Heller Wealth Advisors, LLC. (Summit)

Heller Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Heller Wealth Advisors: assets under management

The assets under management (AUM) of Heller Wealth Advisors, LLC. is $457.65 million. The firm's AUM has grown by 122% since the beginning of its operation, and $984.16 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $392.93 million in discretionary accounts and $64.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $322.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $32.36 million.

Heller Wealth Advisors has custody of $192.07 million in cash and securities for 142 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 33% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heller Wealth Advisors, LLC. for their services and products based on a percentage of assets under management, commissions, and performance-based fees. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jordan Heller serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jordan Heller is high net worth individuals with 85 clients and $347.06 million of assets under management. Among the 11 most similar advisory firms, Heller Wealth Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $457.65 million for 249 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.

Heller Wealth Advisors doesn't advise any private funds.

Careers at Heller Wealth Advisors, LLC.

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Jordan Heller has been acting as President since 1 Apr 2005. Scott Joseph Drown joined the executive team most recently as the Operations Manager.

Direct owners and executive officers

Based in Summit

The principal office where Heller Wealth Advisors, LLC. performs its advisory services is located at 47 Maple Street, Summit, NJ 07901, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-287-5433 or by fax 973-435-0101. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at hellerwealth.com.

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