Open Window Financial Solutions, Ltd. (Reno)

Name: Open Window Financial Solutions, Ltd.
Address: 4741 Caughlin Parkway, Reno, NV, 89519
Telephone: 775-827-0670

Open Window Financial Solutions, Ltd. is a large advisory firm based in Reno. It manages $115.33 million of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Nevada and Texas.

Open Window Financial Solutions provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Open Window Financial Solutions: assets under management

The assets under management (AUM) of Open Window Financial Solutions, Ltd. is $115.33 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $484.59 thousand each.

Open Window Financial Solutions has custody of $82 million in cash and securities for 49 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Open Window Financial Solutions, Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

What kind of clients Open Window Financial Solutions serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Open Window Financial Solutions is high net worth individuals with 37 clients and $87.72 million of assets under management. Among the 10 most similar advisory firms, Open Window Financial Solutions has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $113.65 million for 73 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.

Open Window Financial Solutions doesn't advise any private funds.

Careers at Open Window Financial Solutions, Ltd.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Open Window Financial Solutions, Ltd. is owned by Eric Anthony Hollen. Joseph Robert Hollen joined the executive team most recently as the President, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Robert Hollen	President, chief compliance officer	1 Mar 2004	50% - 75%	4801382
Eric Anthony Hollen	Owner	1 Jul 2017	25% - 50%	6004171

Based in Reno

The principal office where Open Window Financial Solutions, Ltd. performs its advisory services is located at 4741 Caughlin Parkway, Reno, NV 89519 The mailing address of the firm is Po Box 6629, Reno, NV 89513. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 775-827-0670 or by fax 775-827-6481. The normal business hours are 9:00 am - 4:30 pm on Other. You can find more information about the New York firm at openwindowfs.com.