Haverdink Financial Management, LLC (Portage)

Name: Haverdink Financial Management, LLC
Address: 440 W. Centre Avenue, Portage, MI, 49024 5373
Telephone: 269-321-5070

Haverdink Financial Management, LLC is a large advisory firm based in Portage. It manages $104.9 million of regulatory assets for 451 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Michigan.

Haverdink Financial Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and consultation services, educational workshops and seminars. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Haverdink Financial Management: assets under management

The assets under management (AUM) of Haverdink Financial Management, LLC is $104.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 235% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $104.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $232.58 thousand each.

Haverdink Financial Management has custody of $9.8 million in cash and securities for 15 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 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Haverdink Financial Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Haverdink Financial Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Haverdink Financial Management is high net worth individuals with 36 clients and $70.46 million of assets under management. Among the 12 most similar advisory firms, Haverdink Financial Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $104.9 million for 139 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.

Haverdink Financial Management doesn't advise any private funds.

Careers at Haverdink Financial Management, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Kevin Dean Haverdink	President and chief compliance officer	1 Apr 2004	25% - 50%	2832505
Laura Lee Haverdink	Vp, secty, treasurer	1 Apr 2004	50% - 75%	4802014

Based in Portage

The principal office where Haverdink Financial Management, LLC performs its advisory services is located at 440 W. Centre Avenue, Portage, MI 49024 5373, 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 269-321-5070 or by fax 269-321-5071. The normal business hours are 8-5 (et) on Monday - Friday. You can find more information about the New York firm at linkedin.com/in/kevin-haverdink-32aa86b.