Hawkins Wealth Management is an SEC-registered investment advisor based in North Liberty, Iowa. It provides holistic financial planning and investment advisory services to a range of clients including individuals and businesses. It currently holds more than $200 million in assets under management (AUM). The firm provides investment management services on a wrap-fee basis.
Hawkins Wealth Management Background
Hawkins Wealth Management has been providing investment advisory services since 2012. The firm currently employs certified financial planners (CFPs). As a fiduciary in the industry, it is committed to work in the best interests of its clients.
What Types of Clients Does Hawkins Wealth Management Accept?
Hawkins Wealth Management mostly works with individuals. Most of these are high-net-worth individuals. However, the firm also provides its services to businesses and employer-sponsored retirement plans.
Hawkins Wealth Management Minimum Account Size
To open an account with Hawkins Wealth Management, you’d generally need a minimum account size of $500,000. However, you can enroll in a TIAA allocation service with a minimum of $350,000.
Services Offered by Hawkins Wealth Management
Hawkins Wealth Management provides investment advisory and financial planning services. The firm offers an investment portfolio management through a wrap-fee program. In addition, it provides general financial planning services. These may touch upon the following based on your needs:
- Retirement planning
- Estate planning
- Debt management
Hawkins Wealth Management Investment Philosophy
Hawkins Wealth Management uses a variety of methods when making investment decisions. For instance, it utilizes charting. This type of analysis involves analyzing charts to predict future market movements. It also practices fundamental analysis. This method entails an in-depth study of several factors, including overall economic outlook, industry-specific conditions and the state of companies.
Fees Under Hawkins Wealth Management
American Funds charges investment advisory clients of Hawkins Wealth Management an annual fee of 1.00%. The firm calculates that fee based on your AUM and directly deducts its from your account. In addition, the firm charges a flat fee for financial planning services. The hourly fee typically ranges from $2,500 to $50,000.
What to Watch Out For
Because some representatives of Hawkins Wealth Management are insurance salesmen, the firm may be incentivised to recommends specific securities. These individuals may receive compensation for making those recommendations. This arrangement may create a conflict of interest. However, the firm has a fiduciary duty to work in the best interests of the client regardless of compensation.
Back in 2017, the SEC issued a cease and dissist order against Hawkins Wealth Management for failing to disclose a forgivable loan of almost $350,000 that LPL Financial provided.
Opening an Account with Hawkins Wealth Management
The easisest way to open an account with Hawkins Wealth Management is by visiting the firm’s main office in North Liberty, Iowa. You can also reach the firm by dialing (319) 626-3580.
Where Is Hawkins Wealth Management Located?
Hawkins Wealth Management is located on 1210 Jordan St. Suite 3 in North Liberty, Iowa.
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- Keep in mind that not all advisors are equally experienced. In general, you should work with a certified financial planner (CFP) who also is a fiduciary.