Stonehearth Capital Management provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Stonehearth Capital Management reports 490 clients. They include 359 individual clients and 131 high-net-worth individuals. Of its assets, 100.0% ($425M across 1,338 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $318M. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 38% |
| High-net-worth individuals | 27% | 62% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 359 | $163M | 38.2% | $453K |
| High-net-worth individuals | 131 | $263M | 61.8% | $2.01M |
| Total | 490 | $425M | 100% | $868K |
- Clients
- 359
- Regulatory AUM
- $163M
- AUM share
- 38.2%
- Avg. per client
- $453K
- Clients
- 131
- Regulatory AUM
- $263M
- AUM share
- 61.8%
- Avg. per client
- $2.01M
Total
- Clients
- 490
- Regulatory AUM
- $425M
- AUM share
- 100%
- Avg. per client
- $868K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Stonehearth Capital Management charges 0.25%–1.25% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$250K | 1.25% |
| $250K–$1M | 1.00% |
| $1M–$3M | 0.75% |
| $3M–$5M | 0.50% |
| $5M and above | 0.25% |
Fee details and sources
Other fees
- Financial Planning and Consulting
- A flat fee of $5,000 covers financial planning and consulting; hourly fees of $500 may apply to planning.
Jamie Upson owns 75% or more of Stonehearth Capital Management. The leadership team of Stonehearth Capital Management includes President Jamie Upson and Chief Investment Officer Christopher Gauthier. It has 8 employees, 5 of them in advisory roles.
Staff
- 8 employees
- 5 in advisory functions
- 5 state-registered reps
- 1 insurance agent
- Owns 75% or more of Stonehearth Capital Management LLC
Jamie Upson
Control person · since January 2017
Stonehearth Capital Management’s regulatory assets grew 1.6× from $262M (June 2021) to $425M (March 2026); clients rose from 417 to 490 and employees from 7 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $425M | 490 | 8 | 1 |
| Feb 2025February 2025 | $387M | 509 | 7 | 1 |
| Jul 2024July 2024 | $325M | 499 | 7 | 1 |
| May 2023May 2023 | $286M | 473 | 7 | 1 |
| Mar 2022March 2022 | $311M | 432 | 7 | 1 |
| Jun 2021June 2021 | $262M | 417 | 7 | 1 |
Besides its headquarters, Stonehearth Capital Management has 0 offices, with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 100 Conifer Hill Drive, Ste 105, DanversHQ
Contact and registration details
- Legal name
- Stonehearth Capital Management LLC
- Headquarters
- 100 Conifer Hill Drive, Ste 105, Danvers, MA 01923
- Website
- stonehearthcapital.com
- Phone
- 978-624-3000
- @stonehearth-capital-management
- SEC file
- 801-67868
- Founded
- 1982
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Stonehearth Capital Management’s named custodian for separately managed accounts is Charles Schwab ($425M). Stonehearth Capital Management has custody of $90.4M for 141 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $425M100%
At year end, Stonehearth Capital Management’s separately managed accounts were mostly in funds (83%). Its reported 13F holdings for the quarter ended 30 June 2026 total $293M across 94 positions; the largest are iShares TR (13.7%), Schwab Strategic TR (10.5%) and iShares TR (9.3%).
What the accounts hold
- Stocks6%
- Funds83%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash4%
- Other4%
- Annuities4%
How many clients does Stonehearth Capital Management have?
Stonehearth Capital Management has 490 clients and manages $425 million for them, as of March 2026. They include 359 individual clients and 131 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 7 March 2026
What services does Stonehearth Capital Management offer?
Stonehearth Capital Management provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Stonehearth Capital Management charge?
Stonehearth Capital Management charges 0.25%–1.25% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: STONEHEARTH CAPITAL MANAGEMENT ADV PART 2A, filed 19 October 2026
Which custodians does Stonehearth Capital Management use?
Stonehearth Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $425M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 March 2026
How many financial advisors does Stonehearth Capital Management have?
Stonehearth Capital Management has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Stonehearth Capital Management invest in?
At the end of its last fiscal year, Stonehearth Capital Management’s separately managed accounts held 83% registered funds (mutual funds, ETFs, BDCs), 6% exchange-traded equities, 4% cash and equivalents, 4% other, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds. The 4% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Stonehearth Capital Management?
Stonehearth Capital Management’s direct owner is Jamie Upson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 7 March 2026
How does Stonehearth Capital Management get paid?
Stonehearth Capital Management is paid through a percentage of assets under management and hourly charges. 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
How do I contact Stonehearth Capital Management?
Stonehearth Capital Management’s main office is at 100 Conifer Hill Drive, Ste 105, Danvers, MA 01923. Its phone number is 978-624-3000. Its website is stonehearthcapital.com.
