Heritage Wealth Management Group, Ltd

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Client assets under management

$151,324,302

Clients

177

23% high-net worth

Advisors

of 5 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Typical

Average account size

$854,940

About

Heritage Wealth Management Group provides discretionary investment management, financial planning, and pension consulting to individuals, high‑net‑worth clients, charitable organizations, corporations, and employee benefit plans. The firm offers both ongoing portfolio management and standalone planning engagements, implementing recommendations primarily through no‑load mutual funds and exchange‑traded funds.

The firm’s investment approach emphasizes passive, risk‑based diversification across asset classes, ongoing monitoring with periodic annual reviews, and the use of discretionary trading authority to implement client objectives. It also delivers a broad set of planning services — including retirement distribution strategies, employee benefits optimization, business planning, tax and estate planning — and serves as a fiduciary for retirement plans under ERISA when engaged for pension consulting.

Distinctive features include operating with no stated account minimum despite a client mix that includes many high‑net‑worth households, offering both asset‑based and standalone flat planning arrangements that can convert into advisory relationships, and providing pension/plan consulting alongside individual wealth management. The firm recommends a contemporary custodial platform (Altruist) for client accounts, does not participate in wrap programs, and will not accept authority to vote client securities.

Client services

Financial planning Portfolio management

Expertise

General retirement planning Retirement income strategy General tax planning Cash flow / budgeting

Occupation focus

Founder/Business Owner

Fee options

Fixed

Flat fees generally ranging from $1,000 to $12,500 for pension consulting and financial planning services

Percentage

$0 - $1,000,000: 1.10% annually $1,000,001 - $2,000,000: 1.00% annually $2,000,001 - $3,000,000: 0.90% annually $3,000,001 - $4,000,000: 0.80% annually $4,000,001 - $5,000,000: 0.70% annually $5,000,001+: 0.60% annually

Project-based

Up to $500 per hour for financial planning services

Other

Fee-only: Flat annual fees between $1,000 and $12,500 paid semi-annually, quarterly, or monthly in advance; hourly fees up to $500 per hour for financial planning

Main office location

Heritage Wealth Management Group, Ltd

733 Boush Street, Suite 100

Norfolk VA 23510-1591, United States

Number of offices

Most active in

Florida · North Carolina · Pennsylvania · Texas · Virginia

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Facebook Website 757-321-3725

Advisors at this firm

Mark T

Series 63, Series 65

Norfolk, VA

Heritage Wealth Management Group, Ltd

Mark Tekamp is a financial advisor at Heritage Wealth Management Group, Ltd in Norfolk, VA, holding Series 63 and Series 65 licenses with 43 years of industry experience. He has been with Heritage Wealth Management Group since 2008. Heritage Wealth Management Group provides investment advice and financial planning to individuals, trusts, pension plans, banks, and other institutions, offering both discretionary and non-discretionary portfolio management alongside standalone or integrated planning and business-consulting services. The firm’s investment approach combines macroeconomic analysis, fundamental and technical methods, and quantitative indicators to guide asset allocation, utilizing a wider range of asset classes and implementation tools than many peers.

General retirement planning Retirement income strategy General tax planning Cash flow / budgeting Founder/Business Owner

Michael B

CFP®, Series 63

Norfolk, VA

Heritage Wealth Management Group, Ltd

Michael Broadhurst is a CFP® professional with 38 years of experience in the financial industry. He has worked at Heritage Wealth Management Group, Ltd since 2020 and previously spent 19 years with Financial Counselors of Virginia, Inc. Outside of his advisory role, he operates an audio and video recording and editing business and is a member of the Rotary Club of Portsmouth. Heritage Wealth Management Group provides investment advice and financial planning services to individuals, trusts, pension plans, banks, and other institutions. The firm employs a macroeconomic investment approach combining fundamental, technical, and quantitative analyses, and utilizes a broad range of asset classes and implementation tools.

General retirement planning Retirement income strategy General tax planning Cash flow / budgeting Founder/Business Owner

Zachary T

CFP®

Norfolk, VA

Heritage Wealth Management Group, Ltd

Zachary Tekamp is a CFP® professional with four years of industry experience, currently serving at Heritage Wealth Management Group, Ltd. He previously worked at Commonwealth Financial Network and Clarendon Wealth Management. Tekamp is a Peer Review Editor for the Journal of Financial Planning Editorial Review Board and serves on the Virginia Tech Pamplin College of Business Recent Alumni Board. Heritage Wealth Management Group provides investment advice and financial planning to individuals, trusts, pension plans, banks, and other institutions. The firm’s investment approach combines macroeconomic analysis with technical and quantitative methods, utilizing a broad range of asset classes and active portfolio monitoring.

General retirement planning Retirement income strategy General tax planning Cash flow / budgeting Founder/Business Owner

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