Henry H. Armstrong Associates provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 51–100 clients last fiscal year.
Henry H. Armstrong Associates reports 141 clients. They include 113 high-net-worth individuals and 28 individual clients. Of its assets, 100.0% ($1.23B across 530 accounts) are managed with discretion. Of its clients, 4% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 20% | <1% |
| High-net-worth individuals | 80% | 98% |
| Charitable organizations | Fewer than 5 | <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 |
|---|---|---|---|---|
| Individuals (other than HNW) | 28 | $11.3M | 0.9% | $404K |
| High-net-worth individuals | 113 | $1.21B | 98.1% | $10.7M |
| Charitable organizations | Fewer than 5 | $11.9M | 1.0% | — |
| Total | 141 | $1.23B | 100% | — |
- Clients
- 28
- Regulatory AUM
- $11.3M
- AUM share
- 0.9%
- Avg. per client
- $404K
- Clients
- 113
- Regulatory AUM
- $1.21B
- AUM share
- 98.1%
- Avg. per client
- $10.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $11.9M
- AUM share
- 1.0%
- Avg. per client
- —
Total
- Clients
- 141
- Regulatory AUM
- $1.23B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 4%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Henry H. Armstrong Associates charges 0.70%–1.00% a year for its Standard fee schedule. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable, has a $20,000 annual minimum and requires an account of at least $2,000,000.
| Asset band | Annual rate |
|---|---|
| $0–$5M | 1.00% |
| $5M–$10M | 0.90% |
| $10M–$15M | 0.80% |
| $15M and above | 0.70% |
Fee details and sources
James Armstrong owns 75% or more of Henry H. Armstrong Associates. The leadership team of Henry H. Armstrong Associates includes President James Armstrong and Chief Compliance Officer Peter Eberhart. It has 5 employees, 3 of them in advisory roles.
Leadership
- James ArmstrongPresident
- Adam SchollSenior Vice President
- Peter EberhartManaging Director / Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- James McKay Armstrong MR.
- Peter D Eberhart
- Adam P Scholl
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Henry H. Armstrong Associates, Inc.
James Armstrong
Control person · since January 1998
Henry H. Armstrong Associates’ regulatory assets grew from $857M (April 2021) to $1.23B (March 2026); clients were 141 in both filings and employees were 5 in both filings. In 2020, C.S. McKee joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.23B | 141 | 5 | 1 |
| February 2025 | $1.14B | 139 | 5 | 1 |
| February 2024 | $1.06B | 146 | 5 | 1 |
| March 2023 | $903M | 142 | 5 | 1 |
| July 2022 | $1.06B | 144 | 5 | 1 |
| April 2021 | $857M | 142 | 5 | 1 |
Firms that joined
20201 joined
- C.S. McKeeNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Henry H. Armstrong Associates has 0 offices, with 1 listed address in Pennsylvania.
Pennsylvania · 1 listed address
- One Gateway Center, 420 FT. Duquesne BLVD, Ste 1425, PittsburghHQ
Contact and registration details
- Legal name
- Henry H. Armstrong Associates, Inc.
- Headquarters
- One Gateway Center, 420 FT. Duquesne BLVD, Ste 1425, Pittsburgh, PA 15222
- Website
- henryarmstrong.com
- Phone
- 412-471-1551
- SEC file
- 801-19548
- Structure
- Pennsylvania corporation
- Fiscal year end
- December
Henry H. Armstrong Associates uses Fidelity ($610M, 54%) and Charles Schwab ($526M, 46%) as custodians for its separately managed accounts. Henry H. Armstrong Associates has custody of $528M in client assets for 67 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $526M46%
- FidelityNational Financial Services LLC · Boston, MA · $610M54%
At year end, Henry H. Armstrong Associates’ separately managed accounts were mostly in stocks (88%).
What the accounts hold
- Stocks88%
- Funds2%
- Registered funds1%
- Pooled vehicles1%
- Bonds3%
- Cash7%
How many clients does Henry H. Armstrong Associates have?
Henry H. Armstrong Associates has 141 clients and manages $1.23 billion for them, as of March 2026. They include 113 high-net-worth individuals and 28 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Henry H. Armstrong Associates offer?
Henry H. Armstrong Associates provides financial planning, 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
How much does Henry H. Armstrong Associates charge?
Henry H. Armstrong Associates charges 0.70%–1.00% a year for its Standard fee schedule. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable, has a $20,000 annual minimum and requires an account of at least $2,000,000.
Which custodians does Henry H. Armstrong Associates use?
Henry H. Armstrong Associates’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $610M and Charles Schwab & Co., Inc. (Orlando, FL), with $526M. 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 Henry H. Armstrong Associates have?
Henry H. Armstrong Associates has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Henry H. Armstrong Associates invest in?
At the end of its last fiscal year, Henry H. Armstrong Associates’ separately managed accounts held 88% exchange-traded equities, 7% cash and equivalents, 3% U.S. government and agency bonds, 1% registered funds (mutual funds, ETFs, BDCs) and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Henry H. Armstrong Associates have a minimum investment?
Yes, Henry H. Armstrong Associates’ minimum account size for its Standard fee schedule is $2M. It charges a $20K annual minimum fee.
Who owns Henry H. Armstrong Associates?
Henry H. Armstrong Associates’ direct owner is James Armstrong (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Henry H. Armstrong Associates get paid?
Henry H. Armstrong Associates is paid through a percentage of assets under management. 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 Henry H. Armstrong Associates registered with the SEC?
Yes, Henry H. Armstrong Associates has been registered with the SEC as an investment adviser since 29 July 1983. Its CRD number is 105510 and its SEC file number is 801-19548.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact Henry H. Armstrong Associates?
Henry H. Armstrong Associates’ main office is at One Gateway Center, 420 FT. Duquesne BLVD, Ste 1425, Pittsburgh, PA 15222. Its phone number is 412-471-1551. Its website is henryarmstrong.com.