{
  "crd_number": 148459,
  "slug": "heritage-wealth-management-group-ltd-norfolk-va-148459",
  "primary_business_name": "HERITAGE WEALTH MANAGEMENT GROUP, LTD",
  "legal_name": "HERITAGE WEALTH MANAGEMENT GROUP, LTD",
  "dbas": [],
  "city": "Norfolk",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "47260",
  "metro": {
    "cbsa_code": "47260",
    "common_name": "Virginia Beach",
    "msa_name": "Virginia Beach-Chesapeake-Norfolk, VA-NC",
    "path": "/advisors/va/virginia-beach"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-04-26",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-10",
  "carried_forward": false,
  "raum_total": 152216991.0,
  "raum_discretionary": 152216991.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 346938.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 46257610.0,
      "count": 137
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 105066692.0,
      "count": 40
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 545751.0,
      "count": 1,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "NC",
    "PA",
    "TX",
    "VA"
  ],
  "websites": [
    "https://facebook.com/heritagewealthmg",
    "https://facebook.com/zach.tekamp",
    "https://hwmgroup.com",
    "https://linkedin.com/company/heritage-wealth-management-group",
    "https://linkedin.com/in/zach-tekamp-cfp%C2%AE-ea-60a1b6124"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/148459",
  "city_as_filed": "NORFOLK",
  "url": "https://advisorcensus.com/firm/heritage-wealth-management-group-ltd-norfolk-va-148459",
  "display_name": "Heritage Wealth Management Group, Ltd",
  "summary": "Heritage Wealth Management Group, Ltd is an SEC-registered investment advisory firm in Norfolk, VA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 10, 2026.",
  "citation": "AdvisorCensus. Heritage Wealth Management Group, Ltd (CRD 148459): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Heritage Wealth Management Group, Ltd compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Heritage Wealth Management Group, Ltd reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Heritage Wealth Management Group, Ltd charge?",
      "a": "Its Form ADV Part 2A brochure dated March 10, 2026 states: Flat fee: $1,000 to $12,500 a year (Investment Management and Comprehensive Financial Planning…); Flat fee: $1,000 to $12,500 (project-based, one-time engagements); Hourly rate: up to $500 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Heritage Wealth Management Group, Ltd located?",
      "a": "Heritage Wealth Management Group, Ltd's principal office is in Norfolk, VA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Heritage Wealth Management Group, Ltd registered with the SEC or a state?",
      "a": "Heritage Wealth Management Group, Ltd is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 148459."
    },
    {
      "q": "How much does Heritage Wealth Management Group, Ltd manage?",
      "a": "Heritage Wealth Management Group, Ltd reports $152,216,991 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (100% discretionary)."
    },
    {
      "q": "How have Heritage Wealth Management Group, Ltd's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Heritage Wealth Management Group, Ltd: Regulatory assets under management: $137,469,911 in the October 2021 data and $152,216,991 in the October 2026 data, up 11%. Total employees: 8 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Heritage Wealth Management Group, Ltd serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (137); high net worth individuals (40); charitable organizations (2)."
    },
    {
      "q": "Which custodians does Heritage Wealth Management Group, Ltd use?",
      "a": "Heritage Wealth Management Group, Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Heritage Wealth Management Group, Ltd report any disciplinary disclosures?",
      "a": "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/148459"
    },
    {
      "q": "Does Heritage Wealth Management Group, Ltd state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 10, 2026 says: \"Adviser does not require a minimum account value to open or maintain an account.\""
    },
    {
      "q": "What changed in Heritage Wealth Management Group, Ltd's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $124,051,923 to $152,216,991 (+23%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 137469911.0,
      "total_employees": 8,
      "filing_date": "2021-07-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 160102974.0,
      "total_employees": 9,
      "filing_date": "2022-09-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 134157967.0,
      "total_employees": 8,
      "filing_date": "2023-08-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 156699031.0,
      "total_employees": 5,
      "filing_date": "2024-07-04"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 124051923.0,
      "total_employees": 6,
      "filing_date": "2025-06-18"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 152216991.0,
      "total_employees": 5,
      "filing_date": "2026-03-10"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $124,051,923 to $152,216,991 (+23%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 3.",
        "Added an office in Alexandria, VA."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 10, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,000 to $12,500 a year (Investment Management and Comprehensive Financial Planning…)",
      "Flat fee: $1,000 to $12,500 (project-based, one-time engagements)",
      "Hourly rate: up to $500 an hour (financial planning services)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Adviser does not require a minimum account value to open or maintain an account."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 to $12,500 a year (Investment Management and Comprehensive Financial Planning…)"
        ],
        "quotes": [
          "Adviser is compensated for its Investment Management and Comprehensive Financial Planning advisory services either by fees charged based on a client’s assets under management with Adviser or by a flat annual fee of between $1,000 and $12,500"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 to $12,500 (project-based, one-time engagements)"
        ],
        "quotes": [
          "For ongoing services, we generally charge an ongoing flat annual fee that is paid monthly, quarterly, or semi-annually in advance, and that ranges between $1,000 to $12,500 per year."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: up to $500 an hour (financial planning services)"
        ],
        "quotes": [
          "In limited circumstances, Adviser alternatively offers financial planning services on an hourly basis at a rate of up to $500 per hour"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1000.0,
          "max": 12500.0,
          "period": "annual",
          "service": "Investment Management and Comprehensive Financial Planning advisory services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 1000.0,
          "max": 12500.0,
          "period": "one_time",
          "service": "project-based, one-time engagements"
        },
        {
          "kind": "hourly",
          "amount": null,
          "min": null,
          "max": 500.0,
          "period": "hour",
          "service": "financial planning services"
        }
      ]
    },
    "quotes": [
      "Adviser does not require a minimum account value to open or maintain an account.",
      "Adviser is compensated for its Investment Management and Comprehensive Financial Planning advisory services either by fees charged based on a client’s assets under management with Adviser or by a flat annual fee of between $1,000 and $12,500",
      "For ongoing services, we generally charge an ongoing flat annual fee that is paid monthly, quarterly, or semi-annually in advance, and that ranges between $1,000 to $12,500 per year.",
      "In limited circumstances, Adviser alternatively offers financial planning services on an hourly basis at a rate of up to $500 per hour"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Altruist Financial LLC",
      "name_as_filed": "ALTRUIST FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/heritage-wealth-management-group-ltd-norfolk-va-148459.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 137,
      "fewer_than_5": false,
      "raum": 46257610.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 40,
      "fewer_than_5": false,
      "raum": 105066692.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 346938.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 545751.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/148459",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}