Hemington Wealth Management, LLC is a large advisory firm based in Falls Church. It manages $706.48 million of regulatory assets for 1,539 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, District of Columbia, Florida, and 7 other states.
Hemington Wealth Management provides financial planning services, portfolio management for individuals and small businesses, 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 Hemington Wealth Management, LLC is $706.48 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 320% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Hemington Wealth Management, LLC for their services and products based on a percentage of assets under management. 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.
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 Hemington Wealth Management is high net worth individuals with 190 clients and $606.6 million of assets under management. Among the 13 most similar advisory firms, Hemington Wealth Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $706.48 million for 431 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.
Hemington Wealth Management doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 10 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 Hemington Wealth Management, LLC performs its advisory services is located at 7651 Leesburg Pike, Falls Church, VA 22043, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 703-828-2479 or by fax 540-301-0866. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at hemingtonwm.com.