Highland Associates Inc
Registered investment adviser · Birmingham, AL · CRD #104948
Form ADV data as of 2026-09-01Regulatory assets
$20.99 billion
Total accounts
61
Employees
19
Disclosure events
13
Firm details
- Website: https://www.linkedin.com/company/highland-associates-birmingham-al/
- Telephone: 205-933-8664
- SEC file number: 801-30248
- Most recent Form ADV filing: 2026-07-29
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 9 disclosure questions answered Yes, covering 13 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 found a false statement or omission
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
- Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator entered an order in connection with investment-related activity (past 10 years)
- Another regulator denied, suspended, or revoked a registration or restricted activity
- A self-regulatory organization found a violation of its rules
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $7.45 billion |
| Non-discretionary regulatory assets under management | $13.54 billion |
| Total regulatory assets under management | $20.99 billion |
| Discretionary accounts | 29 |
| Non-discretionary accounts | 32 |
| Total accounts | 61 |
| Regulatory assets under management attributable to non-U.S. persons | $0 |
People
| Total employees (excluding clerical) | 19 |
| Employees performing investment advisory functions (including research) | 18 |
| Employees who are registered representatives of a broker-dealer | 1 |
| Employees registered as investment adviser representatives with a state | 2 |
| 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 | No |
| Has custody of client securities | No |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $38.1 million |
| Clients for whom a related person has custody | 4 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | Yes |
| Number of persons acting as qualified custodians for the firm's clients | 1 |
How the firm is compensated
Advisory services offered
Affiliated related persons
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:
- Receives soft dollar benefits
- Provides employee compensation specifically for obtaining clients
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Pooled investment vehicles (other than investment companies and BDCs) | 4 | $1.48 billion |
| Pension and profit sharing plans (not the participants or government plans) | 16 | $6.18 billion |
| Charitable organizations | 15 | $692.7 million |
| Insurance companies | 7 | $478.8 million |
| Corporations or other businesses not listed above | 23 | $12.16 billion |