Hantz Financial Services, Inc. (Southfield)

Name: Hantz Financial Services, Inc.
Address: 26200 American Drive, Southfield, MI, 48034
Telephone: 248-304-2855

Hantz Financial Services, Inc. is a large advisory firm based in Southfield. It manages $1.96 billion of regulatory assets for 31,625 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Hantz Financial Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 15,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hantz Financial Services: assets under management

The assets under management (AUM) of Hantz Financial Services, Inc. is $1.96 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 233% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.96 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $61.99 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hantz Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Francis Machcinski 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 John Francis Machcinski is individuals with 10,192 clients and $1.63 billion of assets under management. Among the 6 most similar advisory firms, Hantz Financial Services has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.96 billion for 10,459 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.

Hantz Financial Services doesn't advise any private funds.

Careers at Hantz Financial Services, Inc.

The company employs 327 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. No 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.

John Francis Machcinski has been acting as President since 1 Oct 2005. Jay Robert Birchmeier joined the executive team most recently as the Region Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Russell Hantz	Director	1 Aug 1997	Other	1462066
Michael Oras Reid	Senior vp	1 Jun 1998	Other	1923539
Inc. Hantz Group	Parent company	1 Dec 1999	75% - 100%	38-3439679
Renee Ann Yaroch	Vp/cfo/finop	1 Apr 2002	Other	2040518
John Francis Machcinski	President/secretary	1 Oct 2005	Other	853028
George W Gregory	Director	1 Feb 2006	Other	5109011
Kimberly Diane Hantz	Director	1 Feb 2006	Other	5109009
David Joseph Shea	Director	1 Feb 2006	Other	5109005
Lisa Carmella Mc Clain	Senior vp	1 Oct 2008	Other	1972647
John Frederick Beebe	Senior vp	1 Jan 2010	Other	4151293
Duane Alan Mccollum	Senior vp	1 Jan 2010	Other	4409440
Charles Frank Tourangeau	Senior vp	1 Jan 2010	Other	4395024
Jeffery Harold Soper	Senior vp	1 Jan 2010	Other	2205971
Jamie Miller Racine	Senior vp	1 Jan 2010	Other	4585375
Debra Ann Dombeck	Chief operating officer	1 Jan 2010	Other	2341988
Edward Erwin Jr Vettel	Cco	1 Jun 2010	Other	1241922
Timothy C James	District manager	1 Mar 2014	Other	4751106
Jay Robert Birchmeier	Region manager	1 Jan 2018	Other	6389513

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Russell Hantz	Shareholder	1 Jun 1998	50% - 75%	1462066

Based in Southfield

The principal office where Hantz Financial Services, Inc. performs its advisory services is located at 26200 American Drive, Southfield, MI 48034, which is also the mailing address of the firm. An additional office of the firm is in Midland, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-304-2855 or by fax 248-223-0199. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at hantzgroup.com.