Hfp Wealth Management, LLC (Dallas)

Name: Hfp Wealth Management, LLC
Address: 10440 N. Central Expressway, Dallas, TX, 75231
Telephone: 214-446-2100

Hfp Wealth Management, LLC is a large advisory firm based in Dallas. It manages $157.52 million of regulatory assets for 402 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Georgia and Texas.

Hfp Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hfp Wealth Management: assets under management

The assets under management (AUM) of Hfp Wealth Management, LLC is $157.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $157.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $391.83 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 27% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hfp Wealth Management, LLC 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.

What kind of clients Hfp Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Hfp Wealth Management is high net worth individuals with 84 clients and $140.6 million of assets under management. Among the 11 most similar advisory firms, Hfp Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $157.42 million for 121 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.

Hfp Wealth Management doesn't advise any private funds.

Careers at Hfp Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Steven Lee Blankenship	Managing member, chief compliance officer	1 May 2004	75% - 100%	2825441

Based in Dallas

The principal office where Hfp Wealth Management, LLC performs its advisory services is located at 10440 N. Central Expressway, Dallas, TX 75231, which is also the mailing address of the firm. An additional office of the firm is in Grapevine, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-446-2100 or by fax 817-796-2825. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at heritagefinancialplanning.com and its LinkedIn profile.