Hennion & Walsh Asset Management, Inc. (Parsippany)

Name: Hennion & Walsh Asset Management, Inc.
Address: 2001 Route 46, Parsippany, NJ, 07054
Telephone: 973-299-8989

Hennion & Walsh Asset Management, Inc. is a large advisory firm based in Parsippany. It manages $183.6 million of regulatory assets for 627 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Hennion & Walsh Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hennion & Walsh Asset Management: assets under management

The assets under management (AUM) of Hennion & Walsh Asset Management, Inc. is $183.6 million. The firm's AUM has gone down by -93% since the beginning of its operation, and $430.66 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $175.9 million in discretionary accounts and $7.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $291.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $334.77 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% 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 Hennion & Walsh Asset Management, Inc. for their services and products based on a percentage of assets under management and commissions. 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.

What kind of clients Kevin Douglas Mahn serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kevin Douglas Mahn is individuals with 572 clients and $106.71 million of assets under management. Among the 11 most similar advisory firms, Hennion & Walsh Asset Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $177.06 million for 621 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.

Hennion & Walsh Asset Management doesn't advise any private funds.

Careers at Hennion & Walsh Asset Management, Inc.

The company employs 55 people that are either part- or full-time employees. 9 percent of the employees work as investment advisers or researchers. 50 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Hennion & Walsh Asset Management, Inc. is owned by Richard Hennion. Kevin Douglas Mahn has been acting as President since 1 Mar 2011. Wendy Ann Wurst joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Hennion	Owner	1 Nov 1989	50% - 75%	1315386
William Walter Walsh	Owner	1 Nov 1989	50% - 75%	1174993
Alexander Vermitsky	Chief compliance officer	1 May 2002	Other	1634136
Peter Joseph Demarco	Managing director	1 Mar 2003	Other	64902
Kevin Douglas Mahn	Managing director	1 Oct 2004	Other	2519398
Deborah Ann Williams	Chief financial officer	1 Dec 2004	Other	2773687
Kevin Douglas Mahn	Chief investment officer	1 May 2007	Other	2519398
Kevin Douglas Mahn	President	1 Mar 2011	Other	2519398
Wendy Ann Wurst	Chief compliance officer	1 Feb 2019	Other	1902879

Based in Parsippany

The principal office where Hennion & Walsh Asset Management, Inc. performs its advisory services is located at 2001 Route 46, Parsippany, NJ 07054, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-299-8989 or by fax 973-299-0692. The normal business hours are 9am 5pm on Monday - Friday. You can find more information about the New York firm at smarttrustuit.com.