Wealth manager, independent · Richmond, VA
Heritage Wealth Advisors
Heritage Wealth Advisors, LLC · SEC-registered investment adviser · CRD 137484 · SEC 801-64803
At a glance
Heritage Wealth Advisors is an SEC-registered investment adviser based in Richmond, Virginia, with $4.9B in regulatory assets under management as of its Form ADV filed July 30, 2026. It reports 384 individual clients, 254 of them high-net-worth, holding an average of about $6.9 million each, and 36 employees. That ranks it 231st among the nation’s 5,657 independent wealth management RIAs and 4th of 151 in Virginia. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 804-643-4080heritagewealth.netLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.9B
- Rank among independent wealth managers
- #231 of 5,657
- Rank among all SEC RIAs
- #2,147 of 17,210
- Rank in Virginia
- #4 of 151
- Individual clients
- 384
- High-net-worth clients
- 254
- Accounts
- 1,616
- Discretionary
- 97% of AUM
- Employees
- 36
- Advisory staff
- 18
- Offices
- 4
Owners and executives on its Form ADV
- Delores A. RemoChief Executive Officer and Managing Director
- Charles T. HillChief Financial Officer and Senior Wealth Advisor
- Marshall O. ChambersDirector of Client Strategy and Development
- John G. JordanChief Investment Officer, Chief Compliance Officer and Managing Director
- Caroline E. BaronianManaging Director of Investments
- Sarah C. SimmerManaging Director of Client Experience
- Steven C. HendersonManaging Director of Private Investments and Foundation Strategies
- Meagan E. RobertsManaging Director of Financial Planning and Tax
Custody and brokerage
Broker-dealer
No broker-dealer ties
Heritage Wealth Advisors 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 | 254 | $2.6B | 54% |
| Charitable organizations | 19 | $1.6B | 34% |
| Corporations or other businesses | 41 | $320M | 7% |
| Pooled investment vehicles | 7 | $255M | 5% |
| Individuals | 130 | $44M | <1% |
Private funds
Heritage Wealth Advisors reports 9 private funds with $255M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Heritage Wealth Advisors 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 pooled investment vehicles
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗heritagewealth.net ↗
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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 832 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
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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 |
|---|---|---|
| Cary Street PartnersRichmond | $10B | 6,641 |
| Cassaday & Company, Inc.McLean | $7.1B | 3,142 |
| AndersenMcLean | $6.3B | 550 |
| The Ascent Group, LLCVirginia Beach | $4.8B | 4,177 |
| Spire Wealth Management, LLCMcLean | $4.5B | 6,151 |
| Wealthcare Capital Management LLCRichmond | $3.9B | 5,638 |
Background
Questions
How much does Heritage Wealth Advisors manage?
Heritage Wealth Advisors reports $4.9B in regulatory assets under management across 1,616 accounts, 97% of it on a discretionary basis, on its Form ADV filed July 30, 2026.
How many clients does Heritage Wealth Advisors have?
It reports 384 individual clients: 254 high-net-worth individuals and 130 other individuals. Individuals account for about 55% of its regulatory assets.
Where is Heritage Wealth Advisors headquartered?
Its main office is in Richmond, Virginia. It reports 4 offices in total and 36 employees, 18 of whom perform investment advisory functions.
How does Heritage Wealth Advisors 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 Heritage Wealth Advisors use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed July 30, 2026, it reports these amounts held: Fidelity ($3.5B); Charles Schwab ($963M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Heritage Wealth Advisors a hybrid RIA with a broker-dealer?
Heritage Wealth Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Heritage Wealth Advisors a fiduciary?
As an SEC-registered investment adviser, Heritage Wealth Advisors 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 Wealth Advisors’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 (2026-07-30), 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 →