Heartwood Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, educational seminars, estate planning, insurance, philanthropic planning, tax planning, and tax preparation. Financial planning was provided to 101–250 clients last fiscal year.
Heartwood Wealth Advisors reports 574 clients. They include 566 high-net-worth individuals, 6 pension and profit-sharing plans, and 2 charitable organizations. Of its assets, 91.0% ($1.41B across 1,348 accounts) are managed with discretion; $140M across 549 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 99% | 92% |
| Pension and profit-sharing plans | 1% | 7% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 566 | $1.43B | 92.5% | $2.53M |
| Pension and profit-sharing plans | 6 | $113M | 7.3% | $18.8M |
| Charitable organizations | Fewer than 5 | $3.55M | 0.2% | $1.77M |
| Total | 574 | $1.55B | 100% | — |
- Clients
- 566
- Regulatory AUM
- $1.43B
- AUM share
- 92.5%
- Avg. per client
- $2.53M
- Clients
- 6
- Regulatory AUM
- $113M
- AUM share
- 7.3%
- Avg. per client
- $18.8M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.55M
- AUM share
- 0.2%
- Avg. per client
- $1.77M
Total
- Clients
- 574
- Regulatory AUM
- $1.55B
- 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
- Financial planning clients last fiscal year
- 101–250
Heartwood Wealth Advisors charges up to 1.50% a year for its Portfolio Management Service Fees. The fee is billed in advance. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning and consulting fees are fixed fees agreed beforehand, based on the complexity and scope of the services.
- Income tax return preparation and filing
- Income tax return preparation and filing is charged a predetermined annual fee based on the scope of the work, deducted from the client’s investment account.
E. Sidney Martin LLC owns 25% to 50% of Heartwood Wealth Advisors and is in turn owned by Edwin Martin (75% or more). The leadership team of Heartwood Wealth Advisors includes Chief Compliance Officer Wesley Kaufman. It has 13 employees, 10 of them in advisory roles.
Leadership
- Wesley KaufmanManaging Director/Chief Compliance Officer
- Stephen ClarkeManaging Director
- Benjamin GurleyManaging Director
- Edwin MartinManaging Director
Staff
- 13 employees
- 10 in advisory functions
- 10 state-registered reps
- 1 broker-dealer rep
- 1 insurance agent
- Owns 25% to 50% of Heartwood Wealth Advisors, LLC
E. Sidney Martin LLC
since January 2019
- Owns 75% or more of E. Sidney Martin LLC
Edwin Martin
Control person · since January 2013
- Owns 25% to 50% of Heartwood Wealth Advisors, LLC
Stephen T. Clarke LLC
since January 2019
- Owns 75% or more of Stephen T. Clarke LLC
Stephen Clarke
Control person · since January 2013
- Owns 10% to 25% of Heartwood Wealth Advisors, LLC
Benjamin Gurley
since January 2019
- Owns 10% to 25% of Heartwood Wealth Advisors, LLC
Wesley B. Kaufman LLC
since January 2019
- Owns 75% or more of Wesley B. Kaufman LLC
Wesley Kaufman
Control person · since January 2013
Heartwood Wealth Advisors’ regulatory assets grew 1.8× from $881M (March 2021) to $1.55B (April 2026); clients rose from 429 to 574 and employees from 9 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $1.55B | 574 | 13 | 1 |
| May 2025 | $1.3B | 541 | 13 | 1 |
| February 2024 | $1.13B | 528 | 13 | 1 |
| February 2023 | $983M | 520 | 13 | 1 |
| February 2022 | $1.01B | 477 | 11 | 1 |
| March 2021 | $881M | 429 | 9 | 1 |
Besides its headquarters, Heartwood Wealth Advisors has 0 offices, with 1 listed address in Virginia.
Virginia · 1 listed address
- 9020 Stony Point Parkway, Suite 325, RichmondHQ
Contact and registration details
- Legal name
- Heartwood Wealth Advisors, LLC
- Headquarters
- 9020 Stony Point Parkway, Suite 325, Richmond, VA 23235
- Website
- heartwoodva.com
- Phone
- 804-269-8711
- SEC file
- 801-114721
- Founded
- 2013
- Structure
- Virginia LLC
- Fiscal year end
- December
Heartwood Wealth Advisors has custody of client assets.
At year end, Heartwood Wealth Advisors’ separately managed accounts were mostly in stocks (61%) and funds (29%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.29B across 227 positions; the largest are Vanguard Large-cap ETF (10.1%), Vanguard Small-cap ETF (9.0%) and Vanguard FTSE Developed Markets ETF (4.8%).
What the accounts hold
- Stocks61%
- Funds29%
- Cash10%
Reported 13F holdings
- $1.29B
- Reported 13F value
- 227
- Positions
- 48.2%
- In the 10 largest
- +12.3%
- Value vs. prior quarter
- Vanguard Large-cap ETFETF10.1%
- Vanguard Small-cap ETFETF9.0%
- Vanguard FTSE Developed Markets ETFETF4.8%
- Schwab Emerging Markets Equity ETFETF4.3%
- Vanguard Russell 1000 ETFETF4.0%
- Vanguard Mid-cap ETFETF3.9%
- Invesco S&P Ultra Dividend Revenue ETFETF3.4%
- Vanguard High Dividend Yield Index ETFETF3.4%
- iShares S&P Small-cap 600 Growth ETFETF2.7%
- iShares S&P Small-cap 600 Value ETFETF2.6%
Together, the ten largest are 48.2% of reported value.
How many clients does Heartwood Wealth Advisors have?
Heartwood Wealth Advisors has 574 clients and manages $1.55 billion for them, as of April 2026. They include 566 high-net-worth individuals, 6 pension and profit-sharing plans, and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026
What services does Heartwood Wealth Advisors offer?
Heartwood Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, educational seminars, estate planning, insurance, philanthropic planning, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Heartwood Wealth Advisors charge?
Heartwood Wealth Advisors charges up to 1.50% a year for its Portfolio Management Service Fees. The fee is billed in advance.
How many financial advisors does Heartwood Wealth Advisors have?
Heartwood Wealth Advisors has 10 investment adviser representatives registered with state securities authorities, out of 13 employees, and 10 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Heartwood Wealth Advisors invest in?
At the end of its last fiscal year, Heartwood Wealth Advisors’ separately managed accounts held 61% exchange-traded equities, 29% registered funds (mutual funds, ETFs, BDCs) and 10% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Heartwood Wealth Advisors?
Heartwood Wealth Advisors is owned through holding companies by Edwin Martin, Wesley Kaufman and Stephen Clarke. Its direct owners are Benjamin Gurley, E. Sidney Martin LLC, Stephen T. Clarke LLC and Wesley B. Kaufman LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 April 2026
How does Heartwood Wealth Advisors get paid?
Heartwood Wealth 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
Is Heartwood Wealth Advisors registered with the SEC?
Yes, Heartwood Wealth Advisors has been registered with the SEC as an investment adviser since 21 February 2019. Its CRD number is 300273 and its SEC file number is 801-114721.
Source: Form ADV Part 1A, Item 1, filed 30 April 2026; IAPD firm record
How do I contact Heartwood Wealth Advisors?
Heartwood Wealth Advisors’ main office is at 9020 Stony Point Parkway, Suite 325, Richmond, VA 23235. Its phone number is 804-269-8711. Its website is heartwoodva.com.