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Updated September 28, 2026. Quick answer: Hennion & Walsh Asset Management discloses a tiered schedule starting at 1.50% in its Form ADV Part 2A (March 24, 2026). Converted to dollars, that comes to $7,250 a year on a $500,000 account on its standard Program schedule (the brochure says the fee is negotiable and states a maximum annual fee of 1.50%); see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the Form ADV Part 2A (March 24, 2026): “PMP Program Fee Schedule Equity and Balanced Strategies Tax-Advantaged Income Strategies Asset Level Annual Client Fee Asset Level Annual Client Fee First $250,000 1.50% First $250,000 0.90% Next $250,000 1.40% Next $250,000 0.85% Next $500,000 1.25% Next $500,000 0.75%”
Note: CRD 126236 was confirmed ACTIVE and SEC registered through a live SEC IAPD lookup on September 28, 2026. The registrant is Hennion & Walsh Asset Management, Inc. of Parsippany, New Jersey, which uses the same name in the market. The firm reports about $768.8 million in regulatory assets under management. The priced schedule is the Equity and Balanced column of the Portfolio Management Program wrap fee schedule, which the brochure describes as serving individuals among its clients.
- $0-$250,000: 1.50%
- $250,000-$500,000: 1.40%
- $500,000-$1,000,000: 1.25%
- $1,000,000-$5,000,000: 1.00%
- $5,000,000 and above: 0.75%
The Program Fee is a single specified annual wrap fee that, the brochure says, can include trade execution, custody, reporting and investment management fees. The program invests in ETFs and mutual funds whose own fund-level expenses are borne by the client in addition, and the client may incur other pass-through costs on certain transactions, IRA fees and similar charges. The firm also lists a Personalized UMA program with a 2.00% advisory fee plus a separate manager fee that generally runs 0.0% to 0.50%, and an Asset Advisor program at a standard 2%, and neither is included in the figures below. The Tax-Advantaged Income schedule, which is lower, is also not the one priced here.
What you would pay
| Account balance | Annual fee on the standard schedule (dollars) | Effective rate |
|---|---|---|
| $250,000 | $3,750 | 1.50% |
| $500,000 | $7,250 | 1.45% |
| $1,000,000 | $13,500 | 1.35% |
| $2,000,000 | $23,500 | 1.18% |
Each balance is priced marginally: the first $250,000 at 1.50%, the next $250,000 at 1.40%, the next $500,000 at 1.25%, the next $4,000,000 at 1.00% and anything above $5,000,000 at 0.75%, so each band’s rate applies only to the dollars inside that band. The brochure discloses no minimum annual dollar fee, though it says the minimum account size for the program is generally $50,000, so no floor applies. The brochure says Program Fees may be negotiated under certain circumstances, so the figures are a published schedule, not a guaranteed charge.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, Hennion & Walsh Asset Management’s standard Program schedule comes to $7,250 a year, which the brochure says is negotiable, with a stated maximum annual fee of 1.50%.
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- Form ADV Part 2A (March 24, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1029394
- SEC Investment Adviser Public Disclosure, Hennion & Walsh Asset Management, Inc. (CRD #126236): https://adviserinfo.sec.gov/firm/summary/126236
- Hennion & Walsh Asset Management, Inc., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/126236/PDF/126236.pdf
Methodology. This page was built September 28, 2026, drawing on Hennion & Walsh Asset Management’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure we could not independently confirm before publication is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.