Heritage Capital, Llc
- Regulatory AUM
- $147M
- Discretionary
- $147M
- Clients
- 146
- Avg AUM / client
- $1.0M
- Accounts
- 137
- Employees
- 3
AUM over time
Annual snapshots from Form ADV filings · as of Mar 06, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 78 | $26.2M | 17.8% |
| High net worth individuals | 68 | $117M | 79.5% |
| Charitable organizations | Fewer than 5 clients | $3.9M | 2.66% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Paul Brian Schatz | President, Chief Investment Officer, Chief Compliance Officer, Managing Member | Jun 2003 (23y) | 75% or more | |
| Ronald Robert Milone | Registered representative | CFP | Oct 2017 (9y) | |
| Christopher Todd Angle | Registered representative | May 2018 (8y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/06/2026 | 894 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE REGISTRANT ENTERED INTO A CONSENT ORDER WITH THE STATE OF NEW HAMPSHIRE ON NOVEMBER 24, 2009 REGARDING THE REGISTRATION OF A FORMER SOLICITOR. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS SET FORTH IN THE CONSENT ORDER, THE REGISTRANT AGREED TO (1) CEASE AND DESIST FROM FURTHER VIOLATIONS OF THE NEW HAMPSHIRE "UNIFORM SECURITIES ACT" AND (2) PAY AN ADMINSTRATIVE FINE OF $1,667.00. Status: Final Sanction Detail: THE REGISTRANT ENTERED INTO A CONSENT ORDER WITH THE STATE OF NEW HAMPSHIRE ON NOVEMBER 24, 2009 REGARDING THE REGISTRATION OF A FORMER SOLICITOR. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS SET FORTH IN THE CONSENT ORDER, THE REGISTRANT AGREED TO (1) CEASE AND DESIST FROM FURTHER VIOLATIONS OF THE NEW HAMPSHIRE "UNIFORM SECURITIES ACT" AND (2) PAY AN ADMINSTRATIVE FINE OF $1,667.00. Summary: CONSENT ORDER - CEASE AND DESIST
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Axos Clearing $123M (84% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 06, 2026.
View current Form ADV (SEC/IAPD) ↗