Heritage Way Advisors, L.L.C. is a large advisory firm based in Rockford. It manages $243.25 million of regulatory assets for 423 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Florida, Georgia, Illinois, and 5 other states.
Heritage Way Advisors, L.L.C provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Heritage Way Advisors, L.L.C. is $243.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 653% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Heritage Way Advisors, L.L.C. for their services and products based on a percentage of assets under management. 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 individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Heritage Way Advisors, L.L.C is high net worth individuals with 52 clients and $190.89 million of assets under management. Among the 8 most similar advisory firms, Heritage Way Advisors, L.L.C has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $235.88 million for 156 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.
Heritage Way Advisors, L.L.C doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Heritage Way Advisors, L.L.C. performs its advisory services is located at 6833 Stalter Drive, Rockford, IL 61108, 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 815-397-0900 or by fax 815-394-0561. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at heritagewayadvisors.com/.