Data / Investment advisers / Wisconsin / Heartland Advisors, Inc.
Heartland Advisors, Inc., Milwaukee, WI: $1.9 billion AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Heartland Advisors, Inc. is an SEC registered investment adviser with its main office in Milwaukee, Wisconsin and reports $1.9 billion in regulatory assets under management in its Form ADV filed February 26, 2026. Its clients include investment companies, high net worth individuals and corporations and other businesses. It is paid through a percentage of assets under management.
The request: Watch Heartland Advisors, Inc. (CRD number 29433): each new Form ADV amendment, with AUM, clients and private funds. $10 of work on sign-up, no card.
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- Registration
- SEC registered investment adviser
- CRD number
- 29433
- SEC file number
- 801-19074
- SEC status
- Approved, effective June 23, 1983
- Main office
- 790 N Water Street Suite 1200, Milwaukee, WI 53202
- Phone
- (414) 347-7777
- Regulatory AUM
- $1,920,597,980 in the Form ADV filed February 26, 2026
- Discretionary AUM
- $1,920,597,980
- Accounts
- 93
- Employees
- 26, of which 10 give investment advice
- Form of organization
- Corporation
- Paid through
- a percentage of assets under management
- Form ADV Item 11 disclosures
- Reported: SEC or CFTC regulatory actions
- Latest Form ADV filing
- February 26, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| Investment companies | 3 | $1.64 billion |
| High net worth individuals | 48 | $167.7 million |
| Corporations or other businesses | 7 | $56.1 million |
| Charitable organizations | Fewer than 5 | $21.5 million |
| Individuals (other than high net worth individuals) | 32 | $21.2 million |
| Pension and profit sharing plans | Fewer than 5 | $11.4 million |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| March 2, 2026 | $1.92 billion | February 26, 2026 |
| December 1, 2025 | $1.89 billion | August 14, 2025 |
Other advisers in Milwaukee
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Geneva Capital Management LLC | Milwaukee | $5.60 billion | Not listed | adviserinfo.sec.gov |
| 1834 Investment Advisors Co. | Milwaukee | $2.20 billion | Not listed | adviserinfo.sec.gov |
| Operose Advisors LLC | Milwaukee | $2.06 billion | 3 | adviserinfo.sec.gov |
| Hammes Realty Advisors, LLC | Milwaukee | $2.02 billion | 5 | adviserinfo.sec.gov |
| Landaas & Company | Milwaukee | $1.93 billion | Not listed | adviserinfo.sec.gov |
| KLCM Advisors, Inc. | Milwaukee | $1.88 billion | Not listed | adviserinfo.sec.gov |
| Diversified Management Inc | Milwaukee | $1.87 billion | Not listed | adviserinfo.sec.gov |
| Campbell Newman Asset Management Inc | Milwaukee | $1.44 billion | Not listed | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Milwaukee, WI
- Investment advisers in Wisconsin
- Advisers with $1 billion to $10 billion in AUM
- Advisers serving investment companies
- Advisers serving high net worth individuals
- Heartland Advisors, Inc. on the SEC's adviser search
Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.