When a Midwestern regional bank bought the independent firm financial planner Marc Henn worked for in 2002, his clients questioned where their interests ranked on the firm's list of priorities. "My clients encouraged me to start my own firm," Henn says. In 2008, he did, founding Harvest Financial Advisors of West Chester, Ohio. Over the years, many of his wealth management clients have grown into family-office clients.
Henn, who's also the firm's president, divides his clients into three basic groups: four family-office clients with a minimum asset base of $15 million; three clients transitioning to family-office status with an asset base of $7 million to $15 million; and wealth management clients with a $1 million minimum. These days, Harvest Financial Advisors has about $350 million in assets under management for 90 clients.
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