Hewins Financial Advisors, LLC (Milwaukee)

Name: Hewins Financial Advisors, LLC
Address: 10000 Innovation Drive, Milwaukee, WI, 53226
Telephone: 414-431-9300

Hewins Financial Advisors, LLC is a large advisory firm based in Milwaukee. It manages $3.21 billion of regulatory assets for 5,234 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 26 other states.

Hewins Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hewins Financial Advisors: assets under management

The assets under management (AUM) of Hewins Financial Advisors, LLC is $3.21 billion. The firm's AUM has grown by 72% since the beginning of its operation, and $3.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.54 billion in discretionary accounts and $673.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $495.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.76 million.

Hewins Financial Advisors has custody of $587.97 million in cash and securities for 381 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% 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 Hewins Financial 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 Roger Colburn Hewins 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 Roger Colburn Hewins is individuals with 1,521 clients and $1.3 billion of assets under management. Among the 8 most similar advisory firms, Hewins Financial Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.2 billion for 1,788 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.

Hewins Financial Advisors doesn't advise any private funds.

Careers at Hewins Financial Advisors, LLC

The company employs 60 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 45 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Roger Colburn Hewins has been acting as President since 1 Oct 1999. John Matthew Bussel has served as the Chief Investment Officer since 1 Jan 2016. Rafia Khushbakht Hasan joined the executive team most recently as the Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Naomi Ramsden	Vice president	1 Aug 1999	Other	4359258
Roger Colburn Hewins	Member/president	1 Oct 1999	25% - 50%	2205798
Roger Hewins	Member/president	1 Oct 1999	75% - 100%	2205798
Ryan Family Limited Partnership	Member	1 Mar 2000	Other	36-4266303
Llc Wipfli Financial	Member	1 Jul 2000	50% - 75%	39-1947134
The Advisory Group Of San Francisco	Member	1 Jul 2001	Other	94-3339091
Naomi Robinson Ramsden	Chief compliaince officer	1 Feb 2004	Other	4359258
Keley Renee Petersen	Chief operating officer	1 Aug 2004	Other	1738238
John Matthew Bussel	Member	1 Jul 2005	Other	2838167
Martha Roberts Post	Chief operating officer, chief investment officer	1 Dec 2008	Other	2719987
Diane Unwin Kelvie	Chief compliance officer	1 Mar 2012	Other	6138499
Julie Rae Nichols	Chief financial officer	1 Apr 2014	Other	4549106
John Matthew Bussel	Chief investment officer	1 Jan 2016	Other	2838167
Gennady Bekasov	Chief compliance officer	1 Oct 2016	Other	5240357
Rafia Khushbakht Hasan	Chief investment officer	1 Nov 2017	Other	4671801

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Wipfli Llp	Sole member of wipfli financial, llc	1 Jul 2000	75% - 100%	39-0758449
Mike Ryan	Owner	1 Jul 2000	75% - 100%	1693798
Llp Wipfli Ullrich Bertelson	Sole member of wipfli financial, llc	1 Jul 2000	75% - 100%	99-9999999
Roger Bruce Patterson	President	1 Jul 2000	75% - 100%	357986
Roger Colburn Hewins	President/ceo of wipfli financial, llp	1 Jan 2013	Other	2205798

Based in Milwaukee

The principal office where Hewins Financial Advisors, LLC performs its advisory services is located at 10000 Innovation Drive, Milwaukee, WI 53226, which is also the mailing address of the firm. An additional office of the firm is in Wausau, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 414-431-9300 or by fax 414-431-9303. The normal business hours are 8:00 am to 5:00 pm central standard time on Monday - Friday. You can find more information about the New York firm at hewinsfinancial.com.