Heritage Financial Services

Heritage Financial Services, LLC is a fee-based registered investment adviser specializing in asset management and financial planning services. Established in 1996 by Charles S. Bean III, the firm offers services such as asset management, financial planning, and educational seminars/webinars. Heritage primarily uses open-end mutual funds, ETFs, closed-end interval funds, separately managed accounts, and limited partnerships in client portfolios. The firm acts as a fiduciary, ensuring advice is in the best interest of clients. Clients can impose restrictions on investments, and Heritage provides ongoing management with discretion to make changes to accounts. Fees are based on a tiered schedule, starting at 1.00% for the first $0 to $2,500,000 of assets. Clients receive quarterly statements and performance reports. Heritage does not charge performance-based fees, and the minimum household size for services is generally $1,000,000. The firm does not have custody of client funds but may have custody through Standing Letters of Authorization. Clients can grant Heritage discretionary authority for account management. Heritage does not vote client securities but provides guidance if requested. The firm is financially stable with no bankruptcy history.