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
Hennion & Walsh Asset Management, Inc.
Latest filing Aug 31, 2026
First filing on the tape Jan 10, 2012 · 39 filings
SEC status approved since May 2, 2003
RAUM
$769M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
94%
$723M individuals and HNW
Advisors
71
registered through the firm on IAPD
RAUM per advisor
$10.8M
derived; firm RAUM over IAPD count
Employees
75
11 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$769M as of Aug 31, 2026
Jan 10, 2012$104M then
HNW client RAUM$334M as of Aug 31, 2026
Mar 28, 2018$72.9M then
State-registered IARs (5.B.3)55 as of Aug 31, 2026
Jan 3, 20130 then
Employees (5.A)75 as of Aug 31, 2026
Jan 3, 201350 then
Private funds: no history
RAUM +63% over the last fiscal year+27% a year over threeIARs 65 to 55
Practice profile
derived from the filing of Aug 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $10.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 15derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $422,201derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 5.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 35.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +63%derivedbetween the last two annual amendments
- Advisor growth, one year
- -15%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +53%derived
- Compensation
- percentage of assets, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $715MreportedItem 5.I
- 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
- is a broker-dealer (6.A.1)
- is an insurance broker or agent (6.A.6)
- 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- a related person acts as qualified custodian (9.D.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$389M51%
- High-net-worth individuals$334M44%
- Charitable organizations$32.1M4.2%
- Pension and profit-sharing plans$10.0M1.3%
- Corporations and businesses$3.5M0.4%
- Individual clients
- 940reported
- HNW clients
- 147reported
- Pension plan clients
- n/areported
- Charitable clients
- 6reported
- Accounts
- 1,821reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- $24.4M sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, commissionsreported
- Class basis
- private_client_share=0.94 fund_share=0.0 institutional_share=0.05 related_bd=true related_bank=false bd_reps=55.0derived
Advisors registered through the firm
71 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kevin Douglas Mahn | Parsippany, Nj | Feb 2, 2006 | 22 y | 1 |
| David Darcangelo | Parsippany, Nj | May 1, 2007 | 34 y | 1 |
| William Hennion | Parsippany, Nj | Jul 20, 2007 | 36 y | 0 |
| Lauren Christine Frahn | Parsippany, Nj | Aug 27, 2007 | 24 y | 0 |
| Joseph Ismael Rodriguez | Parsippany, Nj | Aug 29, 2007 | 28 y | 0 |
| Gregg Henry Heller | Parsippany, Nj | Sep 5, 2007 | 31 y | 0 |
| John Vincent Wallace | Parsippany, Nj | Sep 6, 2007 | 28 y | 0 |
| Patrick Timothy Walsh | Parsippany, Nj | Oct 10, 2007 | 32 y | 0 |
| Stephen George Kowalski | Parsippany, Nj | Nov 6, 2007 | 36 y | 0 |
| Eoin Patrick Monahan | Parsippany, Nj | Nov 23, 2007 | 33 y | 1 |
| James Stanley Mackenzie | Parsippany, Nj | Nov 23, 2007 | 28 y | 2 |
| Richard Peter Hveem | Parsippany, Nj | Nov 27, 2007 | 33 y | 0 |
| Joshua James Edwards | Parsippany, Nj | Feb 8, 2008 | 25 y | 0 |
| Brian Christopher Rieman | Parsippany, Nj | Feb 11, 2008 | 25 y | 0 |
| Allen Crosby Fassett | Parsippany, Nj | Feb 19, 2008 | 36 y | 0 |
| Vijay Leventhal | Parsippany, Nj | Feb 22, 2008 | 21 y | 0 |
| Matthew Paul Panek | Parsippany, Nj | Jul 1, 2008 | 27 y | 0 |
| Rachel Cabiltes Leventhal | Parsippany, Nj | Jul 14, 2008 | 25 y | 0 |
| John Dimitrious Tsoukalas | Parsippany, Nj | Mar 8, 2010 | 27 y | 0 |
| Kunal H PatelCertified Financial Planner | Parsippany, Nj | Dec 21, 2010 | 16 y | 0 |
| Henry James Szawlowski | Parsippany, Nj | Dec 21, 2010 | 17 y | 0 |
| Stephanie Anne Roche | Parsippany, Nj | Dec 21, 2010 | 17 y | 0 |
| Stephen James Zarubnicky | Parsippany, Nj | Feb 25, 2011 | 16 y | 1 |
| Sean Michael Logue | Parsippany, Nj | Oct 5, 2011 | 29 y | 0 |
| Brian J Pendleton | Parsippany, Nj | Jul 12, 2012 | 14 y | 1 |
| Patrick Michael Stanton | Parsippany, Nj | Jan 5, 2015 | 27 y | 0 |
| Marc S Strafaci | Parsippany, Nj | Mar 25, 2015 | 18 y | 0 |
| Ryan Matthew Schoeffield | Parsippany, Nj | May 2, 2016 | 12 y | 0 |
| Mamode Abdullah Oozeerally | Parsippany, Nj | May 12, 2016 | 26 y | 0 |
| Frank Michael Imbriaco | Parsippany, Nj | Jul 28, 2016 | 21 y | 0 |
| Stephen K Mensah Jr | Parsippany, Nj | Jul 28, 2016 | 14 y | 0 |
| Zachary William Walsh | Parsippany, Nj | Aug 4, 2016 | 13 y | 0 |
| Kyle Andrew Joyce | Parsippany, Nj | Aug 4, 2016 | 15 y | 0 |
| Frank Brady Jr | Parsippany, Nj | Aug 4, 2016 | 15 y | 0 |
| William Andrew Wainwright | Parsippany, Nj | Aug 10, 2016 | 18 y | 0 |
| Timothy Peter Ciraulo | Boca Raton, Fl | Sep 1, 2016 | 40 y | 3 |
| Mark Anthony Czaja | Parsippany, Nj | Sep 1, 2016 | 42 y | 3 |
| Christopher Ray Mastrangelo | Parsippany, Nj | Nov 15, 2016 | 13 y | 0 |
| Sean J Mcelduff | Parsippany, Nj | Jun 20, 2018 | 18 y | 0 |
| Justin Taejun Yoon | Parsippany, Nj | Jun 20, 2018 | 27 y | 0 |
Advisor movement
4 left, 3 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 5.6% of current headcount7 left over 36 months
Left, latest
- Javier A. Tovar to J.P. Morgan Securities LLCJun 18, 2026 · Affiliated broker-dealer or bank to wirehouse
- Justin Plante to Fisher InvestmentsApr 17, 2026 · Affiliated broker-dealer or bank to independent RIA
- Josiann Strafaci to Strategic Advisers LLCApr 6, 2026 · Affiliated broker-dealer or bank to another
- Scott Marshall Steele to Advice And Planning ServicesOct 21, 2025 · Affiliated broker-dealer or bank to another
- Daniel Mendoza to UBS Financial Services Inc.Jun 9, 2025 · Affiliated broker-dealer or bank to wirehouse
- David Andrew Pitt to Beacon TrustApr 24, 2025 · Affiliated broker-dealer or bank to independent RIA
- Kevin Kowalczyk to Cumberland AdvisorsJan 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- Steven T Hynson to Merrill Lynch, Pierce, Fenner & Smith IncorporatedMay 8, 2023 · Affiliated broker-dealer or bank to wirehouse
- Richard G Jaeger to Advisors Asset Management, Inc.Mar 3, 2023 · Other
- Charles Jon Strlekar to Advice And Planning ServicesJan 24, 2023 · Affiliated broker-dealer or bank to another
- Daniel Joseph Drollinger to J.P. Morgan Securities LLCDec 20, 2022 · Affiliated broker-dealer or bank to wirehouse
- Ian A Lovegrove to J.P. Morgan Private Wealth Advisors LLCMay 6, 2022 · Affiliated broker-dealer or bank to another
- Robert T Eckrote to Blackrock Investment Management, LLCJun 15, 2021 · Other
- Philip Carroll to Charles Schwab & Co., Inc.May 26, 2021 · Affiliated broker-dealer or bank to another
- Thomas P Higgins to Advisors Asset Management, Inc.Oct 23, 2020 · Other
Joined, latest
- Steven Joseph Cook from LPL Enterprise, LLCMay 1, 2026 · Affiliated broker-dealer or bank to another
- Steven Tyler Frerichs from Garden State Investment Advisory Services, LLCFeb 3, 2026 · RIA to affiliated broker-dealer or bank
- Isabella Ciresi from Equitable Advisors, LLCJan 8, 2026 · Affiliated broker-dealer or bank to another
- Nicholas G Giamarino from Wells Fargo AdvisorsApr 25, 2025 · Wirehouse to affiliated broker-dealer or bank
- Scott Marshall Steele from Cetera Investment Advisers LLCJan 29, 2025 · Affiliated broker-dealer or bank to another
- Jeffrey Howard Shornick from Wells Fargo AdvisorsJul 25, 2024 · Wirehouse to affiliated broker-dealer or bank
- Robert Ionescu from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 23, 2021 · Wirehouse to affiliated broker-dealer or bank
- David Andrew Pitt from Securian Financial Services, Inc.Apr 22, 2021 · Affiliated broker-dealer or bank to another
- Philip Carroll from Edelman Financial EnginesMar 18, 2021 · RIA to affiliated broker-dealer or bank
- Kevin Kowalczyk from Proshare Advisors LLCNov 4, 2020 · Other
- Matthew Borden Wolcott from Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 26, 2019 · Wirehouse to affiliated broker-dealer or bank
- Christo Terzidis from Primerica AdvisorsSep 20, 2019 · Affiliated broker-dealer or bank to another
- Justin Plante from Nuveen Asset Management, LLCSep 20, 2019 · RIA to affiliated broker-dealer or bank
- Cal Jason Smith from Advisors Asset Management, Inc.Oct 25, 2018 · RIA to affiliated broker-dealer or bank
- Thomas P Higgins from Guggenheim InvestmentsMar 22, 2018 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Phillip Fitzsimmons · Chief Compliance Officercontrolsince 02/2019 · owns less than 5%
- Richard Hennion · Ownercontrolsince 11/1989 · owns 50% to 75%
- Douglas Kevin Mahn · Presidentcontrolsince 03/2011 · owns less than 5%
- Walter William Walsh · Ownercontrolsince 11/1989 · owns 50% to 75%
Related persons
Schedule D 7.A
- Hennion & Walsh Wealth Advisorsreal estaten
- Hennion & Walsh, Inc.broker-dealercustodiann
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Parsippany, Nj · principal | 71 | 6 | 4 | ||
| Boca Raton, Fl | 4 | 1 | 0 | ||
| Agoura Hills, Ca | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Boca Raton, FL3 employees
What changed
consecutive filings, newest first
- Accounts · 1,423 to 1,821Jan 7, 2026 to Mar 30, 2026
- Charity clients · 5 to 6Jan 7, 2026 to Mar 30, 2026
- Corporate clients · 5 to 6Jan 7, 2026 to Mar 30, 2026
- HNW clients · 100 to 147Jan 7, 2026 to Mar 30, 2026
- Individual clients · 751 to 940Jan 7, 2026 to Mar 30, 2026
- Financial planning clients · 101-250 to 51-100Jan 7, 2026 to Mar 30, 2026
- Discretionary RAUM · $566M to $742MJan 7, 2026 to Mar 30, 2026
- HNW RAUM · $267M to $334MJan 7, 2026 to Mar 30, 2026
- Individual RAUM · $280M to $389MJan 7, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $24.1M to $27.1MJan 7, 2026 to Mar 30, 2026
- Pension RAUM · $8.6M to $10.0MJan 7, 2026 to Mar 30, 2026
- RAUM · $590M to $769MJan 7, 2026 to Mar 30, 2026
- Wrap assets (sponsor) · $24.1M to $24.4MJan 7, 2026 to Mar 30, 2026
- Financial planning clients · 101-250 to 101-250May 1, 2025 to Jul 31, 2025
- Accounts · 1,178 to 1,423Mar 5, 2025 to May 1, 2025
- Advisory employees · 7 to 11Mar 5, 2025 to May 1, 2025
- BD registered reps · 65 to 55Mar 5, 2025 to May 1, 2025
- Charity clients · 4 to 5Mar 5, 2025 to May 1, 2025
- Corporate clients · 6 to 5Mar 5, 2025 to May 1, 2025
- HNW clients · 87 to 100Mar 5, 2025 to May 1, 2025
- Individual clients · 623 to 751Mar 5, 2025 to May 1, 2025
- Pension plan clients · 2.0 to unsetMar 5, 2025 to May 1, 2025
- Employees · 70 to 75Mar 5, 2025 to May 1, 2025
- Financial planning clients · 51-100 to 101-250Mar 5, 2025 to May 1, 2025
- State-registered IARs · 65 to 55Mar 5, 2025 to May 1, 2025
- Discretionary RAUM · $453M to $566MMar 5, 2025 to May 1, 2025
- HNW RAUM · $222M to $267MMar 5, 2025 to May 1, 2025
- Individual RAUM · $211M to $280MMar 5, 2025 to May 1, 2025
- Non-discretionary RAUM · $20.0M to $24.1MMar 5, 2025 to May 1, 2025
- Pension RAUM · $7.8M to $8.6MMar 5, 2025 to May 1, 2025
- RAUM · $473M to $590MMar 5, 2025 to May 1, 2025
- Wrap assets (sponsor) · $20.0M to $24.1MMar 5, 2025 to May 1, 2025
- Accounts · 1,056 to 1,178Jan 31, 2024 to Mar 27, 2024
- Charity clients · 5 to 4Jan 31, 2024 to Mar 27, 2024
- Corporate clients · 7 to 6Jan 31, 2024 to Mar 27, 2024
- HNW clients · 122 to 87Jan 31, 2024 to Mar 27, 2024
- Individual clients · 667 to 623Jan 31, 2024 to Mar 27, 2024
- Pension plan clients · 12 to 2Jan 31, 2024 to Mar 27, 2024
- Discretionary RAUM · $363M to $453MJan 31, 2024 to Mar 27, 2024
- HNW RAUM · $202M to $222MJan 31, 2024 to Mar 27, 2024
Signals
21 dated events
- Javier A. Tovar left Hennion & Walsh Asset Management, Inc. for J.P. Morgan Securities Llc (registered 2026-07-02)Jun 18, 2026 · Advisor changed firm · fact
- Justin Plante left Hennion & Walsh Asset Management, Inc. for Fisher Investments (registered 2026-04-21)Apr 17, 2026 · Advisor changed firm · fact
- Josiann Strafaci left Hennion & Walsh Asset Management, Inc. for Strategic Advisers Llc (registered 2026-04-29)Apr 6, 2026 · Advisor changed firm · fact
- Hennion & Walsh Asset Management, Inc. reported RAUM $768.8M, up 30% from $590.1M (2026-01-07 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- Scott Marshall Steele left Hennion & Walsh Asset Management, Inc. for Advice And Planning Services (registered 2025-11-10)Oct 21, 2025 · Advisor changed firm · fact
- Daniel Mendoza left Hennion & Walsh Asset Management, Inc. for Ubs Financial Services Inc. (registered 2025-08-21)Jun 9, 2025 · Advisor changed firm · fact
- David Andrew Pitt left Hennion & Walsh Asset Management, Inc. for Beacon Trust (registered 2025-05-13)Apr 24, 2025 · Advisor changed firm · fact
- Kevin Kowalczyk left Hennion & Walsh Asset Management, Inc. for Cumberland Advisors (registered 2025-09-23)Jan 2, 2025 · Advisor changed firm · fact
- Steven T Hynson left Hennion & Walsh Asset Management, Inc. for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2023-05-02)May 8, 2023 · Advisor changed firm · fact
- Richard G Jaeger left Hennion & Walsh Asset Management, Inc. for Advisors Asset Management, Inc. (registered 2023-03-01)Mar 3, 2023 · Advisor changed firm · fact
- Charles Jon Strlekar left Hennion & Walsh Asset Management, Inc. for Advice And Planning Services (registered 2023-02-16)Jan 24, 2023 · Advisor changed firm · fact
- Daniel Joseph Drollinger left Hennion & Walsh Asset Management, Inc. for J.P. Morgan Securities Llc (registered 2023-07-10)Dec 20, 2022 · Advisor changed firm · fact
- Ian A Lovegrove left Hennion & Walsh Asset Management, Inc. for J.P. Morgan Private Wealth Advisors Llc (registered 2022-04-29)May 6, 2022 · Advisor changed firm · fact
- Hennion & Walsh Asset Management, Inc. reported RAUM $424.2M, up 34% from $315.6M (2021-09-03 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Ann Deborah Hoffmann (Chief Financial Officer) no longer on Schedule A of Hennion & Walsh Asset Management, Inc. (listed 2021-09-03, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- Hennion & Walsh Asset Management, Inc. reported 65 state-registered advisory representatives, up from 50 (2020-01-21 to 2020-03-27)Mar 27, 2020 · Advisor headcount change · derived
- Ann Wendy Wurst (Chief Compliance Officer) no longer on Schedule A of Hennion & Walsh Asset Management, Inc. (listed 2020-01-21, absent 2020-03-27)Mar 27, 2020 · Control person left · inference
- Phillip Fitzsimmons (Chief Compliance Officer) appeared on Schedule A of Hennion & Walsh Asset Management, Inc.Mar 27, 2020 · Control person joined · fact
- Hennion & Walsh Asset Management, Inc. reported 50 state-registered advisory representatives, up from 0 (2019-02-21 to 2019-03-29)Mar 29, 2019 · Advisor headcount change · derived
- Alexander Vermitsky (Chief Compliance Officer) no longer on Schedule A of Hennion & Walsh Asset Management, Inc. (listed 2018-10-02, absent 2019-02-21)Feb 21, 2019 · Control person left · inference
- Ann Wendy Wurst (Chief Compliance Officer) appeared on Schedule A of Hennion & Walsh Asset Management, Inc.Feb 21, 2019 · Control person joined · 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
- Firm profile
- linkedin.com/company/hennion-&-walshreportedpublic record, Form ADV, Sep 17, 2026
- Website
- hennionandwalsh.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 973-299-8989reportedpublic record, Form ADV, Aug 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
- Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $10.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026