# Henry H. Armstrong Associates, Inc.

> Henry H. Armstrong Associates, Inc. is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 1983, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 105510
- Filed as: HENRY H. ARMSTRONG ASSOCIATES, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105510
- AdvisorCensus page: https://advisorcensus.com/firm/henry-h-armstrong-associates-inc-pittsburgh-pa-105510

## Quick answers

**How is Henry H. Armstrong Associates, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Henry H. Armstrong Associates, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Henry H. Armstrong Associates, Inc. located?**
Henry H. Armstrong Associates, Inc.'s principal office is in Pittsburgh, PA, according to its Form ADV.

**Is Henry H. Armstrong Associates, Inc. registered with the SEC or a state?**
Henry H. Armstrong Associates, Inc. is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 105510.

**How much does Henry H. Armstrong Associates, Inc. manage?**
Henry H. Armstrong Associates, Inc. reports $1,231,153,237 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Henry H. Armstrong Associates, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Henry H. Armstrong Associates, Inc.: Regulatory assets under management: $857,182,495 in the October 2021 data and $1,231,153,237 in the October 2026 data, up 44%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Henry H. Armstrong Associates, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (113); individuals (other than high net worth individuals) (28).

**Which custodians does Henry H. Armstrong Associates, Inc. use?**
Henry H. Armstrong Associates, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Henry H. Armstrong Associates, 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/105510

**Does Henry H. Armstrong Associates, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated February 20, 2026 says: "Armstrong’s minimum account size is $2 million, but Armstrong will accept accounts of lower value at its discretion."

**What changed in Henry H. Armstrong Associates, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in MA.

## 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 February 20, 2026)

- Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)

> Armstrong’s minimum account size is $2 million, but Armstrong will accept accounts of lower value at its discretion.

- Minimum annual fee: $20,000

> Armstrong’s minimum fee per account is $20,000, which may be waived at its discretion.

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.
- National Financial 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: $1,231,153,237
- Discretionary: $1,231,153,237
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 28 | $11,322,044 |
| High net worth individuals | 113 | $1,207,972,847 |
| 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) | 0 | $0 |
| Charitable organizations | Fewer than 5 | $11,858,346 |
| 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 | 0 | $0 |
| 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

### Firm details
- Registered since: 1983 (43 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, FL, MA, MD, ME, NH, NY, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- henryarmstrong.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $857,182,495 | 5 | April 30, 2021 |
| October 2022 | $1,055,257,923 | 5 | July 1, 2022 |
| October 2023 | $902,996,113 | 5 | March 6, 2023 |
| October 2024 | $1,064,772,153 | 5 | February 23, 2024 |
| October 2025 | $1,143,301,792 | 5 | February 26, 2025 |
| October 2026 | $1,231,153,237 | 5 | March 31, 2026 |

Regulatory assets under management: $857,182,495 in the October 2021 data and $1,231,153,237 in the October 2026 data, up 44%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in MA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Henry H. Armstrong Associates, Inc. (CRD 105510): Form ADV filing data as of October 2026.