Heritage Investors Management Corp

**Heritage Investors Management Corporation Summary:** **Background and Expertise:** Heritage Investors Management Corporation, established in 1974, is a registered investment advisor providing personalized investment management services. The firm is owned by President Michael S. Cornfeld and his family's Trusts. Heritage manages portfolios of stocks, bonds, ETFs, and money market instruments for various clients, tailoring each portfolio to individual objectives and considering factors like risk level, tax situation, and growth needs. **Consumer-Facing Terms:** - Minimum Initial Investment: Raised from $1,000,000 to $2,000,000 - Minimum Fee: Raised from $10,000 to $15,000, negotiable in certain circumstances - Fee Structure: 1.00% on the first $1,000,000 under management, 0.50% on the balance over $1,000,000 - Fiduciary Duty: Firm operates under a special rule to act in the client's best interest - Investment Discretion: Clients grant discretionary authority for selecting securities **Advisory Business Description:**