Description of the Firm
Heritage Financial Advisors, LLC provides fee-only financial planning, investment consultation and
investment management services that depending upon each client's unique circumstances or specific
request may be general in nature or focused on particular areas of interest or need.
Our firm is an Ohio limited liability company that had been formed in 2010. We are not a subsidiary of,
nor do we control, another financial services industry entity. Heritage Financial Advisors, LLC is
registered as an investment advisor with the Securities and Exchange Commission (SEC) and is notice
filed in Ohio. The firm and its associates may also register, become licensed or meet certain exemptions
to registration and/or licensing in other jurisdictions in which they conduct advisory business.
Majority ownership of LLC units (shares) is held by Heritage II, LLC and by S.M. Wright, LLC. All of these
entities are owned by the firm’s principal executive, Sasha Wright and her information is provided in
Item 19 of this brochure. Sasha Wright also serves as the firm’s Chief Compliance Officer (supervisor).
The majority of the firm’s activities involve providing management of client assets. We also furnish
investment advice through consultations that does not include continuous management of an account,
as well as financial planning services.
Heritage Financial Advisors, LLC does not sponsor or serve as portfolio manager for a wrap fee
investment program.
Client Assets Under Management
As of December 31, 2023, our firm had approximately $157 million
1 dollars of client assets under
management through non-discretionary account agreements (as defined in Item 16-Investment
Discretion).
Introductory Review
A complimentary interview is conducted by a qualified representative of the firm to determine the scope
of services to be provided. During or prior to this meeting, you will be provided with the firm’s current
ADV Part 2 advisory brochure
2 that also incorporates its privacy policy statement. The firm will ensure
any material conflicts of interest are disclosed regarding the firm and its associates that could be
reasonably expected to impair the rendering of unbiased and objective advice.
Should the client wish to engage Heritage Financial Advisors, LLC for its services, parties must enter into
a written agreement, with further discussion and analysis conducted thereafter to ascertain financial
need, goals, holdings, etc., as provided by the client.
1 The term “assets under management” and rounding to the nearest $100,000 are as defined by the SEC’s 2014 General
Instructions for Part 2 of Form ADV.
2 In consonance with the SEC’s 2010
General Instructions for Part 2 of Form ADV (page 22) the firm provides requisite principal
executive information within Item 19 of this document that might otherwise be found in Form ADV Part 2B.
Form ADV Part 2 - 20240229 Page 5 of 29
Financial and portfolio planning will be based upon the information disclosed by the client or their legal
agent, and incorporate the client's financial situation at the time the plan is presented. In performing its
services the firm may, but is not required to, verify any information received from the client or from the
client's agents.
Financial Planning and Investment Consultation Services
The firm provides financial planning and investment consultation services relating to various
components which may be either broad-based or modular as the client may desire. Financial planning
services may be provided on such subjects as: cash flow analysis, retirement capital needs, education
funding, estate planning, charitable giving, or other specific needs as indicated by the client. Investment
consultation may involve educating the client in the types of investment vehicles available, investment
analysis and strategies, asset selection, as well as assisting the client in establishing their own
investment account at their selected broker/dealer or custodian. The firm typically utilizes a long-term
investment perspective, unless specifically requested to the contrary by the client.
The client retains absolute discretion over all implementation decisions and is free to accept or reject
any recommendation made by the firm. When the firm services focus only on certain areas of client
interest or need, the client must understand that their overall financial situation or needs may not be
fully addressed due to limitations they have established. Moreover, it remains each client's
responsibility to promptly notify Heritage Financial Advisors, LLC if there is a material change in their
financial situation or investment objectives for the purpose of evaluating or revising the firm's
recommendations.
The firm does not provide accounting or legal advice or services under its financial planning
engagements. With the client's consent, the firm may work with the client's other advisors
(accountants, attorneys, etc.) to assist with coordination and implementation of accepted strategies.
Engagements involving financial planning and investment consultation services may be concluded upon
delivery of the requested service. Clients are encouraged to contact the firm in the future, and at no
time will these services span a calendar year period. Unless Heritage Financial Advisors, LLC is engaged
for long-term services, pursuant a written agreement, it would be the client's responsibility to reengage
these future services under a new or amended engagement.
Workshop Presentations
Appropriately trained and registered firm personnel may provide educational workshops on an “as
announced” basis for groups desiring general advice on investments and personal finance. Topics may
include issues related to wealth management, financial planning, retirement strategies, or various other
economic and investment topics.
Such workshops or programs are purely educational in nature and do not involve the sale of any
investment products. Information presented will not be based on any one person’s need, nor does the
firm provide individualized investment advice to attendees during these sessions.
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