Financial Fiduciaries, LLC is a large advisory firm based in Wausau. It manages $143.76 million of regulatory assets for 525 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Michigan, Minnesota, Nebraska, and Wisconsin.
Financial Fiduciaries provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Financial Fiduciaries, LLC is $143.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 360% 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 Financial Fiduciaries, LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to individuals, insurance companies, and high net worth individuals. The largest group of clients of Heather Summers is insurance companies with 16 clients and $59.39 million of assets under management. Among the 7 most similar advisory firms, Financial Fiduciaries has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $139.11 million for 147 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.
Financial Fiduciaries doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Heather Summers has been acting as President since 1 Apr 2010. Greg L Geiger joined the executive team most recently as the Cco.
The principal office where Financial Fiduciaries, LLC performs its advisory services is located at 501 N Third Street, Wausau, WI 54403, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 715-848-8110 or by fax 715-848-2648. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at financialfiduciariesllc.com.