Heritage Wealth Architects, Inc. (St. Paul)

Name: Heritage Wealth Architects, Inc.
Address: 55 East 5 Th Street, St. Paul, MN, 55101
Telephone: 651-289-6444

Heritage Wealth Architects, Inc. is a large advisory firm based in St. Paul. It manages $127.75 million of regulatory assets for 468 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Minnesota.

Heritage Wealth Architects provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Heritage Wealth Architects: assets under management

The assets under management (AUM) of Heritage Wealth Architects, Inc. is $127.75 million. The firm's AUM has grown by 0% since the beginning of its operation, and $2.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $104.33 million in discretionary accounts and $23.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $250.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $450.36 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heritage Wealth Architects, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Shannon Knapp serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of James Shannon Knapp is high net worth individuals with 37 clients and $88.61 million of assets under management. Among the 10 most similar advisory firms, Heritage Wealth Architects has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $127.75 million for 133 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Heritage Wealth Architects doesn't advise any private funds.

Careers at Heritage Wealth Architects, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Shannon Knapp	President/ceo/secretary/treasurer/shareholder/chief compliance officer	1 Jan 2012	75% - 100%	4646507

Based in St. Paul

The principal office where Heritage Wealth Architects, Inc. performs its advisory services is located at 55 East 5 Th Street, St. Paul, MN 55101, 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 651-289-6444 or by fax 888-365-8373. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at heritagewealtharchitects.com.