Highmark, LLC

Highmark serves individual and high‑net‑worth clients, as well as trusts and estates, providing discretionary asset management, financial planning, and retirement-plan advisory services. Like many supported firms, it generally charges percentage‑of‑AUM fees for ongoing portfolio management; as of December 31, 2025 the firm reports about $59.5 million in discretionary assets under management and roughly $37.0 million in assets under advisement across about 60 client relationships.

The firm manages accounts on a discretionary basis, creating client‑specific investment policy statements and using a mix of fundamental, technical, cyclical analysis and modern portfolio theory to build portfolios; Highmark may engage sub‑advisors to implement agreed models and execute trades. Highmark requires clients to custody assets on a specific platform and subscribes to model portfolios from that platform’s Model Marketplace, conducts quarterly account reviews, and delivers custodian statements and transaction confirmations to clients.

Notable distinctions for a two‑advisor firm include its dual ERISA practice — offering both limited 3(21) fiduciary advice and fully discretionary 3(38) investment manager services for retirement plans — and its operational reliance on a single custodial/model marketplace arrangement that deducts marketplace fees from the firm’s house account. The firm’s principals are also licensed insurance agents (approximately 5% of their time) and disclose separate commission compensation for insurance sales, and Highmark does not routinely vote client proxies, generally leaving proxy voting to clients unless assistance is requested.