{"url":"https://nivawealth.com/firms/heronetta-management-157307","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/157307","regulatoryAum":253627326,"crd":"157307","history":[{"filedOn":"2021-03-24","regulatoryAum":215693682,"clients":29,"employees":6,"offices":1},{"filedOn":"2022-04-28","regulatoryAum":245728946,"clients":28,"employees":5,"offices":1},{"filedOn":"2023-03-24","regulatoryAum":271076891,"clients":31,"employees":5,"offices":1},{"filedOn":"2024-03-22","regulatoryAum":265835137,"clients":30,"employees":5,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":324063202,"clients":30,"employees":5,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":253627326,"clients":28,"employees":5,"offices":1}],"secFileNumber":"801-73652","legalName":"Heronetta Management, L.P.","displayName":"Heronetta Management","slug":"heronetta-management-157307","website":"https://heronmgmt.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"654 Madison Avenue, Suite 1505","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10065"},"tradeNames":[],"registration":{"secApproved":"30 March 2012","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":6050679.074074074,"staff":{"employees":5,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":253627326,"discretionary":253627326,"discretionaryAccounts":28,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":27,"regulatoryAum":163368335},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":90258991}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T09:37:47.709131+00:00","documents":[{"name":"HERONETTA FORM ADV PART 2A BROCHURE 03-31-2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036965","versionId":1036965,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Morgan Stanley","shortName":"Morgan Stanley","location":"New York, NY","smaAssets":85899282},{"name":"UBS","shortName":"UBS","location":"New York, NY","smaAssets":49850834},{"name":"J.P. Morgan","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":11278738}],"custodyNote":"Heronetta Management has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Jeffrey Scott","title":"Chief Compliance Officer","crd":"4483240"},{"name":"Henry Breck","title":"Managing Partner","crd":"29504"},{"name":"Owen Breck","title":"Partner","crd":"6453656"}],"ownership":[{"label":"Henry Breck","detail":"Managing partner in the 75% or more ownership band and a control person, since December 2007. Also a managing member of Heronetta Management, LLC in the 75% or more band and a control person, since January 2008."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"654 Madison Avenue, Suite 1505","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-601-5333","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":99},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":1},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/157307/PDF/157307.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036965","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Heronetta Management have?","answer":"Heronetta Management has 28 clients and manages $254 million for them, as of March 2026. They include 27 high-net-worth individuals and 1 pooled investment vehicle.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Heronetta Management offer?","answer":"Heronetta Management provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Heronetta Management use?","answer":"Heronetta Management’s separately managed account assets are held at Morgan Stanley (New York, NY), with $85.9M, UBS (New York, NY), with $49.9M and J.P. Morgan (New York, NY), with $11.3M. 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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Heronetta Management have?","answer":"Heronetta Management has 0 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Heronetta Management invest in?","answer":"At the end of its last fiscal year, Heronetta Management’s separately managed accounts held 99% exchange-traded equities and 1% cash and equivalents. It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Heronetta Management?","answer":"Heronetta Management’s direct owner is Henry Breck (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Heronetta Management get paid?","answer":"Heronetta Management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Heronetta Management?","answer":"Heronetta Management’s main office is at 654 Madison Avenue, Suite 1505, New York, NY 10065. Its phone number is 212-601-5333. Its website is heronmgmt.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/heronetta-management-157307/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-28","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1588225/000092242326000018/0000922423-26-000018-index.html","totalValue":108933129,"positionCount":15,"top10Share":0.9654964928070688,"top10":[{"issuer":"WILLIAMS COS INC","titleOfClass":"COM","cusip":"969457100","value":18689225,"shares":251402,"shareType":"SH","priorValue":18297038,"priorShares":251402},{"issuer":"MPLX LP","titleOfClass":"COM UNIT REP LTD","cusip":"55336V100","value":18253117,"shares":324039,"shareType":"SH","priorValue":18492906,"priorShares":324039},{"issuer":"ENTERPRISE PRODS PARTNERS L","titleOfClass":"COM","cusip":"293792107","value":18197964,"shares":495048,"shareType":"SH","priorValue":18732616,"priorShares":495048},{"issuer":"ENERGY TRANSFER L P","titleOfClass":"COM UT LTD PTN","cusip":"29273V100","value":15281258,"shares":799229,"shareType":"SH","priorValue":15425120,"priorShares":799229},{"issuer":"ONEOK INC NEW","titleOfClass":"COM","cusip":"682680103","value":12241326,"shares":140802,"shareType":"SH","priorValue":12727093,"priorShares":140802},{"issuer":"WESTERN MIDSTREAM PARTNERS L","titleOfClass":"COM UNIT LP INT","cusip":"958669103","value":9030357,"shares":206361,"shareType":"SH","priorValue":8495882,"priorShares":206361},{"issuer":"PLAINS GP HLDGS L P","titleOfClass":"LTD PARTNR INT A","cusip":"72651A207","value":4393477,"shares":181025,"shareType":"SH","priorValue":4395287,"priorShares":181025},{"issuer":"HESS MIDSTREAM LP","titleOfClass":"CL A SHS","cusip":"428103105","value":3478188,"shares":92505,"shareType":"SH","priorValue":3595669,"priorShares":92505},{"issuer":"KINDER MORGAN INC DEL","titleOfClass":"COM","cusip":"49456B101","value":2836538,"shares":88725,"shareType":"SH","priorValue":2974949,"priorShares":88725},{"issuer":"TARGA RES CORP","titleOfClass":"COM","cusip":"87612G101","value":2773104,"shares":10342,"shareType":"SH","priorValue":2593050,"priorShares":10342}],"positionsListed":15,"positions":[{"issuer":"WILLIAMS COS INC","titleOfClass":"COM","cusip":"969457100","value":18689225,"shares":251402,"shareType":"SH","priorValue":18297038,"priorShares":251402},{"issuer":"MPLX LP","titleOfClass":"COM UNIT REP LTD","cusip":"55336V100","value":18253117,"shares":324039,"shareType":"SH","priorValue":18492906,"priorShares":324039},{"issuer":"ENTERPRISE PRODS PARTNERS L","titleOfClass":"COM","cusip":"293792107","value":18197964,"shares":495048,"shareType":"SH","priorValue":18732616,"priorShares":495048},{"issuer":"ENERGY TRANSFER L P","titleOfClass":"COM UT LTD PTN","cusip":"29273V100","value":15281258,"shares":799229,"shareType":"SH","priorValue":15425120,"priorShares":799229},{"issuer":"ONEOK INC NEW","titleOfClass":"COM","cusip":"682680103","value":12241326,"shares":140802,"shareType":"SH","priorValue":12727093,"priorShares":140802},{"issuer":"WESTERN MIDSTREAM PARTNERS L","titleOfClass":"COM UNIT LP INT","cusip":"958669103","value":9030357,"shares":206361,"shareType":"SH","priorValue":8495882,"priorShares":206361},{"issuer":"PLAINS GP HLDGS L P","titleOfClass":"LTD PARTNR INT A","cusip":"72651A207","value":4393477,"shares":181025,"shareType":"SH","priorValue":4395287,"priorShares":181025},{"issuer":"HESS MIDSTREAM LP","titleOfClass":"CL A SHS","cusip":"428103105","value":3478188,"shares":92505,"shareType":"SH","priorValue":3595669,"priorShares":92505},{"issuer":"KINDER MORGAN INC DEL","titleOfClass":"COM","cusip":"49456B101","value":2836538,"shares":88725,"shareType":"SH","priorValue":2974949,"priorShares":88725},{"issuer":"TARGA RES CORP","titleOfClass":"COM","cusip":"87612G101","value":2773104,"shares":10342,"shareType":"SH","priorValue":2593050,"priorShares":10342},{"issuer":"CHENIERE ENERGY INC","titleOfClass":"COM NEW","cusip":"16411R208","value":931422,"shares":3897,"shareType":"SH","priorValue":708549,"priorShares":2497},{"issuer":"ENBRIDGE INC","titleOfClass":"COM","cusip":"29250N105","value":840634,"shares":15507,"shareType":"SH","priorValue":839549,"priorShares":15507},{"issuer":"PEMBINA PIPELINE CORP","titleOfClass":"COM","cusip":"706327103","value":818533,"shares":17698,"shareType":"SH","priorValue":792162,"priorShares":17698},{"issuer":"TC ENERGY CORP","titleOfClass":"COM","cusip":"87807B107","value":783283,"shares":11816,"shareType":"SH","priorValue":739682,"priorShares":11816},{"issuer":"ANTERO MIDSTREAM CORP","titleOfClass":"COM","cusip":"03676B102","value":384703,"shares":16910,"shareType":"SH","priorValue":385548,"priorShares":16910}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}