Emerald Asset Management
Emerald Asset Management is a Pennsylvania-based, employee-owned investment firm managing $7.8 billion in AUM and AUA through mutual funds, Nasdaq-listed ETFs, and separate accounts. Founded in 1991-1992, it specializes in small- and mid-cap growth equities using a proprietary 10-step research process.
- Company typePrivate
- Founded1992
- HeadquartersLeola, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Emerald Asset Management does
Emerald Asset Management is a private, employee-owned investment management firm headquartered in Leola, Pennsylvania, with origins dating to 1991 (Emerald Advisers, co-founded by Scott Rehr) and 1992 (Emerald Mutual Funds). The firm manages a combined $7.8 billion in assets under management and advisement as of March 31, 2026, across three office locations: Leola PA, King of Prussia PA, and St. Louis MO. It serves both individual and institutional investor segments through a research-driven focus on small- and mid-cap growth equities.
The firm operates three distribution channels: mutual funds distributed via ALPS, ETFs listed on Nasdaq (including the F/m Emerald Life Sciences Innovation ETF launched in October 2024), and institutional and high-net-worth separate accounts. Investment decisions are produced through a proprietary 10-step process emphasizing fundamental, bottom-up, in-person research, executed by 25 investment professionals averaging 26 years of industry experience.
Emerald's business model is a traditional fee-based asset management model, generating revenue as a percentage of client assets. The firm expanded materially in February 2026 via the integration of F/m Investments, which added approximately $2.5 billion in assets, 13 new team members, and a new suite of equity strategies (Large-Cap Core, Small-Cap Core, Small/Mid-Cap Core, and continued Life Sciences). Concurrent with the integration, Emerald implemented a leadership transition, appointing David Volpe as CEO, Richard Juliano as President and COO, and Scott Rehr as Executive Chairman.
Emerald Asset Management firmographics
Firmographics- Name
- Emerald Asset Management
- Legal name
- Emerald Asset Management PA, LLC
- Website
- https://teamemerald.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Emerald Asset Management is a Pennsylvania-based, employee-owned investment firm managing $7.8 billion in AUM and AUA through mutual funds, Nasdaq-listed ETFs, and separate accounts. Founded in 1991-1992, it specializes in small- and mid-cap growth equities using a proprietary 10-step research process.
- Ownership category
- akta.pro rank
Emerald Asset Management industry classification
Industry- NAICS
- Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
- akta.pro secondary industry
- Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)
Keywords
Where Emerald Asset Management is headquartered
LocationHeadquarters
- HQ city
- Leola
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Emerald Asset Management business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Asset Management Fees: Emerald generates revenue through management fees based on assets under management (AUM). The firm manages $7.8 billion in combined Assets Under Management and Assets Under Advisement across Emerald Advisers, LLC, Emerald Mutual Funds Advisers Trust, and Emerald Investment Advisers, LLC.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Emerald Asset Management product offering
Product offeringCore offering
Emerald Asset Management is a research-driven investment management firm that manages investment portfolios for individual and institutional clients through mutual funds, ETFs, and separately managed accounts. The firm applies a proprietary 10-step investment process focused on fundamental bottom-up analysis with sector specialization in small and mid-cap growth equities. As of March 31, 2026, the firm manages $7.8 billion in combined Assets Under Management and Assets Under Advisement across its five subsidiary investment advisory entities.
Product overview
Emerald Asset Management is an investment management firm offering a unified platform of actively-managed investment products and services. The core offerings include equity mutual funds (Emerald Mid Cap Growth Fund, Emerald Growth Opportunities Fund), ETFs (F/m Emerald Special Situations ETF, F/m Emerald Life Sciences Innovation ETF), and separate account strategies. Following the 2026 F/m Investments integration, the product lineup expanded to include Large-Cap Core, Small-Cap Core, Large-Cap Value Dividend Select, and Integrated Alpha strategies, plus fixed income services. The firm complements its investment products with research content including the daily Wit & Wisdom newsletter/podcast, educational fintech resources, and hosts the annual Groundhog Day Investment Forum.
Differentiator
Problem solved
Functional benefit
Brands
- EmStone: Investment platform/resource offering from Emerald
- Emerald Mutual Funds
- Wit & Wisdom
- Groundhog Day Investment Forum
- Small Talk
- Innovation Starts Small
- On Da Block
Quantifiable outcome
- $7.8 Billion in assets under management and advisement as of March 31, 2026
Companies that use Emerald Asset Management
Customer profileNamed customers2 records
Segments2 records
Emerald Asset Management technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Emerald Asset Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- F/m InvestmentscoreEmerald Advisers partnered with F/m Investments to launch the F/m Emerald Life Sciences Innovation ETF (LFSC). In early 2026, this partnership expanded significantly with F/m's equity-focused strategies and teams joining Emerald, bringing approximately $2.5 billion in assets and 13 new team members.
Scale indicators4 records
Recent moves4 records
Expansion highlights5 records
Emerald Asset Management competitors and assessment
Company assessmentDirect peers
- Manning & Napier: Mid-sized, employee-owned RIA managing roughly $20B with a multi-strategy equity focus and significant mutual fund presence. Highly comparable to Emerald in structure, ownership model, and active-management orientation.
- Alger: Independent, growth-focused asset manager with mutual funds, ETFs, and separate accounts, specializing in small/mid-cap and innovation themes. Directly comparable to Emerald's growth-equity emphasis and product mix.
- Ariel Investments: Privately held, mid-size RIA focused on small/mid-cap U.S. equities, employee-owned, with mutual funds and separate accounts. A close structural and stylistic peer to Emerald.
- Royce Investment Partners: Small-cap specialist asset manager with mutual funds and separate accounts, focused on U.S. small-cap investing. Highly comparable in style and product mix to Emerald's growth offerings.
- Polen Capital: Independent, employee-owned RIA focused on growth equities with mutual fund and separate account offerings. Comparable to Emerald in size, ownership model, and growth-equity focus.
- Artisan Partners: Publicly traded, mid-to-large asset manager with multiple autonomous investment teams across U.S. equities. Comparable to Emerald's multi-team, research-driven equity platform model.
- Boston Partners: Mid-size, value-oriented RIA managing U.S. small/mid-cap and large-cap equity strategies for institutional and retail clients. Comparable to Emerald's expanded strategy lineup post-F/m integration.
- Mairs & Power: Privately held, Minnesota-based RIA managing equity and balanced portfolios for institutional and individual clients. Comparable in size, ownership structure, and active-equity orientation.
Broad incumbents
- Columbia Threadneedle Investments: Large, global asset manager with broad product offerings including small/mid-cap and growth strategies. Comparable to Emerald's expanded line-up but at meaningfully greater scale and distribution reach.
- Federated Hermes: Large, publicly traded asset manager with extensive mutual fund and ETF offerings across multiple strategies. Comparable to Emerald's mutual fund and ETF product channels but at materially greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Emerald Asset Management social profiles
Digital presenceEmerald Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Emerald Asset Management leadership team
Management profileNumber of profiles
Emerald Asset Management subsidiaries and ownership
Company hierarchySubsidiaries5 records
Emerald Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Emerald Asset Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Emerald Asset Management
What does Emerald Asset Management do?
Emerald Asset Management is a research-driven investment management firm that manages investment portfolios for individual and institutional clients through mutual funds, ETFs, and separately managed accounts. The firm applies a proprietary 10-step investment process focused on fundamental bottom-up analysis with sector specialization in small and mid-cap growth equities. As of March 31, 2026, the firm manages $7.8 billion in combined Assets Under Management and Assets Under Advisement across its five subsidiary investment advisory entities.
Is Emerald Asset Management a public or private company?
Emerald Asset Management is a private company. It is currently operating.
When was Emerald Asset Management founded?
Emerald Asset Management was founded in 1992. It employs 11 to 50 people.
Where is Emerald Asset Management based?
Emerald Asset Management is headquartered in Leola, United States, in the North America region.
How does Emerald Asset Management make money?
One revenue line is on record: asset Management Fees.
Who are Emerald Asset Management's main competitors?
Direct peers on record are Manning & Napier, Alger, Ariel Investments, Royce Investment Partners, Polen Capital, Artisan Partners, Boston Partners and Mairs & Power. Broad incumbents are Columbia Threadneedle Investments and Federated Hermes.
Does Emerald Asset Management have an API?
No public API is recorded for Emerald Asset Management.
What industry is Emerald Asset Management in?
Its primary akta.pro industry code is FSAEABAA, Registered Investment Advisor (RIA) Wealth Management, with a secondary code of FSAAACAG, Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions). Its NAICS code is 52394 and its SIC code is 6282.