Heyman Investment Counseling LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$105,122,000
Clients
35
74% high-net worth
Advisors
1
of 2 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
35
LowAverage account size
$3,003,486
About
Heyman Investment Counseling LLC is a small, state‑registered advisory firm that provides portfolio management and investment advice primarily to individuals, trusts, private foundations and retirement accounts, overseeing roughly $105 million across about 35 client relationships. In addition to tailored portfolio management, the firm also provides non‑discretionary advisory services to an unaffiliated third‑party investment adviser.
The firm typically constructs balanced portfolios with a core large‑cap equity approach that blends value and growth, using mutual funds and ETFs to add international, small‑ and mid‑cap exposure when appropriate; fixed‑income allocations emphasize higher‑quality Treasuries, corporates, municipals and CDs. Investment decisions are based on a mix of fundamental, valuation and technical analysis, with a focus on aligning holdings to long‑term market trends and holding periods that can extend beyond five years.
Distinctive features include the uncommon engagement of providing general, non‑tailored advice to another investment adviser — HIC does not control that adviser’s client recommendations or trading — and a long tenure and professional credentialing of its sole portfolio manager (CFA, 40+ years of experience). The firm also discloses longstanding research and custody relationships with a bank custodian (including a custody discount and shared research) and outside business activity in real‑estate management that is reported as separate from its advisory activities.
Client services
Portfolio management
Periodic consultation for other investment advisor's investment managemnt team
Periodic consultation for other investment advisor's investment managemnt team
Expertise
Wealth management
Concentrated stock management
Fee options
Flat fee negotiated and paid quarterly for advisory services provided to third-party investment adviser (no standard schedule)
$0+: 0.25% (25 basis points) if portfolio held with bank custodian such as PNC or LCNB Bank (custodian handles trading and administration) $0+: 0.40% (40 basis points) for assets under management at PNC bank custodian $0+: 0.65% (65 basis points) for assets under management at LCNB bank custodian $0+: up to 0.50% (50 basis points) if portfolio held with brokerage firm requiring more involvement in trading securities
Account minimum: $500,000
Main office location
Heyman Investment Counseling LLC
San Diego CA, United States
Number of offices
1
Most active in
Heyman Investment Counseling LLC has reported serving >5 clients in these states in the last 12 months.
California · Illinois · Ohio
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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