Horizons Wealth Management, Inc. (Asheville)


Horizons Wealth Management, Inc. is a large advisory firm based in Asheville. It manages $100.82 million of regulatory assets for 500 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of North Carolina and South Carolina.

Horizons Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Horizons Wealth Management: assets under management

The assets under management (AUM) of Horizons Wealth Management, Inc. is $100.82 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $100.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $201.64 thousand each.
Horizons Wealth Management has custody of $7.35 million in cash and securities for 33 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is state and local bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Horizons Wealth Management, 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 David S Hunter serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David S Hunter is high net worth individuals with 46 clients and $70.07 million of assets under management. Among the 7 most similar advisory firms, Horizons Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $100.82 million for 175 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.

Horizons Wealth Management doesn't advise any private funds.

Careers at Horizons Wealth Management, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

David S Hunter has been acting as President since 1 Mar 2007. Glen Joel Martin joined the executive team most recently as the Secretary/Financial Planner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Glen Joel Martin Secretary/financial planner 1 Mar 2007 50% - 75% 4541684
David S Hunter President/financial planner/cco 1 Mar 2007 50% - 75% 4870351

Based in Asheville

The principal office where Horizons Wealth Management, Inc. performs its advisory services is located at 82 Patton Ave., Asheville, NC 28801, which is also the mailing address of the firm. An additional office of the firm is in Greenville, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 828-337-9395 or by fax 800-680-0982. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at horizonswealth.com.