Palisades Hudson Asset Management, L.P.
- Regulatory AUM
- $1.8B
- Discretionary
- $771M
- Clients
- 151
- Avg AUM / client
- $12.2M
- Accounts
- 171
- Employees
- 14
AUM over time
Annual snapshots from Form ADV filings · as of Mar 18, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 42 | $17.6M | 0.96% |
| High net worth individuals | 96 | $1.2B | 65.4% |
| Pooled investment vehicles (non-investment companies) | 3 | $5.9M | 0.32% |
| Corporations and other businesses | 10 | $613M | 33.3% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $11.9M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ph Investors Riverstone Energy Ii, Llc | Private Equity Fund | Delaware | $4.8M | 14 |
| Ph Investors Tpg Asia Vii, Llc | Private Equity Fund | Delaware | $4.3M | 10 |
| Ph Investors Thl Vii, Llc | Private Equity Fund | Delaware | $2.8M | 16 |
People (12)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Larry Michael Elkin | President Of General Partner | CFP | Nov 1997 (29y) | ≈ 56.25% – 100% via Larry M. Elkin Living Trust |
| Elkin, Linda, Field | Trustee | Nov 2001 (25y) | GP / trustee / elected manager of Larry M. Elkin Living Trust (indirect) | |
| Paul Benjamin Jacobs | Managing Vice President | CFP | Dec 2007 (19y) | Less than 5% |
| Hearn, Shomari, Deshawn | Executive Vice President/Chief Operating Officer | Jan 2012 (15y) | Less than 5% | |
| David Patrick Walters | Vice President | CFP | Aug 2012 (14y) | Less than 5% |
| Eric Anthony Meermann | Vice President | CFP | Jan 2017 (10y) | Less than 5% |
| Ward, Kirstie, Ann | Financial Planning Manager/Chief Compliance Officer | Jan 2020 (7y) | Less than 5% | |
| Anthony Dominic Criscuolo | Chief Investment Officer | CFP | Jan 2023 (4y) | Less than 5% |
| Melinda Catherine Kibler | Registered representative | CFP | Dec 2014 (12y) | |
| Benjamin Casey Sullivan | Registered representative | CFP | Mar 2016 (10y) | |
| Thomas E Walsh | Registered representative | CFP | Apr 2025 (1y) | |
| Brianna Taylor Aviles | Registered representative | CFP | Sep 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Larry M. Elkin Living Trust | Limited Partner | Nov 2004 | A | 75% or more |
| Palisades Hudson Asset Management, Inc. | General Partner | Nov 2004 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Larry Michael Elkin: 75% – 100% of Larry M. Elkin Living Trust × 75% – 100% direct ≈ 56.25% – 100% 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.
Private funds (3, $11.9M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ph Investors Riverstone Energy Ii, Llc | Private Equity Fund | $4.8M | $25.0K | 14 |
| Ph Investors Tpg Asia Vii, Llc | Private Equity Fund | $4.3M | $25.0K | 10 |
| Ph Investors Thl Vii, Llc | Private Equity Fund | $2.8M | $25.0K | 16 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/18/2026 | 1.51 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
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
Custody
Reported custodians
- Charles Schwab & Co. $644M (35% of AUM) Mar 2026
- Goldman Sachs $429M (23% of AUM) Mar 2026
- National Financial Services (Fidelity) $340M (18% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having 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 18, 2026.
View current Form ADV (SEC/IAPD) ↗