Heritage Wealth Management
Assets Under Management
$313.1M
Number of Clients
215
Number of Advisors
5
Average Client AUM
$1.5M
AUM per Advisor
$62.6M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Heritage Wealth Management offers financial planning and investment advisory services through a wrap fee program and managed non-wrap accounts. They recommend Dimensional Fund Advisors (DFA) sub-advisory services. Financial planning involves creating written plans based on client's financial circumstances and objectives. Investment portfolios are structured to meet client's risk tolerance.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.90% |
| $5M+ | 0.75% |
Fees are negotiable and can be adjusted based on the complexity of each client’s individual situation. Assets are aggregated by family.
Fee Estimator
Financial planning fees range from $2,500 to $10,000, determined by complexity, with half due upfront and half upon completion. Hourly consultation fees range from $100 to $300. Investment management fees are based on assets under management (see table). Subadvisory fees with DFA are 0.29% annually, billed quarterly, with a minimum annual fee as if there is $500,000 in account assets. HWM prefers a minimum investment of $1,000,000, but reserves the right to waive or lower it.
Areas of Practice
Location
4400 Post Oak Parkway, Suite 2510, Houston, TX, 77027