DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Emerald Advisers, LLC

Institutional managerLeola, PennsylvaniaCRD 107496SEC 801-40263websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Nov 22, 2011 · 27 filings
SEC status approved since Nov 25, 1991
RAUM
$3.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$1.1B
derived; firm RAUM over IAPD count
Employees
35
17 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$3.3B as of Mar 31, 2026
Dec 19, 2011$1.0B then
HNW client RAUM$2.3M as of Mar 27, 2020
Dec 19, 2017$4.5M then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Jan 3, 20133 then
Employees (5.A)35 as of Mar 31, 2026
Jan 3, 201332 then
Private funds: no history
RAUM +26% over the last fiscal year+16% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
$1.1BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$76.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
93%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
11.7derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$2.1B62%
  • Pension and profit-sharing plans$749M23%
  • Pooled investment vehicles$245M7.4%
  • Insurance companies$157M4.8%
  • Charitable organizations$91.5M2.8%
  • Corporations and businesses$208,1280.0%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
8reported
Charitable clients
n/areported
Accounts
43reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.07 institutional_share=0.93 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Kenneth George MertzLancaster, PaOct 19, 199233 y0
Stacey Lynn SearsLancaster, PaJan 3, 200231 y0
Joseph Wayne GarnerLancaster, PaAug 26, 200232 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • George Kenneth Mertz · Chief Executive Officer, President And Directorcontrol
        since 10/1992 · owns less than 5%
      • Webster Daniel Moyer · Executive Vice Presidentcontrol
        since 09/2002 · owns less than 5%
      • Lynn Stacey Sears · Senior Vice President And Directorcontrol
        since 03/2001 · owns less than 5%
      • Albert Charles Brizius · Member/Managercontrol
        since 06/2016 · owns F of 1251 Capital Group Holdings, LLC
      • Thomas John Hailer · Member/Managercontrol
        since 01/2018 · owns 50% to 75% of 1251 Capital Group Holdings, LLC
      • Christopher Maguire · Membercontrol
        since 07/2016 · owns F of 1251 Capital Group Holdings, LLC
      • Webster Daniel Moyer · Trusteecontrol
        since 09/2012 · owns F of Emerald Asset Management Employee Stock Ownership Trust
      • Lambert Scott Rehr · Trusteecontrol
        since 02/2024 · owns F of Emerald Asset Management Employee Stock Ownership Trust
      • Willard Paul Ware · Trusteecontrol
        since 09/2012 · owns F of Emerald Asset Management Employee Stock Ownership Trust
      • Arthur Ross Michael Wilson · Membercontrol
        since 07/2016 · owns F of 1251 Capital Group Holdings, LLC
      • Andrew James Meehan · Chief Compliance Officer
        since 08/2002 · owns less than 5%
      Entity owners
      • Emerald Asset Management Pa, LLC · Direct Owner
        direct · owns 75% or more
      • 1251 Capital Group Holdings, LLC · Shareholder
        indirect · owns F of 1251 Capital Group, Inc.
      • 1251 Capital Group, Inc. · Managing Member
        indirect · owns 75% or more of 1251 Financing Company, LLC
      • 1251 Financing Company, LLC · Member
        indirect · owns 75% or more of Diffractive Managers Group Payco, LLC
      • Diffractive Managers Group Payco, LLC · Member
        indirect · owns 75% or more of F/M Managers Group, LLC
      • Emerald Asset Management Employee Stock Ownership Trust · Member
        indirect · owns 75% or more of Emerald Asset Management, Inc.
      • Emerald Asset Management, Inc. · Member
        indirect · owns 25% to 50% of Emerald Asset Management Pa, LLC
      • F/M Managers Group, LLC · Member
        indirect · owns 50% to 75% of Emerald Asset Management Pa, LLC
      Related persons
      Schedule D 7.A
      Advisers that list Emerald Advisers, LLC as a related person
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Lancaster, Pa300
      Offices
      Schedule D 1.F, the 25 largest
      • King Of Prussia, PA2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 46 to 43
        Mar 28, 2025 to Mar 31, 2026
      • Discretionary RAUM · $2.6B to $3.3B
        Mar 28, 2025 to Mar 31, 2026
      • Pension RAUM · $719M to $749M
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $175M to $245M
        Mar 28, 2025 to Mar 31, 2026
      • RAUM · $2.6B to $3.3B
        Mar 28, 2025 to Mar 31, 2026
      • Accounts · 50 to 46
        Mar 29, 2024 to Mar 28, 2025
      • Pension plan clients · 7 to 8
        Mar 29, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 28, 2025
      • Discretionary RAUM · $2.4B to $2.6B
        Mar 29, 2024 to Mar 28, 2025
      • Individual RAUM · 218561.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Pension RAUM · $664M to $719M
        Mar 29, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $144M to $175M
        Mar 29, 2024 to Mar 28, 2025
      • RAUM · $2.4B to $2.6B
        Mar 29, 2024 to Mar 28, 2025
      • Related broker-dealer · true to false
        Mar 29, 2024 to Mar 28, 2025
      • Accounts · 47 to 50
        Dec 20, 2023 to Mar 29, 2024
      • Discretionary RAUM · $2.1B to $2.4B
        Dec 20, 2023 to Mar 29, 2024
      • Individual RAUM · unset to 218561.0
        Dec 20, 2023 to Mar 29, 2024
      • Pension RAUM · $612M to $664M
        Dec 20, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $143M to $144M
        Dec 20, 2023 to Mar 29, 2024
      • RAUM · $2.1B to $2.4B
        Dec 20, 2023 to Mar 29, 2024
      • Related broker-dealer · false to true
        Apr 14, 2023 to Dec 20, 2023
      • Accounts · 45 to 47
        Mar 30, 2022 to Mar 31, 2023
      • Pension plan clients · 9 to 7
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle clients · unset to 1.0
        Mar 30, 2022 to Mar 31, 2023
      • Other offices · 2 to 1
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $2.8B to $2.1B
        Mar 30, 2022 to Mar 31, 2023
      • Pension RAUM · $804M to $612M
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · unset to 143155655.0
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $2.8B to $2.1B
        Mar 30, 2022 to Mar 31, 2023
      • Accounts · 42 to 45
        Mar 30, 2021 to Mar 30, 2022
      • Discretionary RAUM · $3.1B to $2.8B
        Mar 30, 2021 to Mar 30, 2022
      • Pension RAUM · $815M to $804M
        Mar 30, 2021 to Mar 30, 2022
      • RAUM · $3.1B to $2.8B
        Mar 30, 2021 to Mar 30, 2022
      • Accounts · 44 to 42
        Sep 4, 2020 to Mar 30, 2021
      • Discretionary RAUM · $2.3B to $3.1B
        Sep 4, 2020 to Mar 30, 2021
      • HNW RAUM · 874143.0 to unset
        Sep 4, 2020 to Mar 30, 2021
      • Pension RAUM · $583M to $815M
        Sep 4, 2020 to Mar 30, 2021
      • RAUM · $2.3B to $3.1B
        Sep 4, 2020 to Mar 30, 2021
      • Discretionary RAUM · $2.4B to $2.3B
        Mar 27, 2020 to Jun 30, 2020
      • HNW RAUM · $2.3M to $874,143
        Mar 27, 2020 to Jun 30, 2020
      Signals
      6 dated events
      • Emerald Advisers, Llc reported RAUM $3.3B, up 26% from $2.6B (2025-03-28 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Lambert Scott Rehr (Trustee) appeared on Schedule A of Emerald Advisers, Llc
        Mar 29, 2024 · Control person joined · fact
      • Edward Joseph Besecker (Trustee) no longer on Schedule A of Emerald Advisers, Llc (listed 2023-12-20, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • Lambert Scott Rehr (Chief Operating Officer) no longer on Schedule A of Emerald Advisers, Llc (listed 2022-03-30, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Emerald Advisers, Llc reported RAUM $3.1B, up 35% from $2.3B (2020-09-04 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • Emerald Advisers Inc reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Aug 6, 2018 · Succession (Item 4) · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Business phone
      800-722-4123reportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      855-828-9909reportedpublished by the firm, firm site, Sep 16, 2026
      Website
      TEAMEMERALD.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      717-396-1116reportedpublic record, Form ADV, Mar 31, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $1.1Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026