Heacock & Jones Financial Services, Inc. (Dubuque)

Heacock & Jones Financial Services, Inc. is a large advisory firm based in Dubuque. It manages $284.22 million of regulatory assets for 471 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alaska, Illinois, Iowa, Minnesota, and Wisconsin.

Heacock & Jones Financial Services provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Heacock & Jones Financial Services: assets under management

The assets under management (AUM) of Heacock & Jones Financial Services, Inc. is $284.22 million. The firm's AUM has grown by 513% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $283.93 million in discretionary accounts and $290.51 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $609.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $58.1 thousand.

Investments

The firm invests in investment grade corporate bonds the most. They account for 58% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heacock & Jones Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rita Jean Heacock 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 Rita Jean Heacock is high net worth individuals with 102 clients and $168.27 million of assets under management. Among the 8 most similar advisory firms, Heacock & Jones Financial Services has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $284.22 million for 471 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.

Heacock & Jones Financial Services doesn't advise any private funds.

Careers at Heacock & Jones Financial Services, Inc.

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. No 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 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.

Rita Jean Heacock has been acting as President since 1 Jun 2000. Paul John Heacock joined the executive team most recently as the President, Treasurer, Director, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul John Heacock	President, treasurer, director, chief compliance officer	1 Jun 2000	75% - 100%	1776864
Sharon Kathleen Kluesner	Vice president, secretary, director	1 Jun 2000	Other	4467002
Rita Jean Heacock	Director	1 Jun 2000	Other	4467005
Sharon Kathleen Jones	Vice president, secretary, director	1 Jun 2000	Other	4467002

Based in Dubuque

The principal office where Heacock & Jones Financial Services, Inc. performs its advisory services is located at 1545 Associates Drive, Suite 102, Dubuque, IA 52002, which is also the mailing address of the firm. An additional office of the firm is in Onawa, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 563-585-1400 or by fax 563-585-1403. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday.