# Ryan Heritage, LLP

> Ryan Heritage, LLP is an SEC-registered investment advisory firm in Saddle Brook, NJ, registered since 2021, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 317097
- Filed as: RYAN HERITAGE, LLP
- Also doing business as: BULLDOG INVESTORS, LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Saddle Brook, NJ
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/317097
- AdvisorCensus page: https://advisorcensus.com/firm/ryan-heritage-llp-saddle-brook-nj-317097

## Quick answers

**How is Ryan Heritage, LLP compensated?**
On its Form ADV (Item 5.E, October 2026), Ryan Heritage, LLP reports these compensation arrangements: a percentage of assets under its management.

**Where is Ryan Heritage, LLP located?**
Ryan Heritage, LLP's principal office is in Saddle Brook, NJ, according to its Form ADV.

**Is Ryan Heritage, LLP registered with the SEC or a state?**
Ryan Heritage, LLP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 317097.

**How much does Ryan Heritage, LLP manage?**
Ryan Heritage, LLP reports $18,806,198 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Ryan Heritage, LLP's assets and staff changed since 2022?**
In the Form ADV data for Ryan Heritage, LLP: Regulatory assets under management: $7,367,058 in the October 2023 data and $18,806,198 in the October 2026 data, up 155%. Total employees: 7 in October 2022 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ryan Heritage, LLP serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Which custodians does Ryan Heritage, LLP use?**
Ryan Heritage, LLP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Ryan Heritage, LLP 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/317097

**Does Ryan Heritage, LLP state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "The minimum required investment with respect to SMAs generally is $100,000, but such minimum may be waived at the discretion of Ryan Heritage."

**What changed in Ryan Heritage, LLP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $25,638,253 to $18,806,198 (-27%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> The minimum required investment with respect to SMAs generally is $100,000, but such minimum may be waived at the discretion of Ryan Heritage.

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

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan Securities 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: $18,806,198
- Discretionary: $18,806,198
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $626,130 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $9,860,015 |
| 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) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | Fewer than 5 | $8,320,053 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2021 (4 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | Not reported | 7 | March 2, 2022 |
| October 2023 | $7,367,058 | 7 | January 30, 2023 |
| October 2024 | $16,671,017 | 7 | April 2, 2024 |
| October 2025 | $25,638,253 | 7 | March 28, 2025 |
| October 2026 | $18,806,198 | 7 | March 27, 2026 |

Regulatory assets under management: $7,367,058 in the October 2023 data and $18,806,198 in the October 2026 data, up 155%.
Total employees: 7 in October 2022 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $25,638,253 to $18,806,198 (-27%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ryan Heritage, LLP (CRD 317097): Form ADV filing data as of October 2026.