Hantz Financial Services, Inc
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Learn more about Hantz Financial Services, Inc
Hantz Financial Services, Inc operates as a financial advisory company headquartered in Southfield, Michigan. Hantz Financial Services, Inc has $4.9 billion in assets under management throughout 90,199 client accounts, placing it among the largest firms in the United States by assets under management (AUM). It has a large group, including 251 financial advisors. Hantz Financial Services, Inc is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are tradable financial investments such as bonds, stocks and options.
Hantz Financial Services, Inc administers all of the firm's accounts on a discretionary basis. Discretionary management signifies that buy and sell choices are made by a portfolio manager without requiring the customer's permission. Hantz Financial Services, Inc's typical account size is $54,346. An average advisor at Hantz Financial Services, Inc oversees about 359 client accounts.
Hantz Financial Services, Inc's central office is located at 26200 American Drive, Southfield, Michigan 48034. The company is legally registered to provide services to investors across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Hantz Financial Services, Inc by the Numbers
Products and Services
Hantz Financial Services, Inc offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the prior fiscal year, the firm provided financial planning services to 18000 of its customers. The company is engaged in selling products or offering services different than investment advisory services to its customers. The company is affiliated with a number of other service providers in the financial services industry, including with a banking or thrift institution, trust company, accountant or accounting firm, lawyer or law firm, insurance company or agency and pension consultant.
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
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
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.
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Publication of Periodicals
This is the publication of various financial education materials.
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This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial management are based on the financial services provided. However, fee types billed by the firm can include any blend of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Hantz Financial Services, Inc.
Offered by 69% of firms
Percentage of AssetsShow 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
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 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 1% of firms that offer this fee type
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
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
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
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
Hantz Financial Services, Inc does business with a number of different investors. The firm works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 90,199 accounts, Hantz Financial Services, Inc's biggest client group by number of accounts is retail investors, although it also caters to 861 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 more than $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 clients are non-U.S. persons.
- High-Net-Worth Individuals* - 4.68%
- Other Individuals - 93.89%
- Corporations - 0.36%
- Charitable Organizations - 1.08%
* 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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Hantz Financial Services, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Hantz Financial Services, Inc
Clinton Township, MI
Clinton Township, MI
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