Wealth manager, independent · Bethesda, MD
Heritage Investors Management Corp
SEC-registered investment adviser · CRD 110420 · SEC 801-10612
At a glance
Heritage Investors Management Corp is an SEC-registered investment adviser based in Bethesda, Maryland, with $4.6B in regulatory assets under management as of its Form ADV filed August 27, 2026. It reports 682 individual clients, 585 of them high-net-worth, holding an average of about $5.9 million each, and 22 employees. That ranks it 246th among the nation’s 5,657 independent wealth management RIAs and 7th of 104 in Maryland. It reports 7501 Wisconsin Avenue, Suite 1500w as the custodian for its clients’ separately managed accounts.
Main office 301-951-0440heritageinvestors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.6B
- Rank among independent wealth managers
- #246 of 5,657
- Rank among all SEC RIAs
- #2,207 of 17,210
- Rank in Maryland
- #7 of 104
- Individual clients
- 682
- High-net-worth clients
- 585
- Accounts
- 1,465
- Discretionary
- 100% of AUM
- Employees
- 22
- Advisory staff
- 8
- Offices
- 1
Owners and executives on its Form ADV
- Michael S. CornfeldPresident
- Derek R. StoneSenior Vice President
- Kenneth J. LongExecutive Vice President
- Andrew M. SchenkerChief Investment Officer
- Janet L. CornfeldTrustee of Cornfeld Family 2012 Trust
- Michael S. CornfeldTrustee of Sarah Cornfeld 2012 Trust, Jennifer Schenker 2012 Trust, Melissa Lynn Cornfeld 2012 Trust
- Beth M. RosenChief Operating Officer
- Craig L LukinChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Heritage Investors Management Corp 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 | 585 | $4.0B | 85% |
| Charitable organizations | 33 | $316M | 7% |
| Corporations or other businesses | 34 | $184M | 4% |
| Pension and profit sharing plans | 13 | $113M | 2% |
| Individuals | 97 | $63M | 1% |
Disciplinary disclosures
Heritage Investors Management Corp 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
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗heritageinvestors.com ↗
AtlasMembers
The full record on Heritage Investors Management Corp
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 872 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Maryland
All of Maryland →| Firm | Regulatory AUM | Clients |
|---|---|---|
| T. Rowe Price Advisory Services, Inc.Owings Mills | $5.9B | 13,517 |
| Pennington Partners & Co., LLCBethesda | $5.1B | 102 |
| Prosperity - AN Eisneramper CompanyOwings Mills | $5.0B | 2,369 |
| Verdence Capital Advisors, LLCHunt Valley | $4.6B | 1,798 |
| Baltimore-Washington Financial AdvisorsColumbia | $3.0B | 5,272 |
| FBB Capital PartnersBethesda | $2.4B | 1,004 |
Background
Questions
How much does Heritage Investors Management Corp manage?
Heritage Investors Management Corp reports $4.6B in regulatory assets under management across 1,465 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 27, 2026.
How many clients does Heritage Investors Management Corp have?
It reports 682 individual clients: 585 high-net-worth individuals and 97 other individuals. Individuals account for about 87% of its regulatory assets.
Where is Heritage Investors Management Corp headquartered?
Its main office is in Bethesda, Maryland. It reports 1 office in total and 22 employees, 8 of whom perform investment advisory functions.
How does Heritage Investors Management Corp charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; 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 Heritage Investors Management Corp use?
It reports 7501 Wisconsin Avenue, Suite 1500w as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed August 27, 2026, it reports these amounts held: 7501 Wisconsin Avenue, Suite 1500w ($4.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Heritage Investors Management Corp a hybrid RIA with a broker-dealer?
Heritage Investors Management Corp reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Heritage Investors Management Corp a fiduciary?
As an SEC-registered investment adviser, Heritage Investors Management Corp 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 Heritage Investors Management Corp’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 (2026-08-27), 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 →