Heritage Wealth Management grew its AUM by 53% to $327 M

July 12, 2023

Heritage Wealth Management, Inc. (HWM) is an investment advisory firm in California, majorly owned by the Jordan and Jessica Gibbs Family Trust. Led by President and CEO Jordan Gibbs, the firm serves a diverse range of clients, including individuals, small businesses, and institutional entities.

HWM provides advice on a broad spectrum of investment instruments, offers financial planning and portfolio management services, and recommends independent third-party advisers for some portfolio management. Additionally, the firm manages pooled investment vehicles, offers sub-advisory services, and private placement insurance programs.

In the Form ADV filings from March 2022 to July 2023, Heritage Wealth Management, Inc. saw key changes. The firm's total accounts rose from 861 to 940, while the employee count slightly decreased from 10 to 9. Most significantly, the total Assets Under Management (AUM) experienced a 53.57% increase, escalating from $213.1 million to $327.3 million. 

In recent executive changes, Jordan Lamarr Gibbs was appointed President and direct owner of Heritage Wealth Management, Inc. on August 5, 2022. Furthermore, Gregory Ryan Davis and Jason Alexander Campbell joined the team as Partner and Chief Investment Officer, respectively, on March 3, 2023.

The firm's private fund, Heritage Private Opportunities Portfolio LP, has also undergone several modifications. The roles of Prime Brokers, Marketers, and Custodians experienced changes. TD Ameritrade, Inc., initially added as the Custodian on October 19, 2021, was later replaced by Pershing LLC on March 3, 2023. On the same day, StoneX Financial Inc. was integrated as the Prime Broker, and Britehorn Securities was enlisted as the Marketer.


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