What does Hantz Group do?
Hantz Group’s financial advisor service is an advisor-led financial planning and investment advisory service for individuals, households, business owners and retirement-plan clients. It focuses on building a planning relationship tailored to each client’s financial situation, with services that may include financial planning, portfolio management and retirement plan support.
Hantz Financial Services, Inc. has been in business since June 23, 1998, and is owned by Hantz Group, Inc. The company was Michigan-based, with 20+ offices, 150+ advisors, 700 employees and $18B+ under management.
Key service:
- Financial planning services: Horizon Planning, Premier Planning and Premier Business Planning
- Horizon planning service: This is Hantz’s basic financial planning package, covering core personal planning areas.
- Premier planning service: This is the more advanced individual planning package, aimed at higher-net-worth individuals and business owners.
- Premier business planning service: This package is focused on businesses and business owners
- Retirement plan services: Consulting for plan sponsors, including investment policy support, investment option recommendations, periodic investment reports, participant advice if selected.
- Investment portfolio and wealth management: Portfolio management based on financial needs, objectives, time horizon and risk tolerance, typically using model portfolios, mutual funds, ETFs and third-party separately managed accounts.
- SMA and UMA access: Hantz makes third-party separately managed accounts available and may use unified managed accounts for more complex portfolios.
- Direct indexing and private fund access: Hantz has partnered with Brooklyn Investment Group for direct indexing, and private equity opportunities may be offered to qualified clients.
Investment philosophy:
Hantz Group’s investment approach is planning-led and risk-based. It starts by reviewing each client’s goals, time horizon and risk tolerance, then uses fundamental analysis and asset allocation to build diversified portfolios across ETFs, mutual funds and separately managed accounts. But clients should note that diversification does not guarantee profits or prevent losses in declining markets.
What are the pros and cons of Hantz Group?
Here is a look at the pros and cons of Hantz Group.
Pros of Hantz Group:
- Broad planning scope: Hantz’s planning packages may cover financial position, protection planning, investment planning, retirement planning, estate planning and tax considerations.
- Advisor-led portfolio management: portfolios are tailored to client objectives, risk tolerance, time horizon and liquidity needs.
- Multiple investment structures: clients may access ETF models, mutual funds, third-party SMAs, UMAs, direct indexing and, for qualified clients, private equity opportunities.
Cons of Hantz Group:
- Fee complexity: Planning fees, advisory fees, model fees, third-party SMA fees, TAMP fees and product-level expenses may apply depending on the service used.
- Not a low-cost digital service: The model is built around advisors, planning packages and specialist coordination, not a simple robo-advisor experience.
- Maybe more than simple investors need: Hantz’s financial advisor services combine planning, portfolio management, retirement plan and business planning. Clients who only need a basic investment account may not need this level of service.
Hantz Group fees: How much does Hantz Group cost?
Hantz’s pricing depends on the selected service, account type and implementation choices.
- Horizon and premier planning: The annual fee for both planning packages is stated in the client’s Financial Planning and Consulting Agreement; Premier Planning fees may vary based on factors such as net worth, income, or tax complexity.
- Premier business planning: Fee generally starts at $1,320 and may be higher depending on complexity and business consulting needs.
- Portfolio management: Standard investment management fees generally range from 0.20% to 1.00% of assets under management or may be negotiated as a fixed fee.
- ETF model fees: Dynamic, Active and Index model portfolios each add a 0.20% model fee when used.
- Third-party SMA services: Hantz’s advisory fee for these accounts ranges from 0.12% to 1.00%, and separate program, manager, TAMP or model delivery fees may also apply.
- Retirement plan project-based fees: For project-based retirement plan services, hourly rates typically range from $100 to $300 per hour, while one-time flat fees typically range from $100 to $30,000, depending on the requested service and required professional expertise.
What is Hantz Group’s minimum account size?
Hantz Group does not disclose a formal minimum account size for its financial advisor services. The practical threshold may depend on the selected planning package, investment program, third-party manager or private fund eligibility. Private fund and private equity opportunities are described as available only to qualified clients.
Who should choose Hantz Group?
Hantz Group may fit clients who want an advisor-led relationship that connects planning, investments and related financial services.
Hantz Group works well for:
- Clients who want broad financial planning: Hantz’s planning services can cover financial position, investment planning, retirement planning, estate planning considerations and income tax considerations.
- Higher-net-worth individuals and business owners: The Premier Planning Service and Premier Business Planning Service are designed for more complex personal and business planning needs.
- Investors who want managed portfolios: Hantz may manage portfolios using ETFs, mutual funds, model portfolios, SMAs, UMAs and direct indexing, depending on the client’s objectives and risk tolerance.
Who might not benefit as much:
- Cost-sensitive investors: Hantz’s fee structure can include planning fees, advisory fees, third-party manager fees, TAMP costs, and other-related charges, so it may not suit investors looking for the simplest low-cost option.
- Clients who only need basic investing: Investors who only want a simple ETF portfolio may find Hantz’s broader planning and multi-service model more complex than necessary.
- Clients who prefer fully digital investing: Hantz is primarily an advisor-led planning and wealth management service, so it may not fit users who want a robo-advisor or app-first investing service.
Hantz Group: Is it secure?
Hantz Financial Services is a FINRA and SIPC member, and investment accounts are not held directly by Hantz.
For investment portfolio services, client assets are generally held at Charles Schwab & Co., Inc. Brokerage accounts opened through Hantz are carried by Hilltop Securities, Inc., and Hantz states that it does not have custody of client accounts.
Hantz also discloses privacy and IT security policies on its website. Its privacy policy says it uses security measures that comply with federal law, including computer safeguards and secured files and buildings.
Hantz Group: Customer service
Hantz’s service model is advisor-led. Clients can speak to an advisor by phone or contact form, and existing clients with service changes or cancellations should contact their financial advisor or local office during business hours.
For financial planning, review frequency depends on the selected service level and renewed financial planning clients receive at least annual meetings.
For investment management, Hantz’s asset management team reviews accounts at least quarterly and may provide quarterly portfolio reports.
Hantz Group: Mobile App
Hantz Group has an official mobile app called Hantz Group.
The app is mainly designed as a client finance-management and communication tool. Its listed purpose is to help users stay up to date with their current finances.
Is Hantz Group worth it?
Hantz Group’s financial advisor services may be worth considering for clients who want a broad, advisor-led planning relationship that connects financial planning, portfolio management, retirement planning, tax considerations and related specialist support.
The main trade-off is fee complexity, costs vary by service type, and clients may pay different planning fees, advisory fees, model fees, third-party manager fees, or other implementation-related costs depending on the services they use.
Overall, the service appears better suited to clients who value coordinated human advice than to investors mainly seeking a low-cost, simple, digital-only investment platform.
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