Ern Financial, LLC is a large advisory firm based in Middleton. It manages $583.25 million of regulatory assets for 1,571 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, Arkansas, California, and 12 other states.
Ern Financial provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. 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 Ern Financial, LLC is $583.25 million. The firm's AUM has grown by 13% since the beginning of its operation, and $1.5 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ern Financial, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and state or municipal government entities. The largest group of clients of Eric David Raether is high net worth individuals with 189 clients and $487.49 million of assets under management. Among the 8 most similar advisory firms, Ern Financial has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $583.25 million for 411 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Ern Financial doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.
Eric David Raether has been acting as President since 1 May 2018. Scott O Conwell joined the executive team most recently as the Chief Compliance Officer.
The principal office where Ern Financial, LLC performs its advisory services is located at 8215 Greenway Boulevard, Middleton, WI 53562, which is also the mailing address of the firm. An additional office of the firm is in Southfield, MI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 608-662-9018 or by fax 608-646-7796. The normal business hours are 8:00- 4:30 on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/canopy-wealth-management/ and its LinkedIn profile.