Heck Capital Advisors, LLC (Rhinelander)

Name: Heck Capital Advisors, LLC
Address: 15 East Anderson Street, Rhinelander, WI, 54501
Telephone: 715-361-1500

Heck Capital Advisors, LLC is a large advisory firm based in Rhinelander. It manages $4.16 billion of regulatory assets for 2,525 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Colorado, Florida, and 8 other states.

Heck Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and capital central services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Heck Capital Advisors: assets under management

The assets under management (AUM) of Heck Capital Advisors, LLC is $4.16 billion. The firm's AUM has grown by 1209% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $784.49 million in discretionary accounts and $3.38 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $326.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $28.38 million.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heck Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert George Heck serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Robert George Heck is pension and profit sharing plans with 8 clients and $2.47 billion of assets under management. Among the 9 most similar advisory firms, Heck Capital Advisors has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $4.16 billion for 888 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.

Heck Capital Advisors doesn't advise any private funds.

Careers at Heck Capital Advisors, LLC

The company employs 18 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 don’t receive compensation from other entities for client referrals.

Robert George Heck has been acting as President since 1 May 2007. Donna Marie Blamberg joined the executive team most recently as the Co Chief Operating Officer/Director Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert George Heck	Chairman	1 May 2007	Other	241328
Kenneth Robert Heck	Chief financial officer	1 May 2007	25% - 50%	2116134
David Martin Heck	Chief operating officer/chief compliance officer	1 May 2007	25% - 50%	2288888
Donna Marie Blamberg	Co-chief operating officer/director of operations	1 Nov 2011	Other	2486406

Based in Rhinelander

The principal office where Heck Capital Advisors, LLC performs its advisory services is located at 15 East Anderson Street, Rhinelander, WI 54501 The mailing address of the firm is Po Box 738, Rhinelander, WI 54501. An additional office of the firm is in Bloomington, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 715-361-1500 or by fax 715-361-1515. The normal business hours are 8am-4:30pm on Monday - Friday. You can find more information about the New York firm at heckcapital.com.