# Graves Light Lenhart

> Graves Light Lenhart is an SEC-registered investment advisory firm in Harrisonburg, VA, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 298283
- Filed as: GRAVES LIGHT LENHART
- Legal name: Graves Light Lenhart Wealth, Inc.
- Also doing business as: GRAVES LIGHT LENHART
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Harrisonburg, VA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298283
- AdvisorCensus page: https://advisorcensus.com/firm/graves-light-lenhart-harrisonburg-va-298283

## Quick answers

**How is Graves Light Lenhart compensated?**
On its Form ADV (Item 5.E, October 2026), Graves Light Lenhart reports these compensation arrangements: a percentage of assets under its management.

**Where is Graves Light Lenhart located?**
Graves Light Lenhart's principal office is in Harrisonburg, VA, according to its Form ADV.

**Is Graves Light Lenhart registered with the SEC or a state?**
Graves Light Lenhart is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298283.

**How much does Graves Light Lenhart manage?**
Graves Light Lenhart reports $1,234,032,819 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (95% discretionary).

**How have Graves Light Lenhart's assets and staff changed since 2021?**
In the Form ADV data for Graves Light Lenhart: Regulatory assets under management: $822,641,188 in the October 2021 data and $1,234,032,819 in the October 2026 data, up 50%. Total employees: 9 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Graves Light Lenhart serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (248); individuals (other than high net worth individuals) (155); charitable organizations (16).

**Which custodians does Graves Light Lenhart use?**
Graves Light Lenhart's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Graves Light Lenhart report any disciplinary disclosures?**
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/298283

**Does Graves Light Lenhart state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "As a condition for starting and maintaining an investment management relationship, GLL imposes a minimum portfolio value of $2,500,000."

**What changed in Graves Light Lenhart's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $1,081,499,052 to $1,234,032,819 (+14%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: $2,500,000

> As a condition for starting and maintaining an investment management relationship, GLL imposes a minimum portfolio value of $2,500,000.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., 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: $1,234,032,819
- Discretionary: $1,178,007,489
- Non-discretionary: $56,025,330

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 155 | $53,475,931 |
| High net worth individuals | 248 | $978,004,905 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 11 | $49,633,754 |
| Charitable organizations | 16 | $118,999,701 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 8 | $33,918,528 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 11 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, ID, MD, NC, PA, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- gllwealth.com
- LinkedIn @graves-light-lenhart-private-wealth-management
- YouTube @graveslightlenhart9809

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $822,641,188 | 9 | February 19, 2021 |
| October 2022 | $1,033,284,313 | 9 | March 31, 2022 |
| October 2023 | $933,661,749 | 9 | March 23, 2023 |
| October 2024 | $1,086,150,779 | 10 | March 6, 2024 |
| October 2025 | $1,081,499,052 | 10 | March 4, 2025 |
| October 2026 | $1,234,032,819 | 11 | March 30, 2026 |

Regulatory assets under management: $822,641,188 in the October 2021 data and $1,234,032,819 in the October 2026 data, up 50%.
Total employees: 9 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 8.
- Regulatory assets under management went from $1,081,499,052 to $1,234,032,819 (+14%).
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Registered or notice-filed in PA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Graves Light Lenhart (CRD 298283): Form ADV filing data as of October 2026.