Elm Wealth
Registered investment adviser · Philadelphia, PA · CRD #167225
Form ADV data as of 2026-09-01Regulatory assets
$3.02 billion
Total accounts
905
Employees
8
Disclosure events
2
Firm details
- Website: https://twitter.com/elmpartners?lang=en
- Telephone: (888) 676-3148
- SEC file number: 801-78018
- Most recent Form ADV filing: 2026-03-29
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 1 disclosure question answered Yes, covering 2 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $3.02 billion |
| Non-discretionary regulatory assets under management | $0 |
| Total regulatory assets under management | $3.02 billion |
| Discretionary accounts | 905 |
| Non-discretionary accounts | 0 |
| Total accounts | 905 |
| Regulatory assets under management attributable to non-U.S. persons | $619.3 million |
People
| Total employees (excluding clerical) | 8 |
| Employees performing investment advisory functions (including research) | 7 |
| Employees who are registered representatives of a broker-dealer | 0 |
| Employees registered as investment adviser representatives with a state | 7 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $356.1 million |
| Clients for whom the firm has custody | 2 |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 5 |
How the firm is compensated
Advisory services offered
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends securities for which it serves as underwriter or general partner
- Recommends brokers or dealers to clients
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 107 | $71.8 million |
| High net worth individuals | 537 | $2.03 billion |
| Investment companies | 1 | $502.0 million |
| Pooled investment vehicles (other than investment companies and BDCs) | 3 | $382.6 million |
| Charitable organizations | 3 | $27.8 million |
| Corporations or other businesses not listed above | 4 | $4.3 million |