Moneywise Inc is a large advisory firm based in Forest. It manages $245.1 million of regulatory assets for 1,421 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Delaware, Maine, North Carolina, Texas, and Virginia.
Moneywise provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Moneywise Inc is $245.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 472% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Moneywise Inc for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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, and pension and profit sharing plans. The largest group of clients of Rick Allen Huff is high net worth individuals with 95 clients and $137 million of assets under management. Among the 7 most similar advisory firms, Moneywise has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $245.1 million for 416 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.
Moneywise doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 88 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.
Rick Allen Huff has been acting as President since 1 Aug 1997. Justin Miles Victor joined the executive team most recently as the Vice President Of Planning.
The principal office where Moneywise Inc performs its advisory services is located at 1563 Crossings Centre Drive, Forest, VA 24551 4744, 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 434-316-9356 or by fax 855-692-1471. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at hscwealthadvisors.com.