Emerald Advisers provides portfolio management for individuals and small businesses and portfolio management for institutions.
Emerald Advisers reports 32 clients. They include 23 state or municipal government entities, 8 pension and profit-sharing plans, and 1 pooled investment vehicle. Of its assets, 100.0% ($3.3B across 43 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 3% | 7% |
| Pension and profit-sharing plans | 25% | 23% |
| Charitable organizations | Fewer than 5 | 3% |
| State or municipal government entities | 72% | 62% |
| Insurance companies | Fewer than 5 | 5% |
| Other client typesCorporations and other businesses | Not reported | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 1 | $245M | 7.4% | $245M |
| Pension and profit-sharing plans | 8 | $749M | 22.7% | $93.7M |
| Charitable organizations | Fewer than 5 | $91.5M | 2.8% | — |
| State or municipal government entities | 23 | $2.05B | 62.3% | $89.2M |
| Insurance companies | Fewer than 5 | $157M | 4.8% | — |
| Corporations and other businesses | Fewer than 5 | $208K | 0.0% | — |
| Total | 32 | $3.3B | 100% | — |
- Clients
- 1
- Regulatory AUM
- $245M
- AUM share
- 7.4%
- Avg. per client
- $245M
- Clients
- 8
- Regulatory AUM
- $749M
- AUM share
- 22.7%
- Avg. per client
- $93.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $91.5M
- AUM share
- 2.8%
- Avg. per client
- —
- Clients
- 23
- Regulatory AUM
- $2.05B
- AUM share
- 62.3%
- Avg. per client
- $89.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $157M
- AUM share
- 4.8%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $208K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 32
- Regulatory AUM
- $3.3B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Emerald Advisers is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Emerald Asset Management Pa, LLC owns 75% or more of Emerald Advisers and is in turn owned by F/M Managers Group, LLC (50–75%) and Emerald Asset Management, Inc. (25–50%). Kenneth Mertz is CEO; the leadership team includes President Daniel Moyer and Chief Compliance Officer James Meehan. It has 35 employees, 17 of them in advisory roles.
Staff
- 35 employees
- 17 in advisory functions
- 3 state-registered reps
- 5 broker-dealer reps
- 2 soliciting firms
- Owns 75% or more of Emerald Advisers, LLC
Emerald Asset Management Pa, LLC
Control person · since July 2018
- Owns 50% to 75% of Emerald Asset Management Pa, LLC
F/M Managers Group, LLC
Control person · since October 2018
- Owns 75% or more of F/M Managers Group, LLC
Diffractive Managers Group Payco, LLC
Control person · since October 2018
- Owns 75% or more of Diffractive Managers Group Payco, LLC
1251 Financing Company, LLC
Control person · since October 2018
- Owns 75% or more of 1251 Financing Company, LLC
1251 Capital Group, Inc.
Control person · since October 2018
1251 Capital Group Holdings, LLC
Shareholder · Control person · since October 2018
- Owns 50% to 75% of 1251 Capital Group Holdings, LLC
John Hailer
Control person · since January 2018
Christopher Maguire
Member · Control person · since July 2016
Michael Wilson
Member · Control person · since July 2016
Charles Brizius
Member/manager · Control person · since June 2016
- Owns 25% to 50% of Emerald Asset Management Pa, LLC
Emerald Asset Management, Inc.
Control person · since July 2018
- Owns 75% or more of Emerald Asset Management, Inc.
Emerald Asset Management Employee Stock Ownership Trust
Control person · since September 2012
Daniel Moyer
Trustee · Control person · since September 2012
Paul Ware
Trustee · Control person · since September 2012
Scott Rehr
Trustee · Control person · since February 2024
Emerald Advisers’ regulatory assets grew from $3.08B (March 2021) to $3.3B (March 2026); clients rose from 29 to 32 and employees were 35 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $3.3B | 32 | 35 | 2 |
| Mar 2025March 2025 | $2.62B | 30 | 35 | 2 |
| Mar 2024March 2024 | $2.38B | 29 | 35 | 2 |
| Apr 2023April 2023 | $2.1B | 29 | 35 | 2 |
| Mar 2022March 2022 | $2.77B | 29 | 35 | 3 |
| Mar 2021March 2021 | $3.08B | 29 | 35 | 3 |
Besides its headquarters, Emerald Advisers has 1 office, with 2 listed addresses in 1 state.
Pennsylvania · 2 listed addresses
- 3175 Oregon Pike, LeolaHQ
- 610 Freedom Business Center, King of Prussia
Contact and registration details
- Legal name
- Emerald Advisers, LLC
- Headquarters
- 3175 Oregon Pike, Leola, PA 17540
- Website
- teamemerald.com
- Phone
- 717-396-1116
- SEC file
- 801-40263
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
Emerald Advisers’ named custodians for separately managed accounts are The Northern Trust ($1.25B, 45%), State Street ($778M, 28%) and BNY Mellon, National Association ($756M, 27%). Emerald Advisers does not have custody of client assets.
- BNY Mellon, National AssociationBNY Mellon, National Association · Pittsburgh, PA · $756M27%
- State StreetState Street Corporation · Boston, MA · $778M28%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $1.25B45%
At year end, Emerald Advisers’ separately managed accounts were mostly in stocks (97%). Its reported 13F holdings for the quarter ended 30 June 2026 total $4.25B across 237 positions; the largest are Travere Therapeutics Inc. (2.1%), Cardinal Infrastructure Group (1.9%) and Mercury Systems Inc. (1.8%).
What the accounts hold
- Stocks97%
- Cash2%
- Other1%
- Fixed income etfs1%
How many clients does Emerald Advisers have?
Emerald Advisers has 32 clients and manages $3.3 billion for them, as of March 2026. They include 23 state or municipal government entities, 8 pension and profit-sharing plans, and 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Emerald Advisers offer?
Emerald Advisers provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Emerald Advisers use?
Emerald Advisers’ separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $1.25B, State Street Corporation (Boston, MA), with $778M and BNY Mellon, National Association (Pittsburgh, PA), with $756M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Emerald Advisers have?
Emerald Advisers has 3 investment adviser representatives registered with state securities authorities, out of 35 employees, and 17 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 0 employees 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 Emerald Advisers invest in?
At the end of its last fiscal year, Emerald Advisers’ separately managed accounts held 97% exchange-traded equities, 2% cash and equivalents and 1% other. The 1% other category is described as: Fixed Income Etfs.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Emerald Advisers?
Emerald Advisers is owned through a chain of holding companies by John Hailer. Its direct owner is Emerald Asset Management Pa, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Emerald Advisers get paid?
Emerald Advisers is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Emerald Advisers?
Emerald Advisers’ main office is at 3175 Oregon Pike, Leola, PA 17540. Its phone number is 717-396-1116. Its website is teamemerald.com.