Wheatland Advisors Inc is a large advisory firm based in Lancaster. It manages $163.69 million of regulatory assets for 232 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Pennsylvania and Texas.
Wheatland Advisors provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wheatland Advisors Inc is $163.69 million. The firm's AUM has grown by 92% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Wheatland Advisors Inc for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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 Richard Paul Heilig is high net worth individuals with 61 clients and $127.82 million of assets under management. Among the 9 most similar advisory firms, Wheatland Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $159.46 million for 152 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.
Wheatland Advisors doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 6 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.
Richard Paul Heilig has been acting as President since 1 Dec 1990. Barbara E Brobst joined the executive team most recently as the President.
The principal office where Wheatland Advisors Inc performs its advisory services is located at 500 Olde Hickory Road, Suite 1, Lancaster, PA 17601, 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 717-299-6090 or by fax 717-299-6029. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at wheatlandadvisors.com.