Financial Enhancement Group LLC (Anderson)


Financial Enhancement Group LLC is a large advisory firm based in Anderson. It manages $374.64 million of regulatory assets for 2,467 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Colorado, Florida, and 14 other states.

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

Financial Enhancement Group: assets under management

The assets under management (AUM) of Financial Enhancement Group LLC is $374.64 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 165% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $374.64 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $151.86 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Enhancement Group LLC 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.

What kind of clients Financial Enhancement Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Financial Enhancement Group is individuals with 888 clients and $263.55 million of assets under management. Among the 9 most similar advisory firms, Financial Enhancement Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $374.64 million for 958 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.

Financial Enhancement Group doesn't advise any private funds.

Careers at Financial Enhancement Group LLC

The company employs 13 people that are either part- or full-time employees. 92 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Financial Enhancement Group LLC is owned by Adam Michael Harter. Donald Earl Hodson joined the executive team most recently as the Chief Compliance Officer, Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Joe's Money Show Llc Owner 1 Mar 2002 50% - 75% 31-4663923
Ht Financial Services Owner 1 Mar 2002 50% - 75% 35-2061796
Joseph Andrew Clark Managing member 1 Nov 2011 Other 2319989
Adam Michael Harter Owner 1 Dec 2012 Other 4592074
Donald Earl Hodson Chief compliance officer, owner 1 Dec 2012 Other 2998292
Sarah Jane Griffin Owner 1 Dec 2012 Other 5128697

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Joseph Andrew Clark Managing member/owner 1 Mar 2002 75% - 100% 2319989
Stephen Maurice Thompson Owner 1 Mar 2002 Other 4597825
Matthew Lee Robertson Owner 1 Mar 2002 Other 4547257
Debra Ann Hoppes Owner 1 Mar 2002 Other 4594835
Robert George Sabolich Owner 1 Mar 2002 Other 3109302
Lincoln Beckett Perkins Owner 1 Mar 2002 Other 4579728

Based in Anderson

The principal office where Financial Enhancement Group LLC performs its advisory services is located at 2704 Enterprise Drive, Anderson, IN 46013, which is also the mailing address of the firm. An additional office of the firm is in Lafayette, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 765-640-1524 or by fax 317-744-1484. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at yourlifeafterwork.com.