Fairhaven Wealth Management, LLC is a large advisory firm based in Wheaton. It manages $315.1 million of regulatory assets for 1,031 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.
Fairhaven Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fairhaven Wealth Management, LLC is $315.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 50% 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 Fairhaven Wealth Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Fairhaven Wealth Management is high net worth individuals with 88 clients and $239.96 million of assets under management. Among the 8 most similar advisory firms, Fairhaven Wealth Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $310.47 million for 424 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.
Fairhaven Wealth Management doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 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.
The principal office where Fairhaven Wealth Management, LLC performs its advisory services is located at 104 E. Roosevelt Road, Wheaton, IL 60187, 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 630-333-9207 or by fax 630-477-0775. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.