Haven Wealth Group LLC (Houston)

Name: Haven Wealth Group LLC
Address: 1111 North Loop West, Suite 1110, Houston, TX, 77008 1773
Telephone: 713-980-8820

Haven Wealth Group LLC is a large advisory firm based in Houston. It manages $141.34 million of regulatory assets for 477 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Georgia and Texas.

Haven Wealth Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as cfa, chartered financial analyst.

Haven Wealth Group: assets under management

The assets under management (AUM) of Haven Wealth Group LLC is $141.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3265% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $296.3 thousand each.

Investments

The firm invests in cash and cash equivalents the most. They account for 37% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 29% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 21% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Haven Wealth Group LLC for their services and products based on a percentage of assets under management. 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 Richea Powell serves?

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 Richea Powell is high net worth individuals with 101 clients and $88 million of assets under management. Among the 10 most similar advisory firms, Haven Wealth Group has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $141.34 million for 477 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.

Haven Wealth Group doesn't advise any private funds.

Careers at Haven Wealth Group LLC

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’s a single person 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.

Richea Powell has been acting as President since 1 Jul 2008. Rosalie M Groendes joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richea Powell	President	1 Jul 2008	75% - 100%	2308997
William Charles Calvin	Executive vice president	1 Feb 2010	Other	5664344
Rosalie M Groendes	Chief compliance officer	1 Mar 2015	Other	6473401

Based in Houston

The principal office where Haven Wealth Group LLC performs its advisory services is located at 1111 North Loop West, Suite 1110, Houston, TX 77008 1773, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-980-8820 or by fax 713-980-8053. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at havenwealthgroup.com/.