Palisades Hudson Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and pension consulting. Financial planning was provided to 101–250 clients last fiscal year. The firm advises 3 private funds.
Palisades Hudson Asset Management reports 151 clients. They include 96 high-net-worth individuals, 42 individual clients, and 10 corporations and other businesses. Of its assets, 41.9% ($771M across 146 accounts) are managed with discretion; $1.07B across 25 accounts are not. Of its clients, 4% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 28% | <1% |
| High-net-worth individuals | 64% | 65% |
| Pooled investment vehicles | 2% | <1% |
| Corporations and other businesses | 7% | 33% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 42 | $17.6M | 1.0% | $420K |
| High-net-worth individuals | 96 | $1.2B | 65.4% | $12.5M |
| Pooled investment vehicles | 3 | $5.9M | 0.3% | $1.97M |
| Corporations and other businesses | 10 | $613M | 33.3% | $61.3M |
| Total | 151 | $1.84B | 100% | $12.2M |
- Clients
- 42
- Regulatory AUM
- $17.6M
- AUM share
- 1.0%
- Avg. per client
- $420K
- Clients
- 96
- Regulatory AUM
- $1.2B
- AUM share
- 65.4%
- Avg. per client
- $12.5M
- Clients
- 3
- Regulatory AUM
- $5.9M
- AUM share
- 0.3%
- Avg. per client
- $1.97M
- Clients
- 10
- Regulatory AUM
- $613M
- AUM share
- 33.3%
- Avg. per client
- $61.3M
Total
- Clients
- 151
- Regulatory AUM
- $1.84B
- AUM share
- 100%
- Avg. per client
- $12.2M
- Clients outside the U.S.
- 4%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 3
- Financial planning clients last fiscal year
- 101–250
Palisades Hudson Asset Management is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting
- Consulting fees are negotiated with each client in advance, have no standard schedule, and are typically due before services are rendered.
Larry M. Elkin Living Trust owns 75% or more of Palisades Hudson Asset Management and is in turn owned by Larry Elkin (75% or more). The leadership team of Palisades Hudson Asset Management includes President Larry Elkin, Chief Investment Officer Benjamin Sullivan and Chief Compliance Officer Lesley Oberstadt. It has 14 employees.
Leadership
- Larry ElkinPresident of General Partner
- Paul JacobsManaging Vice President
- Eric MeermannSenior Vice President
- Benjamin SullivanChief Investment Officer/Vice President
- David WaltersSenior Vice President
- Lesley OberstadtChief Compliance Officer
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Brianna Taylor Aviles
- Larry Michael Elkin
- Paul Benjamin Jacobs
- Melinda Catherine Kibler
- Eric Anthony Meermann
- Benjamin Casey Sullivan
- Thomas E Walsh
- David Patrick Walters
Staff
- 14 employees
- 14 in advisory functions
- 7 state-registered reps
- Owns 75% or more of Palisades Hudson Asset Management, L.P.
Larry M. Elkin Living Trust
Control person · since November 2004
- Owns 75% or more of Larry M. Elkin Living Trust
Larry Elkin
Control person · since November 2001
Linda Elkin
Trustee · Control person · since November 2001
Palisades Hudson Asset Management’s regulatory assets grew from $1.31B (April 2021) to $1.84B (March 2026); clients were 151 in both filings and employees fell from 17 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.84B | 151 | 14 | 6 |
| July 2025 | $1.66B | 154 | 16 | 6 |
| April 2024 | $1.49B | 158 | 18 | 6 |
| August 2023 | $1.38B | 153 | 18 | 6 |
| March 2022 | $1.5B | 145 | 16 | 6 |
| April 2021 | $1.31B | 148 | 17 | 6 |
Besides its headquarters, Palisades Hudson Asset Management has 5 offices, with 6 listed addresses across 5 states.
Florida · 2 listed addresses
- 200 SW First Avenue, Suite 800, Fort LauderdaleHQ
- 201 S Biscayne Boulevard, Miami
Connecticut · 1 listed address
- 300 First Stamford Place, Stamford
Georgia · 1 listed address
- 3340 Peachtree Road Ne, Atlanta
Oregon · 1 listed address
- 1915 Ne Stucki Avenue, Hillsboro
Texas · 1 listed address
- 9442 North Capital of Texas Highway, Plaza One, Austin
Contact and registration details
- Legal name
- Palisades Hudson Asset Management, L.P.
- Headquarters
- 200 SW First Avenue, Suite 800, Fort Lauderdale, FL 33301
- Website
- palisadeshudson.com
- Phone
- 954-524-5552
- SEC file
- 801-55677
- Structure
- Delaware limited partnership
- Fiscal year end
- December
Palisades Hudson Asset Management uses Charles Schwab ($644M, 46%), Goldman Sachs & Co. ($429M, 30%) and Fidelity ($340M, 24%) as custodians for its separately managed accounts. Palisades Hudson Asset Management has custody of $232M in client assets for 30 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $644M46%
- FidelityNational Financial Services LLC · Boston, MA · $340M24%
- Goldman Sachs & Co.Goldman Sachs & Co. LLC · New York, NY · $429M30%
At year end, Palisades Hudson Asset Management’s separately managed accounts were largely in stocks (45%) and funds (38%). Its reported 13F holdings for the quarter ended 30 June 2026 total $286K across 108 positions; the largest are iShares Tr (13.1%), Vanguard Index Fds (7.6%) and SPDR S&P 500 ETF Tr (7.4%).
What the accounts hold
- Stocks45%
- Funds38%
- Registered funds31%
- Pooled vehicles7%
- Bonds11%
- State and local bonds9%
- U.S. government and agency bonds2%
- Cash5%
- Other1%
- Other consists of life insurance investments and loans issued by clients that are managed as part of the clients' fixed-income allocations, as well as real estate investment properties.1%
Reported 13F holdings
- $286K
- Reported 13F value
- 108
- Positions
- 58.8%
- In the 10 largest
- +11.4%
- Value vs. prior quarter
- iShares Tr · SP Smcp600vl ETF13.1%
- Vanguard Index Fds · Total Stk Mkt7.6%
- SPDR S&P 500 ETF Tr · TR Unit7.4%
- iShares Tr · SP Smcp600gr ETF6.0%
- iShares Tr · Core S&P 500 ETF5.6%
- iShares Tr · Core S&P Scp ETF5.0%
- iShares Tr · Core MSCI Euro3.9%
- iShares Tr · MSCI AC Asia ETF3.5%
- iShares · MSCI Japan ETF3.5%
- JP Morgan Exchange Traded Fund · Betbuld Japan3.2%
Together, the ten largest are 58.8% of reported value.
How many clients does Palisades Hudson Asset Management have?
Palisades Hudson Asset Management has 151 clients and manages $1.84 billion for them, as of March 2026. They include 96 high-net-worth individuals, 42 individual clients, and 10 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 March 2026
What services does Palisades Hudson Asset Management offer?
Palisades Hudson Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Palisades Hudson Asset Management use?
Palisades Hudson Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $644M, Goldman Sachs & Co. LLC (New York, NY), with $429M and National Financial Services LLC (Boston, MA), with $340M. 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 Palisades Hudson Asset Management have?
Palisades Hudson Asset Management has 7 investment adviser representatives registered with state securities authorities, out of 14 employees, and 14 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 Palisades Hudson Asset Management invest in?
At the end of its last fiscal year, Palisades Hudson Asset Management’s separately managed accounts held 45% exchange-traded equities, 31% registered funds (mutual funds, ETFs, BDCs), 9% state and local bonds, 7% pooled vehicles (private funds and similar), 5% cash and equivalents, 2% U.S. government and agency bonds and 1% other. The 1% other category is described as: Other Consists of Life Insurance Investments and Loans Issued by Clients That Are Managed As Part of the Clients' Fixed-Income Allocations, As Well As Real Estate Investment Properties. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Palisades Hudson Asset Management?
Palisades Hudson Asset Management is owned through a trust by Larry Elkin. Its direct owner is Larry M. Elkin Living Trust (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 18 March 2026
How does Palisades Hudson Asset Management get paid?
Palisades Hudson Asset Management is paid through a percentage of assets under management 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 Palisades Hudson Asset Management registered with the SEC?
Yes, Palisades Hudson Asset Management has been registered with the SEC as an investment adviser since 29 June 1998. Its CRD number is 109134 and its SEC file number is 801-55677.
Source: Form ADV Part 1A, Item 1, filed 18 March 2026; IAPD firm record
How do I contact Palisades Hudson Asset Management?
Palisades Hudson Asset Management’s main office is at 200 SW First Avenue, Suite 800, Fort Lauderdale, FL 33301. Its phone number is 954-524-5552. Its website is palisadeshudson.com.