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Heritage Family Offices, LLP

Multifamily office listing in Scottsdale, Arizona, United States.

A multidisciplinary family office helping affluent families coordinate tax, legal, wealth, and insurance needs.

Overview

Heritage Family Offices, LLP serves affluent families through research, strategic analysis, and an understanding of each client’s needs. Its mission is to help clients maintain present financial viability while pursuing future wealth goals.1

The firm describes its family office experience as combining technology, process improvements, and education to serve affluent families beyond the ultra-affluent segment.1

Leadership

Ralph Nelson, JD, CPA, is Partner and CEO. Michael Frost is Partner and President. Brent Emch, CFP®, is Director of Wealth Management, and Tyler Karl, CFA, is Chief Investment Officer.2

The broader professional team includes Brooke Fox, Controller; Marianna Falco, CPA, CFE, Senior Tax Manager; John Hessling, JD, CPA; and Brian Boll, Financial Advisor.2

Services

Heritage’s service areas include tax, law, wealth, and insurance. The firm combines asset preservation, financial planning, and investment management through strategic tax planning.1

Its March 10, 2026 Form ADV reports financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other advisers among its advisory services.3

What the firm offers

  • Investment management
  • Financial planning
  • Tax planning
  • Risk and insurance

Client Focus

Heritage is built to serve affluent families, including clients beyond the ultra-affluent segment. Its Form ADV reports 367 non-high-net-worth individual clients and 80 high-net-worth individual clients.3

Approach

Heritage says it uses technology, process improvements, education, research, strategic analysis, and an understanding of each client’s needs to coordinate its family office work.1

Assets and Registration

Heritage Family Offices, LLP identifies itself in its March 10, 2026 Form ADV as an SEC-registered investment adviser with CRD number 323930 and SEC file number 801-126899. The filing reports $423,261,650 in regulatory assets under management and 13 employees.3

By the numbers

Regulatory AUM by year$0K$116M$233M$349M$466M20252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 323930. As of .
Regulatory assets under management
YearRegulatory AUMDiscretionaryNon-discretionary
2025$408 million$408 million$0
2026$423 million$423 million$0
Average AUM per client by year$0K$466K$931K$1M$2M20252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 323930. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of .
Average AUM per client
YearAverage AUM per client
2025$2 million
2026$2 million
Clients by type (2026)Individuals170High net worth individuals80
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 323930. "<5" means the firm reported fewer than 5 clients of that type. As of .
Clients by type
Client typeClients (2026)
Individuals170
High net worth individuals80
Employees by year0481216202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 323930. As of .
Employees reported on Form ADV
YearEmployees
20235
202515
202613

Ranks #3 of 4 SEC-registered firms in AZ on MultifamilyOffices.com by regulatory AUM.

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 323930. Ranking uses only firms profiled on MultifamilyOffices.com. As of .

FAQs

What services does Heritage Family Offices provide?

Heritage provides tax, legal, wealth, and insurance services, along with financial planning, portfolio management, pension consulting, and adviser selection.13

Who leads Heritage Family Offices?

Ralph Nelson is Partner and CEO, while Michael Frost is Partner and President. The leadership team also includes Brent Emch, CFP®, and Tyler Karl, CFA.2

What individual client counts does Heritage report?

The firm’s March 10, 2026 Form ADV reports 367 non-high-net-worth individual clients and 80 high-net-worth individual clients. These figures describe the individual client categories reported in the filing.3

  • LocationMultifamily offices in Scottsdale

    This Scottsdale directory helps affluent families compare local firms that coordinate investment management, financial planning, tax planning, and insurance. It can give a business owner a starting point for understanding which office models serve clients with several connected financial needs.

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  • GuideHow multifamily offices invest

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Sources

  1. Heritage Family Offices website
  2. Heritage Family Offices team page
  3. Heritage Family Offices Form ADV, March 10, 2026

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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