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Heritage Investors Management Corp

Heritage Investors Management Corp. CRD 110420

Heritage Investors Management Corp logo

CRD: 110420

Heritage Investors Management Corp

$4.6B Total AUM
$4.6B Disc. AUM
-- 3Y CAGR
22 Employees
762 ADV. Clients
51 yrs Firm Age

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Firm Details

Custodian
--
Clients
Retail and Institutional
Established Date
02-26-1975
Office Locations
1

Office Locations

7101 Wisconsin Avenue Suite 950 Bethesda MD

About Heritage Investors Management Corp

Heritage Investors is a Bethesda, MD SEC-registered adviser founded in 1975, providing personalized portfolio management plus financial/wealth planning for families and individuals as well as institutional clients. The firm emphasizes asset allocation and risk management, with portfolios largely implemented via ETFs alongside municipal and other fixed income.

Reported data analysis

What the numbers show

Between July 17, 2025 and March 30, 2026, reported AUM increased 10.8%, from $4.2B to $4.6B.

Across 5 reported observations, AUM increased 28.1% between March 30, 2022 and March 30, 2026, from $3.6B to $4.6B.

Of the latest reported AUM, 99.8% is discretionary and 0.2% is non-discretionary.

The firm reports 8 advisory representatives and 762 clients, or 95.3 clients per representative. That equates to $6.1M in reported AUM per client.

The profile lists 1 reported office location and 51 years in operation. The source data was last updated on August 6, 2026. Figures reflect reported regulatory data and may not include subsequent changes.

Team overview

48 AVG AGE
$579.1M AVG AUM / ADVISOR
$6.1M AVG AUM / CLIENT
13.4 yrs AVG TENURE
22 Employees
8 Advisory Reps
8 RIA Reps
51yrs Firm Age

Additional firm insights

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Available data coverage

  • Asset Classes
  • Client Personas
  • Custodian
  • Investment Themes
  • Investment Vehicles
  • Platform
  • Services
  • Technology

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Owner & Executives

MICHAEL STEWART CORNFELD

MICHAEL STEWART CORNFELD

President, Vice President

CRD
#1783964
Ownership
75% or more
S

Sophia Colas

Chief Compliance Officer

CRD
--
Ownership
Less than 5%

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Contacts

B

BRIAN MICHAEL CURTIN

Vice President

CRD
#5399503
CRAIG L LUKIN

CRAIG L LUKIN

Portfolio Manager

CRD
#2033282

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Assets Under Management

Total AUM
Discretionary
Non-Discretionary
03-30-2022
07-10-2023
03-25-2024
07-17-2025
03-30-2026
Category Assets AVG. Account size
Discretionary $4,621,394,995 $3,156,691
Non-Discretionary $11,138,446 $11,138,446
Total $4,632,533,441 $3,162,139

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Separately Managed Accounts

SMA allocation detail is available

Heritage Investors Management Corp has reported separately managed account data across 5 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.

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13F Holdings | Q2 2026

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Heritage Investors Management Corp's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.

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