Homan Wealth Advisors, LLC (Omaha)

Name: Homan Wealth Advisors, LLC
Address: 12829 West Dodge Road, Omaha, NE, 68154
Telephone: 402-763-6401

Homan Wealth Advisors, LLC is a large advisory firm based in Omaha. It manages $160.49 million of regulatory assets for 322 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Iowa, Kansas, and 4 other states.

Homan Wealth Advisors provides portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Homan Wealth Advisors: assets under management

The assets under management (AUM) of Homan Wealth Advisors, LLC is $160.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $160.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $498.41 thousand each.

Homan Wealth Advisors has custody of $77.28 million in cash and securities for 42 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Homan Wealth Advisors, LLC for their services and products based on a percentage of assets under management. 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 Homan Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Homan Wealth Advisors is high net worth individuals with 47 clients and $139.22 million of assets under management. Among the 9 most similar advisory firms, Homan Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $160.49 million for 136 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.

Homan Wealth Advisors doesn't advise any private funds.

Careers at Homan Wealth Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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
Richard Matthew Homan	Managing member	1 Aug 2003	50% - 75%	4732596
Richard Ray Braasch	Chief compliance officer	1 Jul 2012	Other	4075946
Inc. Homan Wealth Management	Member	1 Jan 2013	25% - 50%	46-2281068
Ronald (Nmn) Kortan	Chief compliance officer	1 May 2017	Other	2987842

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Matthew Homan	Owner	1 Jan 2013	75% - 100%	4732596

Based in Omaha

The principal office where Homan Wealth Advisors, LLC performs its advisory services is located at 12829 West Dodge Road, Omaha, NE 68154, 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 402-763-6401 or by fax 402-763-6400. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at homanwealthadvisors.com.