Emerald Advisers, Llc
SEC-registered
Investment Adviser · Mid-sized ($1B–$10B)
CRD 107496
· SEC file 801-40263
· Leola, PA
· WWW.TEAMEMERALD.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $3.3B
- Discretionary
- $3.3B
- Clients
- 32
- Avg AUM / client
- $103M
- Accounts
- 43
- Employees
- 35
AUM over time
$1.0B
$3.3B
Nov 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $245M | 7.43% |
| Pension and profit sharing plans | 8 | $749M | 22.7% |
| Charitable organizations | Fewer than 5 clients | $91.5M | 2.78% |
| State or municipal government entities | 23 | $2.1B | 62.3% |
| Insurance companies | Fewer than 5 clients | $157M | 4.78% |
| Corporations and other businesses | Fewer than 5 clients | $208K | 0.01% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Shands Healthcare Pension Plan Ii Shands Teaching Hospital And Clinics, Inc. | 2024 | |
| Integris Health, Inc. Retirement Plan A Integris Health, Inc. | 2024 |
People (11)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kenneth George Mertz | Chief Executive Officer, President And Director | Oct 1992 (34y) | Less than 5% | |
| Stacey Lynn Sears | Senior Vice President And Director | Mar 2001 (25y) | Less than 5% | |
| Meehan, James, Andrew | Chief Compliance Officer | Aug 2002 (24y) | Less than 5% | |
| Moyer, Daniel, Webster | Executive Vice President | Sep 2002 (24y) | Less than 5% | |
| Ware, Paul, Willard | Trustee | Sep 2012 (14y) | GP / trustee / elected manager of Emerald Asset Management Employee Stock Ownership Trust (indirect) | |
| Brizius, Charles, Albert | Member/Manager | Jun 2016 (10y) | GP / trustee / elected manager of 1251 Capital Group Holdings, Llc (indirect) | |
| Maguire, Christopher, James | Member | Jul 2016 (10y) | GP / trustee / elected manager of 1251 Capital Group Holdings, Llc (indirect) | |
| Wilson, Michael, Arthur Ross | Member | 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) | |
| Rehr, Scott, Lambert | Trustee | Feb 2024 (3y) | GP / trustee / elected manager of Emerald Asset Management Employee Stock Ownership Trust (indirect) | |
| Joseph Wayne Garner | Registered representative | Aug 2002 (24y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Emerald Asset Management Pa, Llc | Direct Owner | Jul 2018 | A | 75% or more |
| Emerald Asset Management Employee Stock Ownership Trust | Member | Sep 2012 | B | ≈ 14.06% – 50% via Emerald Asset Management, Inc. |
| Diffractive Managers Group Payco, Llc | Member | Oct 2018 | B | ≈ 28.13% – 75% via F/M Managers Group, Llc |
| 1251 Financing Company, Llc | Member | Oct 2018 | B | ≈ 21.09% – 75% via Diffractive Managers Group Payco, Llc |
| 1251 Capital Group, Inc. | Managing Member | Oct 2018 | B | ≈ 15.82% – 75% via 1251 Financing Company, Llc |
| F/M Managers Group, Llc | Member | Oct 2018 | B | ≈ 37.5% – 75% via Emerald Asset Management Pa, Llc |
| Emerald Asset Management, Inc. | Member | Jul 2018 | B | ≈ 18.75% – 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 Employee Stock Ownership Trust: 75% – 100% of Emerald Asset Management, Inc. × 25% – 50% of Emerald Asset Management Pa, Llc × 75% – 100% direct ≈ 14.06% – 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% direct ≈ 28.13% – 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% direct ≈ 21.09% – 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% direct ≈ 15.82% – 75% of the firm
- F/M Managers Group, Llc: 50% – 75% of Emerald Asset Management Pa, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Emerald Asset Management, Inc.: 25% – 50% of Emerald Asset Management Pa, Llc × 75% – 100% direct ≈ 18.75% – 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.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Shands Healthcare Pension Plan Ii | Shands Teaching Hospital And Clinics, Inc. | 2,133 | $958M | 07/01/2024 |
| Integris Health, Inc. Retirement Plan A | Integris Health, Inc. | 837 | $424M | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.25 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
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Northern Trust $1.2B (38% of AUM) Mar 2026
- State Street $778M (24% of AUM) Mar 2026
- BNY Mellon $756M (23% 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 31, 2026.
View current Form ADV (SEC/IAPD) ↗