Heartland Advisors, Inc. logo

Heartland Advisors, Inc.

Updated today

Total assets under management

$1,920,597,980

Total clients

80

60% high-net worth

Total advisors

15

of 26 employees

Firm size

Investment Manager

May not manage individual clients

Average clients per advisor

5

Average account size

$24,007,475

About

Heartland Advisors, Inc. provides discretionary investment management primarily to pooled vehicles and institutional clients and also serves a range of other clients, including wrap/UMA program sponsors and other ànancial intermediaries. The Firm is also the investment adviser to Heartland Group, Inc. and its series mutual funds (the HGI Funds), and it offers separately managed account strategies based on its value-oriented mandates.

Heartland’s investment approach is bottom-up fundamental value investing, guided by a structured 10-Principles framework used to screen, research and monitor positions, with portfolio decisions typically implemented on a discretionary basis. The Firm describes a consistent process of detailed company analysis, watch lists and periodic screens, and it may in limited circumstances employ covered options or futures and offer customized portfolio management to meet client needs.

Compared with many peers, Heartland combines traditional institutional and pooled vehicle management with a broader client mix that includes charitable organizations, pension and profit-sharing plans, corporate clients, other investment advisers, and both high-net-worth and non-high-net-worth individual accounts. The brochure also discloses a past SEC administrative proceeding resolved in 2017 (a cease-and-desist order and a $180,000 civil penalty, with no admission or denial), and it notes Heartland’s active role as subadviser and program participant in wrap and UMA arrangements and as adviser to the HGI mutual fund complex.

Client services

Portfolio management

Expertise

Active portfolio management

Fee options

Percentage

$0 - $5,000,000: 1.00% $5,000,001 - $15,000,000: 0.85% $15,000,001+: Negotiable

Other

Account minimum: $1,000,000 for Value Strategy, Small Cap Value Strategy, and Small Cap Value Plus Strategy; $500,000 for Mid Cap Value Strategy and Opportunistic Value Equity Strategy; minimums may be lower for wrap or model portfolio programs or negotiable. Fee-only: Annual percentage of assets under management, tiered as above.

Main office location

Heartland Advisors, Inc.

790 N Water Street Suite 1200

Milwaukee WI 53202, United States

Number of offices

1

Most active in

California · Florida · Illinois · Louisiana · Maryland · Massachusetts · Michigan · Minnesota · Missouri · Nebraska · Nevada · New Jersey · New York · Ohio · Tennessee · Texas · Wisconsin

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

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