First Heartland Consultants, Inc

CRD#110377
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

Overview

First Heartland Consultants, Inc is located at 4101 Lake St. Louis Blvd, Lake Saint Louis, MO. The firm employs 95 financial advisors to manage client portfolios and provide financial guidance. First Heartland Consultants, Inc is not a registered broker-dealer.

First Heartland Consultants, Inc oversees $1.7 billion in assets under management across 9,407 accounts, of which 9,255 are discretionary and 152 are non-discretionary. Over the past year, the firm has provided financial planning services to 6,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at First Heartland Consultants, Inc includes asset-based, hourly, and fixed fees. The firm has 130 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, accountant or accounting firm, lawyer or law firm, insurance company or agency, and pension consultant.

First Heartland Consultants, Inc is registered in the states of Alabama, Alaska, Connecticut, Delaware, Hawaii, Kansas, Arizona, Arkansas, California, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Colorado, District of Columbia, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, Utah, Maine, New Mexico, Rhode Island, and South Carolina.

Assets Under Management

$1.7 billion

Number of Advisors

95

Disclosures

No

Office Location

4101 Lake St. Louis Blvd
Lake Saint Louis, MO 63367

First Heartland Consultants, Inc by the Numbers

Total Assets Under Management

$1.7 billion

National Average: $8.6 billion
Total Number of Employees

104

National Average: 64
Total Number of Accounts

9,407

National Average: 375,227
Average Account Size

$182.3 thousand

National Average: $23.0 thousand
Back to Overview
Back to Overview

Products and Services

First Heartland Consultants, Inc provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars. In the past financial year, First Heartland Consultants, Inc provided 6500 of its customers with financial planning services. The Company does not sell products or offer services other than investment advisory services to its investment advisory customers.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 3% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

Back to Overview

Fee Structure

Financial management fees largely vary depending on which service is provided. Fees billed by First Heartland Consultants, Inc most likely consist of any combination of the following fee structures: asset-based, hourly, or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by First Heartland Consultants, Inc.

Available

  • Offered by 69% 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.

  • Offered by 21% of firms

    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.

  • Offered by 32% of firms

    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.

Unavailable

  • Find one of the 1% 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 26% 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 0% 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 10% 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.

Back to Overview

Types of Clients

The company does business with a number of different investors. It caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, First Heartland Consultants, Inc's biggest client type by number of accounts is retail investors, but it also caters to 130 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual 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).

  • High-Net-Worth Individuals* - 2.08%
  • Other Individuals - 95.9%
  • Corporations - 1.88%
  • Charitable Organizations - 0.14%

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

Find an advisor who will work directly with you

Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

Back to Overview

Disclosures

First Heartland Consultants, Inc does not have any disclosures.

Please visit its Form ADV for more details.

Back to Overview
Back to Overview

Find a financial advisor near you

If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.

Back to Overview

Financial Advisors at First Heartland Consultants, Inc

Jessica Durand
Hardin, IL
Ryan Beyel
Hillsborough, NJ
Aaron Minor
Denver, CO
David Hermann
Tucson, AZ
Sarah Molitor
Lake Saint Louis, MO
Kelly Lesnick
Boerne, TX
Joe Selby
Jonesboro, AR
Robert Turner
Jackson, MS
Evin Lantz
Rochester, MN

Not sure which advisor is right for you? Use our matching tool

Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today

Back to Overview

The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.

This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.