Wallace Hart provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and insurance. Financial planning was provided to 1–10 clients last fiscal year. The firm advises 1 private fund.
Wallace Hart reports 230 clients. They include 138 individual clients, 89 high-net-worth individuals and 2 pooled investment vehicles. Of its assets, 98.8% ($261M across 820 accounts) are managed with discretion; $3.2M across 53 accounts are not. Of its clients, 1% are outside the U.S. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 20% |
| High-net-worth individuals | 39% | 72% |
| Pooled investment vehicles | <1% | 7% |
| Pension and profit-sharing plans | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 138 | $52.8M | 20.0% | $383K |
| High-net-worth individuals | 89 | $189M | 71.7% | $2.13M |
| Pooled investment vehicles | 2 | $17.5M | 6.6% | $8.76M |
| Pension and profit-sharing plans | 1 | $4.31M | 1.6% | $4.31M |
| Total | 230 | $264M | 100% | $1.15M |
- Clients
- 138
- Regulatory AUM
- $52.8M
- AUM share
- 20.0%
- Avg. per client
- $383K
- Clients
- 89
- Regulatory AUM
- $189M
- AUM share
- 71.7%
- Avg. per client
- $2.13M
- Clients
- 2
- Regulatory AUM
- $17.5M
- AUM share
- 6.6%
- Avg. per client
- $8.76M
- Clients
- 1
- Regulatory AUM
- $4.31M
- AUM share
- 1.6%
- Avg. per client
- $4.31M
Total
- Clients
- 230
- Regulatory AUM
- $264M
- AUM share
- 100%
- Avg. per client
- $1.15M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 1–10
Wallace Hart is paid through a percentage of assets under management and performance-based 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
- Stand-alone Financial Planning
- Stand-alone financial planning fees are negotiated at engagement and are normally based on the scope of the engagement.
Bourne Wallace, LLC owns 50% to 75% of Wallace Hart and is in turn owned by Jeremy Wallace (75% or more). The leadership team of Wallace Hart includes Chief Investment Officer Jeremy Wallace and Chief Compliance Officer Jessica Bedell. It has 5 employees, 3 of them in advisory roles.
Staff
- 5 employees
- 3 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Wallace Hart LLC
Bourne Wallace, LLC
Control person · since July 2019
- Owns 75% or more of Bourne Wallace, LLC
Jeremy Wallace
Control person · since June 2019
- Owns 25% to 50% of Wallace Hart LLC
Hart Consulting, LLC
Control person · since July 2019
- Owns 75% or more of Hart Consulting, LLC
Michael Hart
Control person · since June 2019
Wallace Hart’s regulatory assets grew from $215M (March 2021) to $264M (March 2026); clients rose from 186 to 230 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $264M | 230 | 5 | 1 |
| Jul 2025July 2025 | $256M | 225 | 6 | 2 |
| Mar 2024March 2024 | $234M | 213 | 5 | 1 |
| Mar 2023March 2023 | $215M | 213 | 3 | 1 |
| Mar 2022March 2022 | $242M | 200 | 5 | 1 |
| Mar 2021March 2021 | $215M | 186 | 5 | 1 |
Besides its headquarters, Wallace Hart has 0 offices, with 1 listed address in 1 state.
Kentucky · 1 listed address
- 1792 Alysheba Way, Suite 390, LexingtonHQ
Contact and registration details
- Legal name
- Wallace Hart LLC
- Headquarters
- 1792 Alysheba Way, Suite 390, Lexington, KY 40509
- Website
- wallacehart.com
- Phone
- 859-300-3030
- @wallacehart
- SEC file
- 801-108930
- Founded
- 2016
- Structure
- Kentucky LLC
- Fiscal year end
- December
Wallace Hart’s named custodian for separately managed accounts is Raymond James ($215M). Wallace Hart has custody of client assets.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersberg, FL · $215M100%
At year end, Wallace Hart’s separately managed accounts were mostly in funds (60%) and cash (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $160M across 45 positions; the largest are Invesco Qqq TR (35.0%), State Str SPDR S&P 500 ETF T (30.9%) and Texas Pacific Land Corporati (3.3%).
What the accounts hold
- Stocks14%
- Funds60%
- Registered funds54%
- Pooled vehicles6%
- Cash26%
How many clients does Wallace Hart have?
Wallace Hart has 230 clients and manages $264 million for them, as of March 2026. They include 138 individual clients, 89 high-net-worth individuals and 2 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Wallace Hart offer?
Wallace Hart provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Wallace Hart use?
Wallace Hart’s separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersberg, FL), with $215M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Wallace Hart have?
Wallace Hart has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 Wallace Hart invest in?
At the end of its last fiscal year, Wallace Hart’s separately managed accounts held 54% registered funds (mutual funds, ETFs, BDCs), 26% cash and equivalents, 14% exchange-traded equities and 6% pooled vehicles (private funds and similar). 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
Who owns Wallace Hart?
Wallace Hart is owned through holding companies by Jeremy Wallace and Michael Hart. Its direct owners are Bourne Wallace, LLC (50% to 75%) and Hart Consulting, LLC (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Wallace Hart get paid?
Wallace Hart is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions 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 Wallace Hart?
Wallace Hart’s main office is at 1792 Alysheba Way, Suite 390, Lexington, KY 40509. Its phone number is 859-300-3030. Its website is wallacehart.com.