Heartland Wealth Strategies is a registered investment advisor located in Manhattan, Kansas, owned and operated by Michael Hammersmith. The firm provides personalized investment management services, primarily building diversified portfolios using mutual funds and exchange-traded funds based on each client's specific return objectives, risk tolerance, and goals. Heartland Wealth Strategies focuses on asset allocation and risk management, meeting with clients at least annually to review performance and discuss any changes in their financial situation. In addition to investment management, the owner operates as a licensed insurance agent, offering insurance products separately, which introduces a potential conflict of interest regarding commissions.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.5M | 1.50% |
| $2.5M - $5.0M | 1.00% |
| $5M+ | 1.00% |
Fees for portfolios over $5,000,000 are negotiable. Minimum fee requirement is $250 per quarter.