# Heartwood Wealth Advisors

Heartwood Wealth Advisors is a Bank / Wealth / Trust based in Richmond, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** Richmond, VA, United States
- **Founded:** 2013
- **Assets under management:** $1.5B
- **Website:** heartwoodva.com
- **LinkedIn:** https://www.linkedin.com/company/heartwood-wealth-advisors

## Regulatory record

- **CRD number:** 300273
- **SEC file number:** 801-114721
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-30T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/300273

## About

Founded in Richmond in 2013, Heartwood Wealth Advisors has built its practice around a fiduciary standard, registered with the SEC to serve individuals, families, and small businesses. The firm emerged outside major financial centers, giving it a distinctly regional client base that it serves with a combination of asset management and comprehensive financial planning. Heartwood manages client assets on a discretionary basis, constructing equity and fixed-income portfolios with a tilt toward long-term, tax-aware strategies suited to wealth preservation. The firm also advises on retirement income planning and estate considerations, a necessity for its core clientele of business owners and professionals. The firm's scale is modest and undisclosed, with no team size or asset totals released publicly. It maintains its sole location in Richmond and has not launched adjacent vehicles, philanthropic foundations, or club-based investment networks. In May 2024, the firm continued to operate through its primary advisory entity, reflecting a stable, single-office footprint. Structurally, Heartwood differs from larger wirehouse teams by embedding financial planning into every advisory relationship rather than treating it as a secondary service. The firm's small, centralized structure means clients work directly with decision-makers, a contrast to the layered relationship management typical of national wealth managers.

## Questions

### What asset classes does Heartwood allocate to?

Based on the firm's discretionary portfolio management service and RIA registration, investments are concentrated in publicly traded equities and fixed-income instruments, with allocations tailored to individual client goals. There is no public evidence of direct private market investing, co-investment activity, or alternative-asset mandates.

### Is Heartwood a fiduciary?

Yes. As an SEC-registered investment adviser, Heartwood operates under a fiduciary duty to act in its clients' best interests. This separates it from broker-dealer models, where the suitability standard applies.

### Does Heartwood disclose its assets under management?

No. Heartwood has not publicly filed an AUM number or cited a figure through any regulatory disclosure beyond what is required in its Form ADV, which remains unpublished in accessible databases.

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Last updated: 2026-08-11T02:43:31.692Z

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