Hensler & Associates Wealth Management LLC (Fenton)


Hensler & Associates Wealth Management LLC is a large advisory firm based in Fenton. It manages $107.95 million of regulatory assets for 548 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Michigan and Texas.

Hensler & Associates Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hensler & Associates Wealth Management: assets under management

The assets under management (AUM) of Hensler & Associates Wealth Management LLC is $107.95 million. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $102.5 million in discretionary accounts and $5.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $206.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $104.8 thousand.
Hensler & Associates Wealth Management has custody of $25.82 million in cash and securities for 115 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 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hensler & Associates Wealth Management 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.

What kind of clients Frederick Henry Hensler serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Frederick Henry Hensler is individuals with 272 clients and $50.53 million of assets under management. Among the 6 most similar advisory firms, Hensler & Associates Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $107.95 million for 297 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.

Hensler & Associates Wealth Management doesn't advise any private funds.

Careers at Hensler & Associates Wealth Management LLC

The company employs 7 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 2 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.

Frederick Henry Hensler has been acting as President since 1 Dec 2017. Andy John Armstrong joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Sapphire Blue Investment Partners Owner 1 Mar 2014 75% - 100% 47-2257749
Frederick Henry Hensler President 1 Dec 2017 Other 1988513
Andy John Armstrong Chief compliance officer 1 Dec 2017 Other 4448534
Tracy Hensler Chief operations officer 1 Dec 2017 Other 6059454

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Tracy Hensler Owner 1 Mar 2014 75% - 100% 6059454
Frederick Henry Hensler Owner 1 Mar 2014 75% - 100% 1988513

Based in Fenton

The principal office where Hensler & Associates Wealth Management LLC performs its advisory services is located at 12272 N. Fenton Road,, Fenton, MI 48430, 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 810-714-9456. The normal business hours are 8:30 to 5:00 on Monday - Friday. You can find more information about the New York firm at sapphireblueip.com.