glance
Henry H. Armstrong Associates, Inc. is an SEC-registered investment adviser based in Pittsburgh, Pennsylvania, with $1.2B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 141 individual clients, 113 of them high-net-worth, holding an average of about $8.6 million each, and 5 employees. That ranks it 894th among the nation’s 5,657 independent wealth management RIAs and 62nd of 260 in Pennsylvania. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 412-471-1551henryarmstrong.comAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #894 of 5,657
- Rank among all SEC RIAs
- #4,789 of 17,210
- Rank in Pennsylvania
- #62 of 260
- Individual clients
- 141
- High-net-worth clients
- 113
- Accounts
- 530
- Discretionary
- 100% of AUM
- Employees
- 5
- Advisory staff
- 3
- Offices
- 1
Owners and executives on its Form ADV
- James M. ArmstrongPresident
- Adam P SchollSenior Vice President
- Peter D EberhartManaging Director / Chief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Henry H. Armstrong Associates, Inc. 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 | 113 | $1.2B | 98% |
| Charitable organizations | – | $12M | <1% |
| Individuals | 28 | $11M | <1% |
Disciplinary disclosures
Henry H. Armstrong Associates, 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
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗henryarmstrong.com ↗
AtlasMembers
The full record on Henry H. Armstrong Associates, 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 2,967 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 |
|---|---|---|
| The Coury FirmPittsburgh | $1.3B | 206 |
| Baldwin Investment Management, LLCWest Conshohocken | $1.3B | 268 |
| O'hagan Group, Inc.Bethlehem | $1.2B | 900 |
| Prudent Management AssociatesPhiladelphia | $1.2B | 210 |
| Dinuzzo Private Wealth, Inc.Beaver | $1.2B | 779 |
| Blue Bell Private Wealth Management, LLCBlue Bell | $1.1B | 804 |
Background
Questions
How much does Henry H. Armstrong Associates, Inc. manage?
Henry H. Armstrong Associates, Inc. reports $1.2B in regulatory assets under management across 530 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does Henry H. Armstrong Associates, Inc. have?
It reports 141 individual clients: 113 high-net-worth individuals and 28 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Henry H. Armstrong Associates, Inc. headquartered?
Its main office is in Pittsburgh, Pennsylvania. It reports 1 office in total and 5 employees, 3 of whom perform investment advisory functions.
How does Henry H. Armstrong Associates, Inc. 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 Henry H. Armstrong Associates, Inc. use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed March 31, 2026, it reports these amounts held: Fidelity ($610M); Charles Schwab ($526M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Henry H. Armstrong Associates, Inc. a hybrid RIA with a broker-dealer?
Henry H. Armstrong Associates, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Henry H. Armstrong Associates, Inc. a fiduciary?
As an SEC-registered investment adviser, Henry H. Armstrong Associates, Inc. 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 Henry H. Armstrong Associates, 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 (2026-03-31), 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). 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 →