Heritage Financial Services
Assets Under Management
$3.0B
Number of Clients
1,250
Number of Advisors
23
Average Client AUM
$2.4M
AUM per Advisor
$130.0M
Compensation
Fee-Only (AUM)
About This Firm
Heritage Financial Services, LLC offers asset management, financial planning, selection of independent money managers, and educational seminars/webinars. They gather client financial information to provide tailored analysis and recommendations. They primarily use mutual funds, ETFs, closed-end interval funds, SMAs, and limited partnerships. The firm also offers the Heritage Generations Group for younger clients using the Betterment for Advisors platform.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $2.5M | 1.00% |
| $2.5M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.50% |
| $10.0M - $25.0M | 0.40% |
| $25M+ | 0.30% |
Fees may be negotiable in limited circumstances.
Fee Estimator
Heritage charges a tiered annual fee based on the aggregate value of managed accounts within a household. The fee schedule is 1.00% on the first $2,500,000, decreasing to 0.30% for amounts greater than $25,000,000. For Heritage Generations Group clients with assets at Betterment, the fee is 0.75%. Fees are payable quarterly in advance, except for Betterment clients where fees are paid in arrears. Clients also pay transaction fees, custodial fees, and internal fund expenses. Fees may be negotiable in limited circumstances.
Areas of Practice
Location
100 Lowder Brook Drive, Suite 1000, Westwood, MA, 02090