AdvisorCensus / Financial advisors / New York / New York / Heller Wealth Management
Heller Wealth Management
Filed as HELLER WEALTH MANAGEMENT · Legal name Total Management Group, Inc.
Heller Wealth Management is an SEC-registered investment advisory firm in Melville, NY, registered since 2003, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated February 6, 2026.
Quick answers
From the filingHow is Heller Wealth Management compensated?
On its Form ADV (Item 5.E, October 2026), Heller Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
Where is Heller Wealth Management located?
Heller Wealth Management's principal office is in Melville, NY, according to its Form ADV.
Is Heller Wealth Management registered with the SEC or a state?
Heller Wealth Management is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 124261.
How much does Heller Wealth Management manage?
Heller Wealth Management reports $553,893,216 in regulatory assets under management in its Form ADV filing dated February 6, 2026 (100% discretionary).
How have Heller Wealth Management's assets and staff changed since 2021?
In the Form ADV data for Heller Wealth Management: Regulatory assets under management: $302,770,054 in the October 2021 data and $553,893,216 in the October 2026 data, up 83%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Heller Wealth Management serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (177); pension and profit sharing plans (but not the plan participants or government pension plans) (45); individuals (other than high net worth individuals) (14).
Which custodians does Heller Wealth Management use?
Heller Wealth Management'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 Heller Wealth Management 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/124261
Does Heller Wealth Management state an account minimum?
Its Form ADV Part 2A brochure dated February 6, 2026 says: "HWM generally requires a household account minimum of $1 million for investment management services." "HWM requires an annual minimum account size of $1,000,000 for investment advisory services." "However, HWM, in its sole discretion, may require a lesser account minimum or charge a lesser investment management fee based upon various factors including, but not limited to, the amount of the assets with HWM, the level and scope of financial planning services to be rendered and the complexity of the engagement."
What changed in Heller Wealth Management's recent Form ADV filings?
In the March 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $445,853,734 to $553,893,216 (+24%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
HWM generally requires a household account minimum of $1 million for investment management services.
HWM requires an annual minimum account size of $1,000,000 for investment advisory services.
However, HWM, in its sole discretion, may require a lesser account minimum or charge a lesser investment management fee based upon various factors including, but not limited to, the amount of the assets with HWM, the level and scope of financial planning services to be rendered and the complexity of the engagement.
As stated in the firm's Form ADV Part 2A brochure dated February 6, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$553,893,216 as of October 2026, filing dated February 6, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
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
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Total Management Group, Inc.
- Also doing business as
- HELLER WEALTH MANAGEMENT
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2003 (23 years)
- Employees
- Total: 6. Performing investment advisory functions: 4.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
4 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $553,893,216 | 6 | February 6, 2026 |
| October 2025 | $445,853,734 | 5 | July 1, 2025 |
| October 2024 | $404,135,430 | 6 | April 11, 2024 |
| October 2023 | $301,519,356 | 7 | September 28, 2023 |
| October 2022 | $323,901,853 | 7 | July 12, 2022 |
| October 2021 | $302,770,054 | 5 | March 31, 2021 |
Regulatory assets under management: $302,770,054 in the October 2021 data and $553,893,216 in the October 2026 data, up 83%.
Total employees: 5 in October 2021 and 6 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Employees performing advisory functions went from 3 to 4.
- Regulatory assets under management went from $445,853,734 to $553,893,216 (+24%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Heller Wealth Management (CRD 124261): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/heller-wealth-management-melville-ny-124261