AdvisorCensus / Financial advisors / Minnesota / Minneapolis / Heritage Capital Advisors, LLC
Heritage Capital Advisors, LLC
Filed as HERITAGE CAPITAL ADVISORS, LLC
Heritage Capital Advisors, LLC is a state-registered investment advisory firm in St Paul, MN, registered since 2023, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated January 21, 2026.
Quick answers
From the filingHow is Heritage Capital Advisors, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Heritage Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is Heritage Capital Advisors, LLC located?
Heritage Capital Advisors, LLC's principal office is in St Paul, MN, according to its Form ADV.
Is Heritage Capital Advisors, LLC registered with the SEC or a state?
Heritage Capital Advisors, LLC is a state-registered investment advisory firm, registered since 2023. Status as filed: APPROVED. CRD 115308.
How much does Heritage Capital Advisors, LLC manage?
Heritage Capital Advisors, LLC reports $88,480,034 in regulatory assets under management in its Form ADV filing dated January 21, 2026 (100% discretionary).
How have Heritage Capital Advisors, LLC's assets and staff changed since 2021?
In the Form ADV data for Heritage Capital Advisors, LLC: Regulatory assets under management: $52,137,617 in the October 2021 data and $88,480,034 in the October 2026 data, up 70%. Total employees: 4 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 Heritage Capital Advisors, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (25); individuals (other than high net worth individuals) (18).
Does Heritage Capital Advisors, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/115308
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
- 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
Regulatory assets under management
Item 5.F$88,480,034 as of October 2026, filing dated January 21, 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- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- State-registered investment adviser. Status as filed: APPROVED.
- Registered since
- 2023 (3 years)
- Employees
- Total: 5. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
State-registered investment advisers are examined by their state securities regulator. 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 | $88,480,034 | 5 | January 21, 2026 |
| October 2022 | $71,826,166 | 2 | May 31, 2022 |
| October 2021 | $52,137,617 | 4 | March 11, 2021 |
Regulatory assets under management: $52,137,617 in the October 2021 data and $88,480,034 in the October 2026 data, up 70%.
Total employees: 4 in October 2021 and 5 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 monthsNo changes to these filed facts in the last 12 months of filing data.
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.INot reported.
Source: 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. Heritage Capital Advisors, LLC (CRD 115308): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/heritage-capital-advisors-llc-st-paul-mn-115308