# Highmark Wealth Management LLC

> Highmark Wealth Management LLC is an SEC-registered investment advisory firm in St. Paul, MN, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 28, 2026.

- CRD: 164790
- Filed as: HIGHMARK WEALTH MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Paul, MN
- Filing period: October 2026
- Form ADV filing dated: April 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164790
- AdvisorCensus page: https://advisorcensus.com/firm/highmark-wealth-management-llc-st-paul-mn-164790

## Quick answers

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

**Where is Highmark Wealth Management LLC located?**
Highmark Wealth Management LLC's principal office is in St. Paul, MN, according to its Form ADV.

**Is Highmark Wealth Management LLC registered with the SEC or a state?**
Highmark Wealth Management LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164790.

**How much does Highmark Wealth Management LLC manage?**
Highmark Wealth Management LLC reports $611,673,300 in regulatory assets under management in its Form ADV filing dated April 28, 2026 (100% discretionary).

**How have Highmark Wealth Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Highmark Wealth Management LLC: Regulatory assets under management: $392,011,228 in the October 2021 data and $611,673,300 in the October 2026 data, up 56%. Total employees: 6 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 Highmark Wealth Management LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (258); high net worth individuals (171).

**Which custodians does Highmark Wealth Management LLC use?**
Highmark Wealth Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Highmark Wealth Management LLC 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/164790

**Does Highmark Wealth Management LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Registrant does not currently impose a minimum account size or minimum annual fee for its services."

**What changed in Highmark Wealth Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $522,831,922 to $611,673,300 (+17%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> Registrant does not currently impose a minimum account size or minimum annual fee for its services.

- Minimum annual fee: None

> Registrant does not currently impose a minimum account size or minimum annual fee for its services.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- 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: $611,673,300
- Discretionary: $611,673,300
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 258 | $60,142,946 |
| High net worth individuals | 171 | $551,530,354 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, FL, MN, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- highmarkwealth.com
- LinkedIn @highmark-wealth-management
- X @HIGHMARKWEALTH

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $392,011,228 | 6 | March 26, 2021 |
| October 2022 | $422,247,709 | 6 | August 3, 2022 |
| October 2023 | $398,546,308 | 6 | April 17, 2023 |
| October 2024 | $483,654,320 | 6 | March 29, 2024 |
| October 2025 | $522,831,922 | 6 | April 1, 2025 |
| October 2026 | $611,673,300 | 5 | April 28, 2026 |

Regulatory assets under management: $392,011,228 in the October 2021 data and $611,673,300 in the October 2026 data, up 56%.
Total employees: 6 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $522,831,922 to $611,673,300 (+17%).

### January 2026
- No longer registered or notice-filed in NH.

### December 2025
- Registered or notice-filed in FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Highmark Wealth Management LLC (CRD 164790): Form ADV filing data as of October 2026.