# Gearhart & Associates

> Gearhart & Associates is an SEC-registered investment advisory firm in Cincinnati, OH, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 28, 2026.

- CRD: 321832
- Filed as: GEARHART & ASSOCIATES
- Legal name: Atlas Wealth LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cincinnati, OH
- Filing period: October 2026
- Form ADV filing dated: April 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/321832
- AdvisorCensus page: https://advisorcensus.com/firm/gearhart-and-associates-cincinnati-oh-321832

## Quick answers

**How is Gearhart & Associates compensated?**
On its Form ADV (Item 5.E, October 2026), Gearhart & Associates reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Gearhart & Associates located?**
Gearhart & Associates' principal office is in Cincinnati, OH, according to its Form ADV.

**Is Gearhart & Associates registered with the SEC or a state?**
Gearhart & Associates is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 321832.

**How much does Gearhart & Associates manage?**
Gearhart & Associates reports $872,588,664 in regulatory assets under management in its Form ADV filing dated April 28, 2026 (100% discretionary).

**How have Gearhart & Associates' assets and staff changed since 2022?**
In the Form ADV data for Gearhart & Associates: Regulatory assets under management: $553,829,365 in the October 2022 data and $872,588,664 in the October 2026 data, up 58%. Total employees: 6 in October 2022 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Gearhart & Associates serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,672); high net worth individuals (212); corporations or other businesses not listed above (13).

**Which custodians does Gearhart & Associates use?**
Gearhart & Associates' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James & Associates, Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Gearhart & Associates report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). 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/321832

**Does Gearhart & Associates state an account minimum?**
Its Form ADV Part 2A brochure dated April 27, 2026 says: "Gearhart & Associates does not impose a minimum portfolio size or a minimum initial investment to open an account."

**What changed in Gearhart & Associates' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $723,918,841 to $872,588,664 (+21%). Registered or notice-filed in VA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated April 27, 2026)

- Account minimum: None

> Gearhart & Associates does not impose a minimum portfolio size or a minimum initial investment to open an account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Raymond James & Associates, Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $872,588,664
- Discretionary: $872,588,664
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,672 | $99,855,598 |
| High net worth individuals | 212 | $743,747,579 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $10,668,668 |
| Corporations or other businesses not listed above | 13 | $18,316,819 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 2022 (4 years)
- Employees: 7 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, IL, IN, KY, MI, MO, NC, NY, OH, SC, TN, TX, VA
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.E(4): Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/321832

### Websites listed on Form ADV (Item 1.I)
- gearhart-assoc.com
- Facebook @gearhartassociates
- Instagram @gearhartassoc
- LinkedIn @gearhart-associates

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $553,829,365 | 6 | August 26, 2022 |
| October 2023 | $581,439,749 | 6 | September 26, 2023 |
| October 2024 | $638,216,495 | 7 | June 27, 2024 |
| October 2025 | $723,918,841 | 7 | April 14, 2025 |
| October 2026 | $872,588,664 | 7 | April 28, 2026 |

Regulatory assets under management: $553,829,365 in the October 2022 data and $872,588,664 in the October 2026 data, up 58%.
Total employees: 6 in October 2022 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $723,918,841 to $872,588,664 (+21%).
- Registered or notice-filed in VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gearhart & Associates (CRD 321832): Form ADV filing data as of October 2026.