Hewins Financial Advisors, LLC is a large advisory firm based in Milwaukee. It manages $3.21 billion of regulatory assets for 5,234 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 26 other states.
Hewins Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hewins Financial Advisors, LLC is $3.21 billion. The firm's AUM has grown by 72% since the beginning of its operation, and $3.43 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Hewins Financial Advisors, LLC 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Roger Colburn Hewins is individuals with 1,521 clients and $1.3 billion of assets under management. Among the 8 most similar advisory firms, Hewins Financial Advisors has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $3.2 billion for 1,788 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.
Hewins Financial Advisors doesn't advise any private funds.
The company employs 60 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 45 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Roger Colburn Hewins has been acting as President since 1 Oct 1999. John Matthew Bussel has served as the Chief Investment Officer since 1 Jan 2016. Rafia Khushbakht Hasan joined the executive team most recently as the Chief Investment Officer.
The principal office where Hewins Financial Advisors, LLC performs its advisory services is located at 10000 Innovation Drive, Milwaukee, WI 53226, which is also the mailing address of the firm. An additional office of the firm is in Wausau, WI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 414-431-9300 or by fax 414-431-9303. The normal business hours are 8:00 am to 5:00 pm central standard time on Monday - Friday. You can find more information about the New York firm at hewinsfinancial.com.