Emstone Advisers, Llc
SEC-registered
Investment Adviser · Boutique (under $100M)
CRD 139061
· SEC file 801-65994
· Leola, PA
· WWW.EMSTONEADVISERS.COM
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $29.3M
- Discretionary
- $29.3M
- Clients
- —
- Avg AUM / client
- —
- Accounts
- 3
- Employees
- 8
AUM over time
$29.3M
$151M
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| State or municipal government entities | Fewer than 5 clients | $28.8M | 98.3% |
| Other | Fewer than 5 clients | $496K | 1.69% |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Meehan, James, Andrew | Chief Compliance Officer | Dec 2005 (21y) | Less than 5% | |
| Moyer, Daniel, Webster | Trustee | Sep 2012 (14y) | GP / trustee / elected manager of Emerald Asset Management Employee Stock Ownership Trust (indirect) | |
| Ware, Paul, Willard | Trustee | Sep 2012 (14y) | GP / trustee / elected manager of Emerald Asset Management Employee Stock Ownership Trust (indirect) | |
| Juliano, Richard | Cfo, Board Of Managers | Sep 2015 (11y) | Less than 5% | |
| Rehr, Scott, Lambert | Ceo, Board Of Managers | Sep 2015 (11y) | Less than 5% | |
| Brizius, Charles, Albert | Member/Manager | Jun 2016 (10y) | GP / trustee / elected manager of 1251 Capital Group Holdings, Llc (indirect) | |
| Maguire, Christopher, James | Manager | Jul 2016 (10y) | GP / trustee / elected manager of 1251 Capital Group Holdings, Llc (indirect) | |
| Wilson, Michael, Arthur Ross | Manager | Jul 2016 (10y) | GP / trustee / elected manager of 1251 Capital Group Holdings, Llc (indirect) | |
| Hailer, John, Thomas | Member/Manager | Jan 2018 (9y) | 50% – 75% of 1251 Capital Group Holdings, Llc (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Emerald Advisers, Llc | Parent Company | Dec 2005 | A | 75% or more |
| Emerald Asset Management Pa, Llc | Member | Oct 2018 | B | ≈ 56.25% – 100% via Emerald Advisers, Llc |
| Emerald Asset Management Employee Stock Ownership Trust | Shareholder | Sep 2012 | B | ≈ 10.55% – 50% via Emerald Asset Management, Inc. |
| Diffractive Managers Group Payco, Llc | Member | Oct 2018 | B | ≈ 21.09% – 75% via F/M Managers Group, Llc |
| 1251 Financing Company, Llc | Member | Oct 2018 | B | ≈ 15.82% – 75% via Diffractive Managers Group Payco, Llc |
| 1251 Capital Group, Inc. | Managing Member | Oct 2018 | B | ≈ 11.87% – 75% via 1251 Financing Company, Llc |
| F/M Managers Group, Llc | Member | Oct 2018 | B | ≈ 28.13% – 75% via Emerald Asset Management Pa, Llc |
| Emerald Asset Management, Inc. | Member | Jan 1995 | B | ≈ 14.06% – 50% via Emerald Asset Management Pa, Llc |
| 1251 Capital Group Holdings, Llc | Shareholder | Oct 2018 | B | GP / trustee / elected manager of 1251 Capital Group, Inc. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Emerald Asset Management Pa, Llc: 75% – 100% of Emerald Advisers, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Emerald Asset Management Employee Stock Ownership Trust: 75% – 100% of Emerald Asset Management, Inc. × 25% – 50% of Emerald Asset Management Pa, Llc × 75% – 100% of Emerald Advisers, Llc × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Diffractive Managers Group Payco, Llc: 75% – 100% of F/M Managers Group, Llc × 50% – 75% of Emerald Asset Management Pa, Llc × 75% – 100% of Emerald Advisers, Llc × 75% – 100% direct ≈ 21.09% – 75% of the firm
- 1251 Financing Company, Llc: 75% – 100% of Diffractive Managers Group Payco, Llc × 75% – 100% of F/M Managers Group, Llc × 50% – 75% of Emerald Asset Management Pa, Llc × 75% – 100% of Emerald Advisers, Llc × 75% – 100% direct ≈ 15.82% – 75% of the firm
- 1251 Capital Group, Inc.: 75% – 100% of 1251 Financing Company, Llc × 75% – 100% of Diffractive Managers Group Payco, Llc × 75% – 100% of F/M Managers Group, Llc × 50% – 75% of Emerald Asset Management Pa, Llc × 75% – 100% of Emerald Advisers, Llc × 75% – 100% direct ≈ 11.87% – 75% of the firm
- F/M Managers Group, Llc: 50% – 75% of Emerald Asset Management Pa, Llc × 75% – 100% of Emerald Advisers, Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Emerald Asset Management, Inc.: 25% – 50% of Emerald Asset Management Pa, Llc × 75% – 100% of Emerald Advisers, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
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) | 03/30/2026 | 1.32 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- U.S. Bank $18.3M (62% of AUM) Mar 2026
- Fulton Financial Advisors $12.3M (25% of AUM) Oct 2021
- Millennium Trust Company, Llc $12.3M (17% of AUM) Mar 2020
- Wells Fargo $12.0M (25% of AUM) Oct 2021
- Manufacturers And Traders Trust Company $12.0M (41% of AUM) Mar 2026
- Bryn Mawr Trust Company $7.4M (17% of AUM) Mar 2025
- BNY Mellon $6.0M (14% of AUM) Mar 2025
- Counsel Trust Company $5.3M (15% of AUM) Mar 2022
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 30, 2026.
View current Form ADV (SEC/IAPD) ↗