# Heyman Investment Counseling LLC

> Heyman Investment Counseling LLC is a state-registered investment advisory firm, registered since 2013, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 20, 2026.

- CRD: 166456
- Filed as: HEYMAN INVESTMENT COUNSELING LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Filing period: October 2026
- Form ADV filing dated: March 20, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/166456
- AdvisorCensus page: https://advisorcensus.com/firm/heyman-investment-counseling-llc-166456

## Quick answers

**How is Heyman Investment Counseling LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Heyman Investment Counseling LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is Heyman Investment Counseling LLC registered with the SEC or a state?**
Heyman Investment Counseling LLC is a state-registered investment advisory firm, registered since 2013. Status as filed: APPROVED. CRD 166456.

**How much does Heyman Investment Counseling LLC manage?**
Heyman Investment Counseling LLC reports $105,122,000 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (94% discretionary).

**What types of clients does Heyman Investment Counseling LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (26); individuals (other than high net worth individuals) (9).

**Does Heyman Investment Counseling 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/166456

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $105,122,000
- Discretionary: $98,489,000
- Non-discretionary: $6,633,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 9 | $3,546,000 |
| High net worth individuals | 26 | $101,576,000 |
| Other investment advisers | Fewer than 5 | Not reported |

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

### Firm details
- Registered since: 2013 (13 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, IL, OH
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Heyman Investment Counseling LLC (CRD 166456): Form ADV filing data as of October 2026.