# Heritage Wealth Management

> Heritage Wealth Management is an SEC-registered investment advisory firm in Woburn, MA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 4, 2026.

- CRD: 159158
- Filed as: HERITAGE WEALTH MANAGEMENT
- Legal name: Heritage Wealth Management, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Woburn, MA
- Filing period: October 2026
- Form ADV filing dated: August 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159158
- AdvisorCensus page: https://advisorcensus.com/firm/heritage-wealth-management-woburn-ma-159158

## Quick answers

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

**How much does Heritage Wealth Management charge?**
Its Form ADV Part 2A brochure dated August 4, 2026 states: Hourly rate: $400 an hour (Consulting). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Heritage Wealth Management located?**
Heritage Wealth Management's principal office is in Woburn, MA, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Heritage Wealth Management registered with the SEC or a state?**
Heritage Wealth Management is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 159158.

**How much does Heritage Wealth Management manage?**
Heritage Wealth Management reports $153,221,579 in regulatory assets under management in its Form ADV filing dated August 4, 2026 (100% discretionary).

**How have Heritage Wealth Management's assets and staff changed since 2025?**
In the Form ADV data for Heritage Wealth Management: Regulatory assets under management: $118,313,865 in the October 2025 data and $153,221,579 in the October 2026 data, up 30%. Total employees: 2 in October 2025 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Heritage Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (133); high net worth individuals (82); charitable organizations (2).

**Which custodians does Heritage Wealth Management use?**
Heritage Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Heritage Wealth Management report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(4) (another regulator's order in the past ten years) and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159158

**Does Heritage Wealth Management state an account minimum?**
Its Form ADV Part 2A brochure dated August 4, 2026 says: "HWM requires each client to place at least $500,000 with the firm. This minimum may be waived at the discretion of HWM."

**What changed in Heritage Wealth Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $118,313,865 to $153,221,579 (+30%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated August 4, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> HWM requires each client to place at least $500,000 with the firm. This minimum may be waived at the discretion of HWM.

- Hourly rate: $400 an hour (Consulting)

> Consulting fees can be hourly, fixed fee basis, or included with asset management services. Our hourly charge is $400 per hour.

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.

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: $153,221,579
- Discretionary: $153,221,579
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 133 | $37,825,949 |
| High net worth individuals | 82 | $113,987,113 |
| Charitable organizations | 2 | $1,176,551 |
| Corporations or other businesses not listed above | 1 | $231,966 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2025 (1 year)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, NH, RI, TX
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159158

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Needham, MA

### Websites listed on Form ADV (Item 1.I)
- hwmcorp.com
- Facebook @HWMCORP
- LinkedIn @3632542
- X @HWMCORP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $118,313,865 | 2 | June 25, 2025 |
| October 2026 | $153,221,579 | 2 | August 4, 2026 |

Regulatory assets under management: $118,313,865 in the October 2025 data and $153,221,579 in the October 2026 data, up 30%.
Total employees: 2 in October 2025 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $118,313,865 to $153,221,579 (+30%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Heritage Wealth Management (CRD 159158): Form ADV filing data as of October 2026.