About Hemenway Financial Services
Since 1986, Hemenway Associates, Inc. has provided a comprehensive offering of wealth management, tax, and accounting services to clients throughout Omaha, Nebraska and its surrounding cities. Our firm was founded by Joseph Hemenway with the desire to serve the extensive tax and accounting needs of both individuals and business owners.
While our team has grown and our services have expanded to include wealth management, our mission has remained the same and now offer both under the name of Hemenway Financial Services. We seek to provide accurate, useful information to our clients regarding their current financial situation, which will enable them to react to current business and personal needs while planning for future growth and requirements. Today, we offer in-depth services, from retirement and estate planning to bookkeeping and IRS representation.
In all that we do, we are dedicated to upholding our key principles:
Our team will always consist of talented professionals dedicated to providing quality services to our clients.
We tailor our services to our clients individual needs.
We communicate with our clients frequently to foster a better understanding of both the clients expectations and needs.
We are here to help our clients implement solutions to their problems by providing the information, tools, and technology needed.
We are proactive in informing our clients of changing regulations and tax laws, allowing them to best anticipate the effects these changes will have on their bottom line.
We protect the confidentiality of our clients financial information.
See Disclosures
General Information
Firm Start Year
1986
CRD#
6382170
Firm CRD#
6413
Insurance License#
18855141
Name of Broker/Dealer
LPL Financial
Name of Custodial Firm
LPL Financial
States Licensed in
AK, AZ, CA, CO, CT, FL, HI, IA, IL, KS, MN, MO, ND, NE, NV, OK, TX, WA
Years of Experience in Financial Services
9
Number of Years with Current Firm
3
Work with the following types of clients
Businesses, Individual Investors
Advisory Services Provided
Education Funding and Planning, Financial Planning for Individuals, Tax Advice and Services, Risk Management, Financial Advice & Consulting, Investment Advice & Management, Insurance Products & Annuities, Financial Planning, Retirement Planning, 401K Rollovers, Wealth Management
Compliance
Registered Investment Advisor
Yes
Registered Representative
Yes
Investment Advisor Representative
Yes
Acknowledged fiduciary
Yes
Compliance Disclosures in Last 5 years
I have a clean record
Criminal Disclosures in Last 5 years
I have a clean record
Qualifications & Membership
Securities Licenses
Series 65, Series 7, Series 63, Series 6
Insurance and Annuity Licenses
Variable Life, Long Term Care, Variable Annuity, Life, Health, Annuity
Firm Information
Firm's Number of Clients
250
Firm's Number of Planning Clients
60
Firm's Number of Managed Clients
60
Assets Managed by Firm
60
Advisor's Number of Clients
250
Advisor's Number of Managed Clients
75
Advisor's Number of Planning Clients
75
Assets Managed by Advisor
$37,000,000
Compensation and Fees
Fee Structure
Fee-Based
Compensation Methods
Hourly, Based on Assets
Fee % Based on Assets
1
Hourly Rate
$250
Additional Details on Charges
We use a tiered management fee that lowers the fee as the household account(s) size increase. This is a blended fee that begins at 1% up to $1,000,000 and decreases 0.1% for each million dollars over $1,000,000. At $5,000,000 in assets the fee is a flat 0.5%.
Minimum Fee Charged for Managed Accounts
none
Minimum Fee Charged for Hourly Planning Accounts
none
Disclosures
Disclaimer
Professionals associated with Hemenway Financial Services may be either (1) registered representatives with, and securities and advisory services offered through LPL Financial, Member FINRA/SIPC, a registered investment advisor; or (2) solely tax professionals of Hemenway Associates, Inc., and not affiliated with LPL Financial. Tax/accounting/CPA related services offered through Hemenway Associates, Inc. DBA Hemenway Financial Services. Hemenway Associates, Inc. is a separate legal entity and not affiliated with LPL Financial. LPL Financial does not offer tax advice or Tax/accounting/CPA related services. * Please note that any references to FINRA and SIPC on a website must be a hyperlink to the respective websites. FINRA should link to www.finra.org and SIPC should link to www.sipc.org