Wealth Advisors Network, Inc. (Hastings)

Wealth Advisors Network, Inc. is a large advisory firm based in Hastings. It manages $132.27 million of regulatory assets for 454 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Colorado, Nebraska, and New York.

Wealth Advisors Network provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Advisors Network: assets under management

The assets under management (AUM) of Wealth Advisors Network, Inc. is $132.27 million. The firm's AUM has grown by 216% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101.15 million in discretionary accounts and $31.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $384.26 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Advisors Network, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jeffrey Scott Anderson serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jeffrey Scott Anderson is individuals with 318 clients and $96.4 million of assets under management. Among the 11 most similar advisory firms, Wealth Advisors Network has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $111.38 million for 325 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.

Wealth Advisors Network doesn't advise any private funds.

Careers at Wealth Advisors Network, Inc.

The company employs 14 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 14 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Jeffrey Scott Anderson has been acting as President since 1 Aug 1997. Daniel Wayne Charron joined the executive team most recently as the Director.

Direct owners and executive officers

Based in Hastings

The principal office where Wealth Advisors Network, Inc. performs its advisory services is located at 201 Foundation Place, Ste 100, Hastings, NE 68901 The mailing address of the firm is Po Box 2026, Hastings, NE 68902 2026. An additional office of the firm is in Lexington, NE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-463-6769 or by fax 402-463-6713. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at capc.com/wan/.

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