Team Hewins, LLC (Redwood City)

Team Hewins, LLC is a large advisory firm based in Redwood City. It manages $1.75 billion of regulatory assets for 1,103 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Illinois, and 7 other states.

Team Hewins provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Team Hewins: assets under management

The assets under management (AUM) of Team Hewins, LLC is $1.75 billion. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $800.37 million in discretionary accounts and $950.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $796.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.7 million.

Team Hewins has custody of $347.1 million in cash and securities for 55 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 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Team Hewins, 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, and pension and profit sharing plans. The largest group of clients of Roger Colburn Hewins is high net worth individuals with 163 clients and $1.2 billion of assets under management. Among the 13 most similar advisory firms, Team Hewins has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.41 billion for 296 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.

Team Hewins doesn't advise any private funds.

Careers at Team Hewins, LLC

The company employs 20 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 12 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 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 Mar 2018. John Matthew Bussel has served as the Chief Investment Officer since 1 Mar 2018. Mikhael Balachov joined the executive team most recently as the Principal, Director Of Business Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roger Colburn Hewins	President/ceo	1 Mar 2018	75% - 100%	2205798
John Matthew Bussel	Chief investment officer	1 Mar 2018	Other	2838167
Martha Roberts Post	Chief compliance officer/chief operating officer	1 Mar 2018	Other	2719987
Michelle Lyn Eldridge	Chief compliance officer	1 Oct 2018	Other	2696932
Mikhael Balachov	Principal, director of business operations	1 Jan 2019	Other	7083189

Based in Redwood City

The principal office where Team Hewins, LLC performs its advisory services is located at 203 Redwood Shores Parkway, Redwood City, CA 94065, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-620-3040 or by fax 650-372-0813. The normal business hours are monday - thursday 7:30 am - 4:30 pm, friday 7:30 am - 4 pm on Monday - Friday.