Heritage Investors Management Corp is a large advisory firm based in Bethesda. It manages $2.32 billion of regulatory assets for 1,216 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, District of Columbia, and 12 other states.
Heritage Investors Management Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Heritage Investors Management Corp is $2.32 billion. The firm's AUM has grown by 236% since the beginning of its operation, and $13.25 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Heritage Investors Management Corp 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.
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 Michael Stewart Cornfeld is high net worth individuals with 467 clients and $1.88 billion of assets under management. Among the 8 most similar advisory firms, Heritage Investors Management Corp has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.32 billion for 671 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 Investors Management Corp doesn't advise any private funds.
The company employs 16 people that are either part- or full-time employees. 44 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.
Michael Stewart Cornfeld has been acting as President since 1 Sep 1985. Sarah Lynn Cornfeld 2012 Trust joined the executive team most recently as the Shareholder.
The principal office where Heritage Investors Management Corp performs its advisory services is located at 7101 Wisconsin Avenue, Bethesda, MD 20814 4878, 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 301-951-0440 or by fax 301-951-4954. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday.