Heartwood Wealth Advisors, LLC is a large advisory firm based in Richmond. It manages $659.43 million of regulatory assets for 1,154 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida, Louisiana, Massachusetts, and 5 other states.
Heartwood Wealth Advisors provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Heartwood Wealth Advisors, LLC is $659.43 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Heartwood Wealth Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Benjamin Fowler Gurley is high net worth individuals with 525 clients and $602.43 million of assets under management. Among the 5 most similar advisory firms, Heartwood Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $659.43 million for 527 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Heartwood Wealth Advisors doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Benjamin Fowler Gurley has been acting as President since 1 Jan 2019. Edwin Sidney Martin joined the executive team most recently as the Managing Director.
The principal office where Heartwood Wealth Advisors, LLC performs its advisory services is located at 9020 Stony Point Parkway, Richmond, VA 23235, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 804-269-8711. The normal business hours are 8:00am- 5:00pm on Monday - Friday. You can find more information about the New York firm at heartwoodva.com.