Heronetta Management, L.P
Answer a few questions and
get matched with an advisor.
Learn more about Heronetta Management, L.P
Overview
Heronetta Management, L.P is an advisory firm located in New York, New York. The firm controls $271.1 million in total assets across 31 client accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). It has a small group, including 3 financial advisors. Heronetta Management, L.P is not a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as bonds, stocks and options.
Heronetta Management, L.P manages all of its accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by a portfolio manager without needing to seek the customer's approval. Heronetta Management, L.P supervises roughly $8.7 million for every customer account. The average financial advisor at Heronetta Management, L.P manages around 10 client accounts, placing it among the more personalized firms in the country.
Heronetta Management, L.P's central office is at 654 Madison Avenue, New York, New York 10065. Heronetta Management, L.P is registered to serve clients in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Heronetta Management, L.P by the Numbers
$271.1 million
5
31
$8.7 million
Fee Structure
Fees for financial advisory services depend on which service is provided. However, fees charged by the company typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Heronetta Management, L.P.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to high net worth investors, pooled investment vehicles and insurance companies. Out of its 31 clients, Heronetta Management, L.P's largest client is high net worth investors, but it also manages money for 29 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 3% of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 93.55%
- Other Individuals - 0%
- Corporations - 6.45%
- 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.
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.
Disclosures
Heronetta Management, L.P does not have any disclosures.
Please visit its Form ADV for more details.
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.
The content in this profile was updated by SmartAsset on 4/16/2023. 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.