{
  "crd_number": 167225,
  "slug": "elm-wealth-philadelphia-pa-167225",
  "primary_business_name": "ELM WEALTH",
  "legal_name": "ELM PARTNERS MANAGEMENT LLC",
  "dbas": [
    "ELM WEALTH"
  ],
  "city": "Philadelphia",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "37980",
  "metro": {
    "cbsa_code": "37980",
    "common_name": "Philadelphia",
    "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD",
    "path": "/advisors/pa/philadelphia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2013-05-14",
  "years_registered": 13,
  "period": "2026-10-01",
  "filing_date": "2026-09-03",
  "carried_forward": false,
  "raum_total": 3018199851.0,
  "raum_discretionary": 3018199851.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 9,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 27775613.0,
      "count": 3,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 71773174.0,
      "count": 107
    },
    "investment_companies": {
      "raum": 502030447.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 2029739810.0,
      "count": 537
    },
    "pooled_investment_vehicles": {
      "raum": 382611344.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 4269463.0,
      "count": 4,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "IL",
    "MA",
    "MD",
    "MI",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NV",
    "NY",
    "OH",
    "PA",
    "SC",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WY"
  ],
  "websites": [
    "https://elmfunds.com",
    "https://elmwealth.com",
    "https://facebook.com/elmwealth",
    "https://instagram.com/elmwealth",
    "https://linkedin.com/company/elm-partners/about",
    "https://tiktok.com/@elmwealth",
    "https://twitter.com/elmpartners?lang=en",
    "https://youtube.com/channel/UCYQilgPYazyOAIszr_vtyKw"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/167225",
  "disclosure_items": [
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "PHILADELPHIA",
  "url": "https://advisorcensus.com/firm/elm-wealth-philadelphia-pa-167225",
  "display_name": "Elm Wealth",
  "summary": "Elm Wealth is an SEC-registered investment advisory firm in Philadelphia, PA, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 3, 2026.",
  "citation": "AdvisorCensus. Elm Wealth (CRD 167225): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Elm Wealth compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Elm Wealth reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Elm Wealth located?",
      "a": "Elm Wealth's principal office is in Philadelphia, PA, according to its Form ADV."
    },
    {
      "q": "Is Elm Wealth registered with the SEC or a state?",
      "a": "Elm Wealth is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 167225."
    },
    {
      "q": "How much does Elm Wealth manage?",
      "a": "Elm Wealth reports $3,018,199,851 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (100% discretionary)."
    },
    {
      "q": "How have Elm Wealth's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Elm Wealth: Regulatory assets under management: $1,145,493,074 in the October 2021 data and $3,018,199,851 in the October 2026 data, up 163%. Total employees: 4 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Elm Wealth serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (537); individuals (other than high net worth individuals) (107); corporations or other businesses not listed above (4)."
    },
    {
      "q": "Which custodians does Elm Wealth use?",
      "a": "Elm Wealth's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and J.P. Morgan Securities LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Elm Wealth report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/167225"
    },
    {
      "q": "What changed in Elm Wealth's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $2,019,455,442 to $3,018,199,851 (+49%). Registered or notice-filed in MD, OH, UT, VT."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1145493074.0,
      "total_employees": 4,
      "filing_date": "2021-03-03"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1304663488.0,
      "total_employees": 5,
      "filing_date": "2022-07-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1277276781.0,
      "total_employees": 5,
      "filing_date": "2023-09-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1503909966.0,
      "total_employees": 6,
      "filing_date": "2024-08-16"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2019455442.0,
      "total_employees": 7,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3018199851.0,
      "total_employees": 9,
      "filing_date": "2026-09-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $2,019,455,442 to $3,018,199,851 (+49%).",
        "Registered or notice-filed in MD, OH, UT, VT."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 7.",
        "Registered or notice-filed in AZ, GA, NV, WI."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "J.P. Morgan Securities LLC",
      "name_as_filed": "J.P. MORGAN SECURITIES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/elm-wealth-philadelphia-pa-167225.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 107,
      "fewer_than_5": false,
      "raum": 71773174.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 537,
      "fewer_than_5": false,
      "raum": 2029739810.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 502030447.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 382611344.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 27775613.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": true,
      "raum": 4269463.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/167225",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}