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 hundreds of millions in assets under management (AUM) and provides investment management services on a wrap-fee basis.
Hawkins Wealth Management Background
Hawkins Wealth Management has been providing investment advisory services since Tim Hawkins founded the firm in 2012. Hawkins owns 90% of the business through a holding company, while managing partner Aaron Robertson controls the remaining 10% stake through AMR Financial.
The firm currently employs three certified financial planners (CFPs). As a fiduciary in the industry, it is committed to work in the best interests of its clients.
Hawkins Wealth Management Client Types and Minimum Account Sizes
Hawkins Wealth Management mostly works with individuals, most of whom are high-net-worth individuals. However, the firm also provides its services to businesses and employer-sponsored retirement plans.
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 may recommend a mutual-fund-only investment allocation offered through American Funds. The firm also offers TIAA Allocation services to clients who are employees of public institutions that choose TIAA as their investment custodian.
The firm also offers an investment portfolio management through a wrap-fee program, which bundles together investment management fees, custodial fees and trading fees. Hawkins can also provide retirement plan consulting.
In addition, the firm provides general financial planning services. These may touch upon the following based on your needs:
- Retirement planning
- Estate planning
- Debt management
- Investments
Hawkins Wealth Management Investment Philosophy
Hawkins Wealth Management uses a variety of methods when making investment decisions. For instance, it utilizes charting, which 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.
The firm offers a number of proprietary model porfolios that are tailored to specific risk tolerances. These model portfolios are:
- ETF: The goals of this portfolio are to grow capital over a long-term investment horizon.
- Aggressive Growth: The goals of this portfolio are to grow capital with an emphasis on capital appreciation.
- Growth: The goals of this portfolio are to grow capital with an emphasis on capital appreciation.
- Growth with Income: The goals of this portfolio are to balance capital growth and high current income with an emphasis on capital appreciation.
- Growth with Income Plus: The goals of this portfolio are to generate current income, preserve capital, and achieve some long-term capital growth.
- Conservative: The goals of this portfolio are to generate current income, preserve capital and purchasing power.
- Dividend Sustainability: The goals of this portfolio are to emphasis current income through dividend accumulation, dividend growth, and preserve capital with potential long-term capital growth.
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.
Here's how much you may pay for American Funds service, depending on the size on your account:
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
| Estimated Investment Management Fees for American Funds at Hawkins Wealth Management* | |
| Your Assets | Hawkins Wealth Management Fee Amounts |
| $500K | $5,000 |
| $1MM | $10,000 |
| $5MM | $50,000 |
| $10MM | $100,000 |
Fees for TIAA Allocation range from 0.80% to 1.25% according to this fee schedule:
| TIAA Allocation Fees | |
| Assets Under Management | Fee Percentage |
| Up to $1MM | 1.25% |
| $1,000,001 - $3MM | 1.15% |
| $3,000,001 - $5MM | 1.05% |
| $5,000,001 - $10MM | 0.95% |
| $10,000,001 and above | 0.80% |
Here's how much you may pay for TIAA Allocation based on the size on your account:
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
| Estimated Fees for TIAA Allocation at Hawkins Wealth Management* | |
| Your Assets | Hawkins Wealth Management Fee Amounts |
| $500K | $6,250 |
| $1MM | $12,500 |
| $5MM | $56,500 |
| $10MM | $104,000 |
For clients with wrap-fee accounts, fees are based on a percentage of household assets following this schedule:
| Wrap-Fee Program Fees | |
| Household Assets | Fee Percentage |
| Up to $100,000 | 1.85% |
| $100,001 - $500,000 | 1.45% |
| $500,001 - $1MM | 1.35% |
| $1,000,001 - $3MM | 1.15% |
| $3,000,001 - $5MM | 1.05% |
| $5,000,001 - $10MM | 0.95% |
| $10,000,001 - $20MM | 0.80% |
| $20,000,001 and above | 0.50% |
Here's how much you may pay for wrap-fee service, based on the size on your account:
| Estimated Wrap-Fee Program Fees at Hawkins Wealth Management * | |
| Your Assets | Hawkins Wealth Management Fee Amounts |
| $500K | $7,650 |
| $1MM | $14,400 |
| $5MM | $58,400 |
| $10MM | $105,900 |
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
Hawkins Wealth Management has one disclosure of a regulatory action on its Form ADV most recently filed with the U.S. Securities and Exchange Commission. Back in 2017, the SEC issued a cease and desist order against Hawkins Wealth Management for failing to disclose a forgivable loan of almost $350,000 that LPL Financial provided. The firm was also fined $35,000 for the violation and censured by the SEC.
As a fee-based firm, some representatives of Hawkins Wealth Management are insurance agents. As a result, advisors may be incentivised to recommend 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.
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 calling (319) 626-3580.
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