# Raymond Heidel

> Raymond Heidel is a fee-only financial advisor at Five Rivers Financial Advisors in North East, Maryland, who holds the CFP credential. Five Rivers Financial Advisors reports charging a percentage of assets, hourly fees and fixed fees on its Form ADV.

Page: https://find.wellspent.co/advisors/raymond-heidel/
Built from SEC adviser records; last checked October 30, 2026.

## Facts

- **Firm:** Five Rivers Financial Advisors
- **Based in:** North East, Maryland
- **Fee model (firm's Form ADV):** Percentage of assets; Hourly; Fixed fees
- **Assets under management (firm):** $55.3M across 195 accounts
- **Credentials:** CFP
- **CRD:** 3180344 (https://adviserinfo.sec.gov/individual/summary/3180344)
- **SEC registration:** Investment adviser representative in DE, FL, MD, NJ, PA
- **Exams passed:** Series 63 (2002), Series 66 (1998)
- **Firm size:** 2 employees
- **Disclosures:** None reported
- **Website:** https://www.fiveriversfinancial.com/

## Frequently asked questions

### Is Raymond Heidel a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Raymond holds no broker registration, and Five Rivers Financial Advisors reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Raymond charge for financial advice?

Raymond's firm, Five Rivers Financial Advisors, reports charging a percentage of assets, hourly fees and fixed fees on its SEC Form ADV.

### Where is Raymond Heidel based?

Raymond Heidel is based in North East, Maryland.

### What credentials does Raymond Heidel hold?

Raymond Heidel holds the CFP credential.

### Is Raymond Heidel registered with the SEC?

Yes. Raymond Heidel is registered as an investment adviser representative in DE, FL, MD, NJ and PA (CRD 3180344), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does Five Rivers Financial Advisors manage?

Five Rivers Financial Advisors reports $55.3M across 195 accounts in assets under management.

### How do I contact Raymond Heidel?

Through Raymond's website, www.fiveriversfinancial.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/3180344): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.