Hantz Financial Services, Inc. is a large advisory firm based in Southfield. It manages $1.96 billion of regulatory assets for 31,625 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Hantz Financial Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 15,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hantz Financial Services, Inc. is $1.96 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 233% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Hantz Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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 John Francis Machcinski is individuals with 10,192 clients and $1.63 billion of assets under management. Among the 6 most similar advisory firms, Hantz Financial Services has the 3rd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.96 billion for 10,459 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.
Hantz Financial Services doesn't advise any private funds.
The company employs 327 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone 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.
John Francis Machcinski has been acting as President since 1 Oct 2005. Jay Robert Birchmeier joined the executive team most recently as the Region Manager.
The principal office where Hantz Financial Services, Inc. performs its advisory services is located at 26200 American Drive, Southfield, MI 48034, which is also the mailing address of the firm. An additional office of the firm is in Midland, MI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 248-304-2855 or by fax 248-223-0199. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at hantzgroup.com.