{ "crd_number": 313052, "slug": "heartwood-partners-llc-norwalk-ct-313052", "primary_business_name": "HEARTWOOD PARTNERS, LLC", "legal_name": "HEARTWOOD PARTNERS, LLC", "dbas": [ "HEARTWOOD MANAGER II, LLC", "HEARTWOOD MANAGER III, LLC", "HEARTWOOD PARTNERS CV I GP LLC", "HEARTWOOD PARTNERS II GP, LLC", "HEARTWOOD PARTNERS III GP, LLC", "HEARTWOOD PARTNERS IV GP, LLC" ], "city": "Norwalk", "state": "CT", "country": "United States", "cbsa_code": "14860", "metro": { "cbsa_code": "14860", "common_name": "Bridgeport", "msa_name": "Bridgeport-Stamford-Danbury, CT", "path": "/advisors/ct/bridgeport" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2021-03-18", "years_registered": 5, "period": "2026-10-01", "filing_date": "2026-03-27", "carried_forward": false, "raum_total": 1358200000.0, "raum_discretionary": 1358200000.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 27, "advisory_employees": 22, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 1358200000.0, "count": 18 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CT" ], "websites": [ "https://heartwoodpartners.com", "https://linkedin.com/company/heartwoodpartners", "https://medium.com/@heartwoodpartners" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/313052", "city_as_filed": "NORWALK", "url": "https://advisorcensus.com/firm/heartwood-partners-llc-norwalk-ct-313052", "display_name": "Heartwood Partners, LLC", "summary": "Heartwood Partners, LLC is an SEC-registered investment advisory firm in Norwalk, CT, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.", "citation": "AdvisorCensus. Heartwood Partners, LLC (CRD 313052): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Heartwood Partners, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Heartwood Partners, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Heartwood Partners, LLC located?", "a": "Heartwood Partners, LLC's principal office is in Norwalk, CT, according to its Form ADV." }, { "q": "Is Heartwood Partners, LLC registered with the SEC or a state?", "a": "Heartwood Partners, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 313052." }, { "q": "How much does Heartwood Partners, LLC manage?", "a": "Heartwood Partners, LLC reports $1,358,200,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary)." }, { "q": "How have Heartwood Partners, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Heartwood Partners, LLC: Regulatory assets under management: $300,961,784 in the October 2021 data and $1,358,200,000 in the October 2026 data, up 351%. Total employees: 23 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Heartwood Partners, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (18)." }, { "q": "Does Heartwood Partners, 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/313052" }, { "q": "What changed in Heartwood Partners, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: No longer lists the business name Heartwood Manager IV, LP. Added the business name Heartwood Partners CV I GP LLC. Employees performing advisory functions went from 20 to 22." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 300961784.0, "total_employees": 23, "filing_date": "2021-07-20" }, { "period": "2022-10-01", "regulatory_assets_under_management": 392800000.0, "total_employees": 21, "filing_date": "2022-07-06" }, { "period": "2023-10-01", "regulatory_assets_under_management": 462300000.0, "total_employees": 25, "filing_date": "2023-10-02" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1432300000.0, "total_employees": 24, "filing_date": "2024-03-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1272800000.0, "total_employees": 24, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1358200000.0, "total_employees": 27, "filing_date": "2026-03-27" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "No longer lists the business name Heartwood Manager IV, LP.", "Added the business name Heartwood Partners CV I GP LLC.", "Employees performing advisory functions went from 20 to 22." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/heartwood-partners-llc-norwalk-ct-313052.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 18, "fewer_than_5": false, "raum": 1358200000.0 } ], "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/313052", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }