{"url":"https://nivawealth.com/firms/highland-consulting-associates-109834","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/109834","regulatoryAum":21929961838,"crd":"109834","secFileNumber":"801-46040","legalName":"Highland Consulting Associates Inc.","displayName":"Highland Consulting Associates","website":null,"linkedinUrl":"https://www.linkedin.com/company/highland-consulting-associates-inc-","founded":null,"organization":"Ohio corporation","fiscalYearEnd":"December","headquarters":{"street":"159 Crocker Park BLVD., Suite 350","city":"Cleveland","state":"OH","stateName":"Ohio","country":"United States","postalCode":"44145-8132"},"tradeNames":[],"registration":{"secApproved":"18 March 1994","noticeFilings":7,"latestNoticeFiling":"18 March 2026","inventory":{"sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_FIRM_SEC_Feed_10_15_2026.xml.gz","sourceAsOf":"2026-10-15","retrievedAt":"2026-10-16T03:16:53.781384+00:00","noticeFilings":[{"status":"Notice Filed","jurisdiction":"Florida","effectiveDate":"2024-03-18"},{"status":"Notice Filed","jurisdiction":"Indiana","effectiveDate":"2026-03-18"},{"status":"Notice Filed","jurisdiction":"Kentucky","effectiveDate":"2026-03-18"},{"status":"Notice Filed","jurisdiction":"Michigan","effectiveDate":"2022-12-06"},{"status":"Notice Filed","jurisdiction":"Ohio","effectiveDate":"2003-03-31"},{"status":"Notice Filed","jurisdiction":"Pennsylvania","effectiveDate":"2011-06-29"},{"status":"Notice Filed","jurisdiction":"Texas","effectiveDate":"2013-04-01"}],"registrationStatus":[{"status":"Approved","jurisdiction":"SEC","effectiveDate":"1994-03-18"}]}},"staff":{"employees":28,"advisory":17,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":608960943,"discretionaryAccounts":56,"nonDiscretionary":21321000895,"nonDiscretionaryAccounts":412,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":4},"clientTypes":[{"label":"Individuals (other than HNW)","clients":5,"regulatoryAum":3277149},{"label":"High-net-worth individuals","clients":39,"regulatoryAum":309451515},{"label":"Pension and profit-sharing plans","clients":97,"regulatoryAum":19713924812},{"label":"Charitable organizations","clients":18,"regulatoryAum":1537538372},{"label":"Insurance companies","clients":1,"fewerThan5":true,"regulatoryAum":10489083},{"label":"Corporations and other businesses","clients":7,"regulatoryAum":355280907}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Fidelity Management Trust Company","shortName":"Fidelity","location":"Boston, MA","smaAssets":8323716491},{"name":"Vanguard Group [malvern, Pa]","shortName":"Vanguard Group [malvern, Pa]","location":"Malvern, PA","smaAssets":2357436610}],"custodyNote":"Highland Consulting Associates does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Richard Veres","title":"President","crd":"1344302"},{"name":"Michael Grater","title":"Chief Compliance Officer","crd":"8063909"}],"ownership":[{"label":"Highland Consulting Associates Inc Employee Stock Ownership Plan","detail":"Employee stock ownership plan in the 75% or more ownership band and a control person, since January 2009."},{"label":"Mark Mills","detail":"Indirect owner: trustee (esop) of Highland Consulting Associates Inc Employee Stock Ownership Plan and a control person, since October 2023.","parent":"Highland Consulting Associates Inc Employee Stock Ownership Plan"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"159 Crocker Park BLVD., Suite 350","city":"Cleveland","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"440-808-1500","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"11-25","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":60},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":31},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":7,"detail":"Separate Accounts"}],"privateFunds":0},"sources":{"adv1FilingDate":"18 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/109834/PDF/109834.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Highland Consulting Associates have?","answer":"Highland Consulting Associates has at least 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Highland Consulting Associates offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Highland Consulting Associates use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Highland Consulting Associates have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Highland Consulting Associates invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Highland Consulting Associates?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Highland Consulting Associates get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth 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."}