Heritage Wealth
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Heritage Wealth is an independent, single‑advisor registered investment adviser that serves individual and high‑net‑worth clients across roughly 70 relationships and manages tens of millions in client assets. The firm provides ongoing financial planning, discretionary portfolio management, and project‑based financial consulting engagements.
The firm builds customized portfolios using model portfolios as a starting point and applies strategic and tactical asset allocation together with modern portfolio theory; portfolios are rebalanced as needed and clients may impose investment restrictions. Heritage Wealth offers both discretionary and non‑discretionary management and integrates planning topics — cash flow, employer benefits, insurance, tax, and estate reviews — into its ongoing client work.
A distinguishing feature disclosed in the brochure is that the firm’s principal is a licensed insurance agent and receives commissions from insurance sales, a potential conflict the firm says it mitigates through disclosure and internal policies. The firm also uses subscription‑style financial planning and has shifted its consulting engagements to a fixed‑fee format, while conducting monthly portfolio monitoring and semiannual client reviews.
Client services
Expertise
Fee options
Financial consulting services flat fee of $3,000 (negotiable)
$0 - $2,000,000: 1.50% $2,000,001+: Negotiable
Financial planning subscription fee ranging from $1,200 to $36,000 annually, paid monthly or quarterly in advance
Main office
55 Shuman Boulevard, Suite 910
Naperville IL 60563
Advisors at this office
1
Most active in
Illinois · Texas
Also doing business as
Clear Counsel Advisors · David C. Fortosis Jr., LLC · Heritage Wealth · Heritage Wealth, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
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