Michael Henzes is a CFP-designated registered investment advisor at Open Wealth Network, based in Pottstown, PA, with 23 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Corporate Executives, Education Planning, Estate Planning, and 6 more. Their firm serves 77 clients with $51M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.50% |
| $250K - $500K | 0.90% |
| $500K - $1.0M | 0.80% |
| $1.0M - $1.5M | 0.70% |
| $1.5M - $2.0M | 0.60% |
| $2.0M - $2.5M | 0.50% |
| $2.5M - $3.0M | 0.40% |
| $3M+ | 0.30% |
The annual fees are negotiable. A negotiated flat fee may be charged as an alternative to the standard advisory fee.
Fee Estimator
Contact
Michael Henzes
Location
Pottstown, PA
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Michael works as a seasonal tax expert for Intuit since 2020, assisting customers with product and tax-related questions. This role takes about half of his time from January through April, with about a quarter of his time devoted during securities trading hours.
Employment History
Current Registrations
Open Wealth Network
Previous Registrations
Royal Alliance Associates, INC.
Retirement Advisory Services CORP
Royal Alliance Associates, INC.Broker
Main Line Financial Advisors, LLC.
Fsc Securities Corporation
Fsc Securities CorporationBroker
Sterling Financial Advisors, LLC
Sei Investments Management CORP
Sei Investments Distribution CO.Broker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.
Exams
Additional Information
Michael Henzes is aflat dollar fee-only financial plannerwho provides financial planning and investment management services to clients in the greater Philadelphia area and beyond. The following are some unique aspects of his business: