What is the advantage of using a registered investment advisory (RIA) firm?
As a registered investment advisory firm, Heller Wealth Advisors, LLC acts in a fiduciary capacity. That means we always put the interests of our clients ahead of our own interests. Under the Investment Advisers Act of 1940, any firm that is engaged in the business of providing financial advice for a fee is considered to be an “investment advisor.” These firms are required to be registered with the appropriate federal or state agency. As such, Heller Wealth Advisors, LLC is registered with the Securities and Exchange Commission. Brokerage firms, on the other hand, typically are not held to a fiduciary standard, and as such are not obligated to put your interests before theirs.
What is a Certified Public Accountant (CPA®)?
CPAs must have achieved minimum college education requirements, minimum experience levels working in a CPA® firm environment, and the successful passing of the Uniform CPA® examination. CPAs are licensed and regulated by state boards of accountancy. In addition, in order to maintain their license, CPAs must complete 80 hours of continuing education every two years.
What is a Chartered Financial Analyst (CFA®)?
CFA® is a professional designation given by the CFA® Institute that measures the competence and integrity of financial analysts. Candidates must hold a bachelor's degree, have four years of financial career experience, and are required to pass three levels of exams covering areas such as accounting, economics, ethics, money management, and security analysis. The CFA® charter is one of the most respected designations in finance, considered by many to be the highest standard in the field of investment analysis.
What is a CERTIFIED FINANCIAL PLANNER® (CFP®)?
Licensed by the Certified Financial Planner Board of Standards, CFPs must satisfactorily complete an advanced college-level course of study addressing financial planning subject areas, including insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning. In addition, they must pass the comprehensive CFP® certification examination and obtain at least three years of full-time financial planning related experience. To maintain the designation, CFPs must complete 30 hours of continuing education every two years.
What is a Certified Investment Management Analyst® (CIMA®)?
CIMA® is a designation given by The Investment Management Consultants Association for professionals focused on asset allocation, ethics, due diligence, risk measurement, investment policy, and performance measurement. Only individuals who are investment consultants with at least three years of professional experience are eligible to try to obtain this certification, which signifies a high level of consulting expertise. CIMAs are required to prove their expertise through continual recertification, which requires completion of at least 40 hours of continuing education every two years.
What is your fee structure?
At Heller Wealth Advisors, our asset management compensation is 100% transparent, so you know exactly what we make and the value we provide. We charge a competitive asset under management (AUM) annual fee that is computed on the value of the assets we manage. In certain circumstances, a financial planning fee may be charged. Insurance products, by their nature, may carry commissions.
Do you have a minimum account size?
While we do not have a minimum account size, our services are best suited for clients with investable assets in excess of $1,000,000.