Heritage Financial Network, Inc. (Concord)


Heritage Financial Network, Inc. is an adviser based in Concord. It manages $55 million of regulatory assets for 177 client accounts. It has been registered with the SEC as an adviser since 2009.

Heritage Financial Network provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Heritage Financial Network: assets under management

The assets under management (AUM) of Heritage Financial Network, Inc. is $55 million. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $38 million in discretionary accounts and $17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $269.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $472.22 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heritage Financial Network, Inc. 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.

Based in Concord

The principal office where Heritage Financial Network, Inc. performs its advisory services is located at 97 Lowell Road, Concord, MA 01742 The mailing address of the firm is P.O. Box 774, Concord, MA 01742. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978-371-2954 or by fax 978-371-9809. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday.