# Hennion & Walsh Asset Management, Inc.

> Hennion & Walsh Asset Management, Inc. is an SEC-registered investment advisory firm in Parsippany, NJ, registered since 2003, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 31, 2026.

- CRD: 126236
- Filed as: HENNION & WALSH ASSET MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Parsippany, NJ
- Filing period: October 2026
- Form ADV filing dated: August 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/126236
- AdvisorCensus page: https://advisorcensus.com/firm/hennion-and-walsh-asset-management-inc-parsippany-nj-126236

## Quick answers

**How is Hennion & Walsh Asset Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Hennion & Walsh Asset Management, Inc. reports these compensation arrangements: a percentage of assets under its management; commissions. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Hennion & Walsh Asset Management, Inc. located?**
Hennion & Walsh Asset Management, Inc.'s principal office is in Parsippany, NJ, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Hennion & Walsh Asset Management, Inc. registered with the SEC or a state?**
Hennion & Walsh Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 126236.

**How much does Hennion & Walsh Asset Management, Inc. manage?**
Hennion & Walsh Asset Management, Inc. reports $768,827,843 in regulatory assets under management in its Form ADV filing dated August 31, 2026 (96% discretionary).

**How have Hennion & Walsh Asset Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Hennion & Walsh Asset Management, Inc.: Regulatory assets under management: $315,604,872 in the October 2021 data and $768,827,843 in the October 2026 data, up 144%. Total employees: 65 in October 2021 and 75 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hennion & Walsh Asset Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (940); high net worth individuals (147); charitable organizations (6).

**Which custodians does Hennion & Walsh Asset Management, Inc. use?**
Hennion & Walsh Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Wells Fargo Clearing Services, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Hennion & Walsh Asset Management, Inc. 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/126236

**What changed in Hennion & Walsh Asset Management, Inc.'s recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in MO.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Wells Fargo Clearing Services, LLC

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: $768,827,843
- Discretionary: $741,718,409
- Non-discretionary: $27,109,434

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 940 | $388,802,684 |
| High net worth individuals | 147 | $334,498,614 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $9,991,344 |
| Charitable organizations | 6 | $32,084,091 |
| Corporations or other businesses not listed above | 6 | $3,451,110 |

### 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2003 (23 years)
- Employees: 75 total, 11 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, LA, MA, MD, ME, MI, MN, MO, MS, NC, NH, NJ, NM, NV, NY, OH, OR, PA, SC, TN, TX, VA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Boca Raton, FL

### Websites listed on Form ADV (Item 1.I)
- hennionandwalsh.com
- smarttrustuit.com
- Facebook @hennionandwalsh
- LinkedIn @hennion-&-walsh

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $315,604,872 | 65 | September 3, 2021 |
| October 2022 | $424,198,792 | 70 | July 7, 2022 |
| October 2023 | $379,709,431 | 70 | October 3, 2023 |
| October 2024 | $472,710,937 | 70 | March 27, 2024 |
| October 2025 | $590,106,063 | 75 | July 31, 2025 |
| October 2026 | $768,827,843 | 75 | August 31, 2026 |

Regulatory assets under management: $315,604,872 in the October 2021 data and $768,827,843 in the October 2026 data, up 144%.
Total employees: 65 in October 2021 and 75 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in MO.

### April 2026
- Regulatory assets under management went from $590,106,063 to $768,827,843 (+30%).
- Registered or notice-filed in AL.

### February 2026
- Registered or notice-filed in LA, MS.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hennion & Walsh Asset Management, Inc. (CRD 126236): Form ADV filing data as of October 2026.