Heritage Equity Management LLC (Fort Pierce)

Heritage Equity Management LLC is a large advisory firm based in Fort Pierce. It manages $126.08 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Florida.

Heritage Equity Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Heritage Equity Management: assets under management

The assets under management (AUM) of Heritage Equity Management LLC is $126.08 million, all of which is managed in discretionary accounts. $126.08 million of the total AUM is attributable to clients outside of the United States.

The firm manages $126.08 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $126.08 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Heritage Equity Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Heritage Equity Management serves?

The only and largest group of clients of Heritage Equity Management is other investment advisers with 0 clients and $126.08 million of assets under management. Among the 6 most similar advisory firms, Heritage Equity Management has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $126.08 million for 0 clients. None of the firm’s clients are foreign persons or businesses.

Heritage Equity Management doesn't advise any private funds.

Careers at Heritage Equity Management LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank Arthur Lardino	Cco	1 Jul 2017	Other	4104690
Gregory Jon Mancuso	Ceo	1 Jul 2017	75% - 100%	5681691

Based in Fort Pierce

The principal office where Heritage Equity Management LLC performs its advisory services is located at 4005 A1 A Hwy #3, Fort Pierce, FL 34949, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 954-304-4708. The normal business hours are by appointment only on Monday - Friday.