Heber Fuger Wendin Inc (Bloomfield)

Name: Heber Fuger Wendin Inc
Address: 36700 Woodward Avenue, Bloomfield, MI, 48304 3984
Telephone: 248-258-6866

Heber Fuger Wendin Inc is a large advisory firm based in Bloomfield. It manages $3.99 billion of regulatory assets for 247 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Michigan.

Heber Fuger Wendin provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Heber Fuger Wendin: assets under management

The assets under management (AUM) of Heber Fuger Wendin Inc is $3.99 billion. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $178.64 million in discretionary accounts and $3.81 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $997.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $56.07 million.

Investments

The firm invests in government bonds the most. They account for 53% of the total AUM. The second-largest asset type is state and local bonds, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heber Fuger Wendin Inc 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 David Gordon Barnes serves?

The firm provides services to individuals, insurance companies, high net worth individuals, banking or thrift institutions, and corporations or other businesses. The largest group of clients of David Gordon Barnes is banking or thrift institutions with 67 clients and $3.74 billion of assets under management. Among the 9 most similar advisory firms, Heber Fuger Wendin has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $3.99 billion for 144 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.

Heber Fuger Wendin doesn't advise any private funds.

Careers at Heber Fuger Wendin Inc

The company employs 10 people that are either part- or full-time employees. 60 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Gordon Barnes has been acting as President since 1 May 1990. Heidi Brelsford Barnes joined the executive team most recently as the Treasurer/Systems Mgr..

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Gordon Barnes	Director	1 May 1990	25% - 50%	4369544
Diane Joan Williams	Director	1 May 1990	25% - 50%	1602337
Heidi Brelsford Barnes	Asst. treasurer/sys. mgr.	1 Oct 1991	Other	4369522
Mark Bradley Williams	Ceo	1 Jan 2001	Other	1233256
Heidi Brelsford Barnes	Treasurer/systems mgr.	1 Oct 2002	Other	4369522
Rebecca L. Gersonde	Chief compliance officer	1 Sep 2005	Other	5036093
Mark Bradley Williams	Ceo/chief compliance officer	1 Sep 2008	Other	1233256
Heidi Brelsford Barnes	Treasurer/systems mgr.	1 Dec 2012	25% - 50%	4369522
David Gordon Barnes	Chairman, president, ceo, cco	1 Dec 2012	50% - 75%	4369544

Based in Bloomfield

The principal office where Heber Fuger Wendin Inc performs its advisory services is located at 36700 Woodward Avenue, Bloomfield, MI 48304 3984, 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 248-258-6866 or by fax 248-258-9295. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at heberinvestments.com.