# Old North State Wealth Management, LLC

> Old North State Wealth Management, LLC is an SEC-registered investment advisory firm in Wilmington, NC, registered since 2008, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 148659
- Filed as: OLD NORTH STATE WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wilmington, NC
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148659
- AdvisorCensus page: https://advisorcensus.com/firm/old-north-state-wealth-management-llc-wilmington-nc-148659

## Quick answers

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

**How much does Old North State Wealth Management, LLC charge?**
Its Form ADV Part 2A brochure dated March 17, 2026 states: Flat fee: $500 to $2,500 (broad based planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Old North State Wealth Management, LLC located?**
Old North State Wealth Management, LLC's principal office is in Wilmington, NC, according to its Form ADV.

**Is Old North State Wealth Management, LLC registered with the SEC or a state?**
Old North State Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 148659.

**How much does Old North State Wealth Management, LLC manage?**
Old North State Wealth Management, LLC reports $452,559,489 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (95% discretionary).

**How have Old North State Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Old North State Wealth Management, LLC: Regulatory assets under management: $243,410,687 in the October 2021 data and $452,559,489 in the October 2026 data, up 86%. Total employees: 6 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Old North State Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (360); high net worth individuals (111); corporations or other businesses not listed above (9).

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

**Does Old North State 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/148659

**Does Old North State Wealth Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 17, 2026 says: "Old North requires a minimum of $ 500,000 to open and maintain an advisory account. At our sole discretion we may waive this requirement."

**What changed in Old North State Wealth Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $384,507,909 to $452,559,489 (+18%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

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

> Old North requires a minimum of $ 500,000 to open and maintain an advisory account. At our sole discretion we may waive this requirement.

- Flat fee: $500 to $2,500 (broad based planning services)

> Fixed Fees: Old North will charge a fixed fee that ranges from $500.00 to $2,500.00, for broad based planning services.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Distributors Company 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: $452,559,489
- Discretionary: $427,686,484
- Non-discretionary: $24,873,005

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 360 | $121,879,075 |
| High net worth individuals | 111 | $328,576,357 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $345,268 |
| Charitable organizations | 3 | $676,616 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 9 | $1,082,173 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2008 (17 years)
- Employees: 6 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, GA, LA, NC, NH, NY, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- glenhedrick.com
- oldnorthstatewealth.com
- onswm.com
- thefamilycfo.com
- Facebook @GlenHedrickadvisor
- LinkedIn @old-north-state-wealth-management
- X @glen_hedrick

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $243,410,687 | 6 | March 21, 2021 |
| October 2022 | $287,511,917 | 6 | March 15, 2022 |
| October 2023 | $265,854,635 | 6 | March 27, 2023 |
| October 2024 | $335,199,925 | 6 | March 22, 2024 |
| October 2025 | $384,507,909 | 6 | March 20, 2025 |
| October 2026 | $452,559,489 | 6 | March 17, 2026 |

Regulatory assets under management: $243,410,687 in the October 2021 data and $452,559,489 in the October 2026 data, up 86%.
Total employees: 6 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $384,507,909 to $452,559,489 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Old North State Wealth Management, LLC (CRD 148659): Form ADV filing data as of October 2026.