# Heritage Wealth Advisors

> Heritage Wealth Advisors is an SEC-registered investment advisory firm in Richmond, VA, registered since 2005, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.

- CRD: 137484
- Filed as: HERITAGE WEALTH ADVISORS
- Legal name: Heritage Wealth Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Richmond, VA
- Filing period: October 2026
- Form ADV filing dated: July 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/137484
- AdvisorCensus page: https://advisorcensus.com/firm/heritage-wealth-advisors-richmond-va-137484

## Quick answers

**How is Heritage Wealth Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Heritage Wealth Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Heritage Wealth Advisors located?**
Heritage Wealth Advisors' principal office is in Richmond, VA, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Heritage Wealth Advisors registered with the SEC or a state?**
Heritage Wealth Advisors is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 137484.

**How much does Heritage Wealth Advisors manage?**
Heritage Wealth Advisors reports $4,858,545,649 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (97% discretionary).

**How have Heritage Wealth Advisors' assets and staff changed since 2021?**
In the Form ADV data for Heritage Wealth Advisors: Regulatory assets under management: $2,668,745,096 in the October 2021 data and $4,858,545,649 in the October 2026 data, up 82%. Total employees: 24 in October 2021 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Heritage Wealth Advisors serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (254); individuals (other than high net worth individuals) (130); corporations or other businesses not listed above (41).

**Which custodians does Heritage Wealth Advisors use?**
Heritage Wealth Advisors' 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 Heritage Wealth Advisors 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/137484

**What changed in Heritage Wealth Advisors' recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### 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: $4,858,545,649
- Discretionary: $4,705,675,429
- Non-discretionary: $152,870,220

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 130 | $44,104,335 |
| High net worth individuals | 254 | $2,607,747,966 |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $255,372,226 |
| Charitable organizations | 19 | $1,631,067,902 |
| Corporations or other businesses not listed above | 41 | $320,253,220 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2005 (20 years)
- Employees: 36 total, 18 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, NC, NY, PA, SC, TN, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Charlottesville, VA
- Wexford, PA

### Websites listed on Form ADV (Item 1.I)
- heritagewealth.net
- LinkedIn @HERITAGE-WEALTH-ADVISORS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,668,745,096 | 24 | October 1, 2021 |
| October 2022 | $3,325,396,139 | 26 | August 26, 2022 |
| October 2023 | $3,081,765,406 | 30 | April 4, 2023 |
| October 2024 | $4,001,734,968 | 35 | September 30, 2024 |
| October 2025 | $4,567,546,731 | 36 | July 23, 2025 |
| October 2026 | $4,858,545,649 | 36 | July 30, 2026 |

Regulatory assets under management: $2,668,745,096 in the October 2021 data and $4,858,545,649 in the October 2026 data, up 82%.
Total employees: 24 in October 2021 and 36 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 17 to 18.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in LA, TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Heritage Wealth Advisors (CRD 137484): Form ADV filing data as of October 2026.