Henney Wealth Management

CRD#154824
Investment Advisor Firm

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Overview

Henney Wealth Management is an advisory firm based in Los Angeles, California. The firm handles $78.4 million in total assets across 60 customer accounts. Henney Wealth Management has a small team of two employees, all of whom are financial advisors. Henney Wealth Management does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like bonds, options and equities.

Henney Wealth Management manages 55 of its client assets on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without needing to seek the customer's authorization. The company also oversees five non-discretionary accounts totaling $14.7 million in assets under management. Henney Wealth Management oversees roughly $1.3 million in assets for each customer account. An average financial advisor at Henney Wealth Management administers about 30 client accounts, placing it towards the middle in terms of personalization.

The company's headquarters is at 12100 Wilshire Blvd., Los Angeles, California 90025. It is legally registered to serve clients in the state of California.

Assets Under Management

$78.4 million

Number of Advisors

2

Disclosures

No

Office Location

12100 Wilshire Blvd.
Los Angeles, CA 90025

Henney Wealth Management by the Numbers

Total Assets Under Management

$78.4 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

60

National Average: 2,073
Average Account Size

$1.3 million

National Average: $1.8 million

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Fee Structure

Financial management fees largely depend on the financial services offered. However, fee types billed by the company typically consist of the following fee structures: asset-based. Henney Wealth Management does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee. The company is able to withdraw its fees directly from client funds.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Henney Wealth Management works with retail investors and high net worth investors. Out of its 60 clients, Henney Wealth Management's largest client is retail investors, although it also caters to 20 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 37.04%
  • Other Individuals - 62.96%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Henney Wealth Management does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Henney Wealth Management

David Henney
Los Angeles, CA
Andrew Mutzabaugh
Los Angeles, CA

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This content was compiled from the SEC and FINRA