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Conrad Siegel Investment Advisors

SEC-registered adviser since 2003Harrisburg, PACRD 123560

$12.1B
AUM
570
Clients
See fees
Fee
23
Advisory staff

From Form ADV filed 4 September 2026 · data retrieved 15 October 2026SEC record

Conrad Siegel Investment Advisors is an investment adviser headquartered in Harrisburg, Pennsylvania, and registered with the SEC since 2003. Its clients include pension and profit-sharing plans, high-net-worth individuals, and state or municipal government entities. High-net-worth individuals account for 6% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Fee arrangements include a percentage of assets under management, hourly charges and fixed fees. Conrad M. Siegel, Inc. owns 75% or more of Conrad Siegel Investment Advisors.

Clients

Conrad Siegel Investment Advisors serves 570 clients, 170 of them high-net-worth individuals. The average client has about $21 million with the firm, and high-net-worth clients hold 6% of its $12.1 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals170 clients6%
  • Pension and profit-sharing plans88 clients83%
  • Charitable organizations18 clients3%
  • State or municipal government entities63 clients5%
  • OtherIndividuals, Insurance companies, Corporations and other businesses3%
Show client breakdown
Individuals (other than HNW)
Clients
225
Regulatory AUM
$177,998,273
Share
1.5%
Avg. per client
$791K
High-net-worth individuals
Clients
170
Regulatory AUM
$773,238,361
Share
6.4%
Avg. per client
$4.55M
Pension and profit-sharing plans
Clients
88
Regulatory AUM
$10,084,858,156
Share
83.1%
Avg. per client
$114.6M
Charitable organizations
Clients
18
Regulatory AUM
$390,920,753
Share
3.2%
Avg. per client
$21.7M
State or municipal government entities
Clients
63
Regulatory AUM
$563,213,229
Share
4.6%
Avg. per client
$8.94M
Insurance companies
Clients
2
Regulatory AUM
$55,332,057
Share
0.5%
Avg. per client
$27.7M
Corporations and other businesses
Clients
4
Regulatory AUM
$83,824,253
Share
0.7%
Avg. per client
$21.0M

Total

Clients
570
Regulatory AUM
$12,129,385,082
Share
100%
Avg. per client
$21.3M

What it does

Conrad Siegel Investment Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions and other activities. It is paid through a percentage of assets, hourly charges and fixed fees.

Conrad Siegel Investment Advisors provided financial planning to 26–50 clients last fiscal year and advises no private funds.

34.1% of assets ($4.14B across 1,159 accounts) are managed with discretion; $7.99B across 59 accounts are not. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks5%
  • Funds94%
    • Registered funds59%
    • Pooled vehicles35%
  • Cash1%

Custodians

Conrad Siegel Investment Advisors’ client accounts are held mainly at Tiaa-Cref, with 34% of managed assets, and Charles Schwab, with 28%. Conrad Siegel Investment Advisors does not have custody of client assets.

Managed account assets by custodian
  • Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $3.37B28%
  • Tiaa-CrefTiaa-Cref · New York, NY · $4.08B34%
  • EmpowerEmpower Advisory Group · Greenwood Village, CO · $2.40B20%
  • All other custodians$2.28B19%

Ownership and leadership

Conrad M. Siegel, Inc. owns 75% or more of Conrad Siegel Investment Advisors.

Who owns the firm
Conrad Siegel Investment Advisors, Inc.· the adviser

  • Conrad M. Siegel, Inc.

    Control person · since July 2002

    Owns 75% or more of Conrad Siegel Investment Advisors, Inc.

Leadership

  • Tara Mashack-Behney
    President
  • Frank Rhodes
    Chief Compliance Officer
  • Catherine Azeles
    Director
  • Trevor Bare
    Director
  • Mark Bonsall
    Director
  • Tracy Burke
    Director
  • Jonathan Cramer
    Director
  • Sean Duffy
    Director
  • Abigail Fortino
    Director
  • Frederick Gard
    Director
  • Robert Glus
    Director
  • Laura Hess
    Director
  • Michael Hoyle
    Director
  • John Jeffrey
    Director
  • David Lytle
    Director
  • Joshua Mayhue
    Director
  • Jeffrey Myers
    Director
  • James Pyne
    Director
  • Jonathan Sapochak
    Director
  • John Vargo
    Director
  • Ashley Wise
    Director

Staff

  • 29 employees
  • 23 in advisory functions
  • 23 state-registered reps
  • 5 insurance agents
  • 2 soliciting firms

Reported holdings

Conrad Siegel Investment Advisors’ reported 13F holdings total $614.6M across 74 positions, and the ten largest make up 81.2% of it.

$614.6M
Reported 13F value
74
Positions
81.2%
In the 10 largest
+10.9%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Dimensional ETF Trust · US Cor Equ 2 ETF22.1%
  2. Vanguard Index Fds · S&P 500 ETF Shs18.8%
  3. Vanguard Tax-managed Fds · Van FTSE Dev Mkt7.1%
  4. Vanguard Index Fds · Mid Cap ETF6.5%
  5. iShares TR · U S Equity Factr6.4%
  6. iShares TR · Core MSCI Intl5.3%
  7. Dimensional ETF Trust · US Targeted Vlu5.1%
  8. Dimensional ETF Trust · World EX US Core4.3%
  9. iShares TR · Core MSCI Eafe2.9%
  10. Dimensional ETF Trust · Emerging Mkts CO2.7%

Together, the ten largest are 81.2% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 17 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $614.6M is not its $12.13B in regulatory assets and does not represent any individual client's portfolio.

Fees

Conrad Siegel Investment Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).

Conrad Siegel Investment Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Conrad Siegel Investment Advisors has 2 offices, with 3 listed addresses across 2 states.

Listed office addresses by state

Pennsylvania · 2 listed addresses

  • 501 Corporate Circle, HarrisburgHQ
  • 201 Granite Run DR., Suite 130, Lancaster

Other business names

Conrad Siegel Investment Advisors has reported 1 other business name to the SEC.

  • CMS Investment Advisors, Inc.

Registration details

Legal name
Conrad Siegel Investment Advisors, Inc.
Headquarters
501 Corporate Circle, Harrisburg, PA 17110
Phone
717-652-5633
Website
www.conradsiegel.co
SEC file
801-62505
Structure
Pennsylvania corporation
Fiscal year end
June

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Conrad Siegel Investment Advisors have?

Conrad Siegel Investment Advisors has 570 clients and manages $12.1 billion for them, as of September 2026. They include 225 other individuals, 170 high-net-worth individuals and 88 pension and profit-sharing plans.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 September 2026

What services does Conrad Siegel Investment Advisors offer?

Conrad Siegel Investment Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Conrad Siegel Investment Advisors use?

Conrad Siegel Investment Advisors’ separately managed account assets are held at Tiaa-Cref (New York, NY), with $4,084,255,254, Charles Schwab & Co., Inc. (San Francisco, CA), with $3,366,411,411 and Empower Advisory Group (Greenwood Village, CO), with $2,397,713,085. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 September 2026

How many financial advisors does Conrad Siegel Investment Advisors have?

Conrad Siegel Investment Advisors has 23 investment adviser representatives registered with state securities authorities, out of 29 employees, and 23 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 5 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Conrad Siegel Investment Advisors invest in?

At the end of its last fiscal year, Conrad Siegel Investment Advisors’ separately managed accounts held 59% registered funds (mutual funds, ETFs, BDCs), 35% pooled vehicles (private funds and similar), 5% exchange-traded equities and 1% cash and equivalents. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Conrad Siegel Investment Advisors?

Conrad Siegel Investment Advisors’ direct owner is Conrad M. Siegel, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 4 September 2026

How does Conrad Siegel Investment Advisors get paid?

Conrad Siegel Investment Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 4 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 123560.
  3. Form 13F-HR, filed 17 July 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Conrad Siegel Investment Advisors, Inc. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.