Clients
Highland Consulting Associates serves 167 clients, 39 of them high-net-worth individuals. The average client has about $131 million with the firm, and high-net-worth clients hold 1% of its $21.9 billion in assets.
- Pension and profit-sharing plans97 clients90%
- Charitable organizations18 clients7%
- OtherIndividuals, High-net-worth individuals, Insurance companies, Corporations and other businesses3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 5 | $3,277,149 | 0.0% | $655K |
| High-net-worth individuals | 39 | $309,451,515 | 1.4% | $7.93M |
| Pension and profit-sharing plans | 97 | $19,713,924,812 | 89.9% | $203.2M |
| Charitable organizations | 18 | $1,537,538,372 | 7.0% | $85.4M |
| Insurance companies | 1 | $10,489,083 | 0.0% | $10.5M |
| Corporations and other businesses | 7 | $355,280,907 | 1.6% | $50.8M |
| Total | 167 | $21,929,961,838 | 100% | $131.3M |
- Clients
- 5
- Regulatory AUM
- $3,277,149
- Share
- 0.0%
- Avg. per client
- $655K
- Clients
- 39
- Regulatory AUM
- $309,451,515
- Share
- 1.4%
- Avg. per client
- $7.93M
- Clients
- 97
- Regulatory AUM
- $19,713,924,812
- Share
- 89.9%
- Avg. per client
- $203.2M
- Clients
- 18
- Regulatory AUM
- $1,537,538,372
- Share
- 7.0%
- Avg. per client
- $85.4M
- Clients
- 1
- Regulatory AUM
- $10,489,083
- Share
- 0.0%
- Avg. per client
- $10.5M
- Clients
- 7
- Regulatory AUM
- $355,280,907
- Share
- 1.6%
- Avg. per client
- $50.8M
Total
- Clients
- 167
- Regulatory AUM
- $21,929,961,838
- Share
- 100%
- Avg. per client
- $131.3M
What it does
Highland Consulting Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers and educational seminars. It is paid through a percentage of assets, hourly charges and fixed fees.
Highland Consulting Associates provided financial planning to 11–25 clients last fiscal year and advises no private funds.
2.8% of assets ($609.0M across 56 accounts) are managed with discretion; $21.32B across 412 accounts are not. 0% of clients are outside the U.S., and 4 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds91%
- Registered funds60%
- Pooled vehicles31%
- Cash2%
- Other7%
- Separate accounts7%
Custodians
Highland Consulting Associates’ client accounts are held mainly at Fidelity, with 38% of managed assets, and Vanguard Group [malvern, Pa], with 11%. Highland Consulting Associates does not have custody of client assets.
- FidelityFidelity Management Trust Company · Boston, MA · $8.32B38%
- Vanguard Group [malvern, Pa]Vanguard Group [malvern, Pa] · Malvern, PA · $2.36B11%
- All other custodians$11.25B51%
Ownership and leadership
Highland Consulting Associates Inc Employee Stock Ownership Plan owns 75% or more of Highland Consulting Associates.
- Owns 75% or more of Highland Consulting Associates Inc.
Highland Consulting Associates Inc Employee Stock Ownership Plan
Control person · since January 2009
Mark Mills
Trustee (esop) · Control person · since October 2023
Leadership
- Richard VeresPresident
- Michael GraterChief Compliance Officer
Staff
- 28 employees
- 17 in advisory functions
- 2 state-registered reps
Fees
Highland Consulting Associates is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).
Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Highland Consulting Associates has 0 offices, with 1 listed address in 1 state.
Ohio · 1 listed address
- 159 Crocker Park BLVD., Suite 350, ClevelandHQ
Registration details
- Legal name
- Highland Consulting Associates Inc.
- Headquarters
- 159 Crocker Park BLVD., Suite 350, Cleveland, OH 44145-8132
- Phone
- 440-808-1500
- Website
- Not reported
- SEC file
- 801-46040
- Structure
- Ohio corporation
- Fiscal year end
- December
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 Highland Consulting Associates have?
Highland Consulting Associates has 167 clients and manages $21.9 billion for them, as of March 2026. They include 97 pension and profit-sharing plans, 39 high-net-worth individuals and 18 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 March 2026
What services does Highland Consulting Associates offer?
Highland Consulting Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Highland Consulting Associates use?
Highland Consulting Associates’ separately managed account assets are held at Fidelity Management Trust Company (Boston, MA), with $8,323,716,491 and Vanguard Group [malvern, Pa] (Malvern, PA), with $2,357,436,610. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 March 2026
How many financial advisors does Highland Consulting Associates have?
Highland Consulting Associates has 2 investment adviser representatives registered with state securities authorities, out of 28 employees, and 17 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 Highland Consulting Associates invest in?
At the end of its last fiscal year, Highland Consulting Associates’ separately managed accounts held 60% registered funds (mutual funds, ETFs, BDCs), 31% pooled vehicles (private funds and similar), 7% separate accounts and 2% 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 Highland Consulting Associates?
Highland Consulting Associates’ direct owner is Highland Consulting Associates Inc Employee Stock Ownership Plan (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 18 March 2026
How does Highland Consulting Associates get paid?
Highland Consulting Associates 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