Hennion & Walsh Asset Management, Inc. is a large advisory firm based in Parsippany. It manages $183.6 million of regulatory assets for 627 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.
Hennion & Walsh Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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 Hennion & Walsh Asset Management, Inc. is $183.6 million. The firm's AUM has gone down by -93% since the beginning of its operation, and $430.66 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Hennion & Walsh Asset Management, Inc. for their services and products based on a percentage of assets under management and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Kevin Douglas Mahn is individuals with 572 clients and $106.71 million of assets under management. Among the 11 most similar advisory firms, Hennion & Walsh Asset Management has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $177.06 million for 621 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.
Hennion & Walsh Asset Management doesn't advise any private funds.
The company employs 55 people that are either part- or full-time employees. 9 percent of the employees work as investment advisers or researchers. 50 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.
Hennion & Walsh Asset Management, Inc. is owned by Richard Hennion. Kevin Douglas Mahn has been acting as President since 1 Mar 2011. Wendy Ann Wurst joined the executive team most recently as the Chief Compliance Officer.
The principal office where Hennion & Walsh Asset Management, Inc. performs its advisory services is located at 2001 Route 46, Parsippany, NJ 07054, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-299-8989 or by fax 973-299-0692. The normal business hours are 9am 5pm on Monday - Friday. You can find more information about the New York firm at smarttrustuit.com.