{
  "crd_number": 338769,
  "slug": "emerald-investment-advisers-llc-leola-pa-338769",
  "primary_business_name": "EMERALD INVESTMENT ADVISERS, LLC",
  "legal_name": "EMERALD INVESTMENT ADVISERS, LLC",
  "dbas": [],
  "city": "Leola",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "29540",
  "metro": {
    "cbsa_code": "29540",
    "common_name": "Lancaster",
    "msa_name": "Lancaster, PA",
    "path": "/advisors/pa/lancaster"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-11-17",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-01-30",
  "carried_forward": false,
  "raum_total": 2262694558.0,
  "raum_discretionary": 2262694558.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 12,
  "advisory_employees": 12,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 1283687301.0,
      "count": 17,
      "description": "WRAP PLATFORMS"
    },
    "charitable": {
      "raum": 69182352.0,
      "count": 32
    },
    "individuals": {
      "raum": 10279460.0,
      "count": 23
    },
    "banking_thrift": {
      "raum": 3933719.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 15178913.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 85814122.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 263967561.0,
      "count": 25
    },
    "other_investment_advisers": {
      "raum": 392360648.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 105625616.0,
      "count": 69
    },
    "pooled_investment_vehicles": {
      "raum": null,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 32664866.0,
      "count": 12
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MO",
    "PA"
  ],
  "websites": [
    "https://teamemerald.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/338769",
  "city_as_filed": "LEOLA",
  "url": "https://advisorcensus.com/firm/emerald-investment-advisers-llc-leola-pa-338769",
  "display_name": "Emerald Investment Advisers, LLC",
  "summary": "Emerald Investment Advisers, LLC is an SEC-registered investment advisory firm in Leola, PA, registered since 2025, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated January 30, 2026.",
  "citation": "AdvisorCensus. Emerald Investment Advisers, LLC (CRD 338769): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "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)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Emerald Investment Advisers, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Emerald Investment Advisers, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Emerald Investment Advisers, LLC located?",
      "a": "Emerald Investment Advisers, LLC's principal office is in Leola, PA, according to its Form ADV; the February 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Emerald Investment Advisers, LLC registered with the SEC or a state?",
      "a": "Emerald Investment Advisers, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 338769."
    },
    {
      "q": "How much does Emerald Investment Advisers, LLC manage?",
      "a": "Emerald Investment Advisers, LLC reports $2,262,694,558 in regulatory assets under management in its Form ADV filing dated January 30, 2026 (100% discretionary)."
    },
    {
      "q": "What types of clients does Emerald Investment Advisers, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (69); charitable organizations (32); pension and profit sharing plans (but not the plan participants or government pension plans) (25)."
    },
    {
      "q": "Which custodians does Emerald Investment Advisers, LLC use?",
      "a": "Emerald Investment Advisers, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC and FIS Brokerage & Securities Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Emerald Investment Advisers, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/338769"
    },
    {
      "q": "What changed in Emerald Investment Advisers, LLC's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $0 to $2,262,694,558. Employees performing advisory functions went from 2 to 12. Added an office in St. Louis, MO. Registered or notice-filed in MO."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $0 to $2,262,694,558.",
        "Employees performing advisory functions went from 2 to 12.",
        "Added an office in St. Louis, MO.",
        "Registered or notice-filed in MO."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Newly registered with the SEC."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "FIS Brokerage & Securities Services LLC",
      "name_as_filed": "FIS BROKERAGE & SECURITIES SERVICES 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/emerald-investment-advisers-llc-leola-pa-338769.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 23,
      "fewer_than_5": false,
      "raum": 10279460.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 69,
      "fewer_than_5": false,
      "raum": 105625616.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 3933719.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 85814122.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 25,
      "fewer_than_5": false,
      "raum": 263967561.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 32,
      "fewer_than_5": false,
      "raum": 69182352.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 15178913.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 6,
      "fewer_than_5": false,
      "raum": 392360648.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 12,
      "fewer_than_5": false,
      "raum": 32664866.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 17,
      "fewer_than_5": false,
      "raum": 1283687301.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/338769",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}