Overview
ADVISORY BUSINESS
A. General Description of Advisory Firm
Total Management Group, Inc. d/b/a Heller Wealth Management (“HWM”) is incorporated
in the state of New York. HWM became registered as an Investment Adviser Firm with the SEC on
January 17th 2003. Larry Heller CFP®, CPA® is the principal of the firm.
B. Description of Advisory Services
INVESTMENT ADVISORY SERVICES
HWM primarily provides discretionary investment advisory services on a fee basis. HWM
manages investment portfolios for individuals, pension and profit-sharing plans, trusts, and
business entities. HWM primarily recommends investments consisting of no-load, institutional
class mutual funds in addition to individual fixed income securities. HWM works with the Client
to determine the Clients investment objectives to create their investment strategy. For certain
retirement plans or other accounts held by the client HWM will manage the accounts on a non-
discretionary basis.
HWM, in limited circumstances, may provide non-discretionary investment advisory
services for those clients setting up accounts with third-party money managers. When a client
engages us to provide services on a non-discretionary basis, we monitor the accounts in the same
way as for discretionary services. The difference is that changes to your account will not be made
until we have your approval (either verbally or in writing), prior to each and every transaction, that
our proposed change is acceptable to you.
FINANCIAL PLANNING AND CONSULTING SERVICES
HWM may provide its clients with a broad range of comprehensive financial planning and
consulting services (including non-investment related matters), which may address, among other
issues, estate and retirement planning, taxes, insurance, college planning, long term care issues
and/or investment recommendations.
RETIREMENT PLAN FIDUCIARY SERVICES
In certain instances, HWM may provide fiduciary services to retirement plan sponsors. In
this
regard, HWM has expertise in advising retirement plans and their participants regarding the
proper and effective use of mutual funds for investing. HWM may act as the investment manager
for pension plans as such term is defined in Section 3(38) of ERISA. As such, HWM shall have
discretion over the establishment of the pension plan’s investment policy, the prudent selection,
monitoring, removal, and replacement of the pension plan’s investment options. HWM will be
serving as a fiduciary to pension plans under ERISA in performing these functions. Please refer to
the Plan Agreement for relative fees and costs associated with this service.
SUB-ADVISORY/CUSTODIAL ARRANGEMENTS
HWM primarily recommends that investment management accounts be maintained at
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Schwab Institutional (“Schwab”). HWM, at times may allocate a portion of a client’s investment
assets to an unaffiliated independent investment manager through the Managed Account Access
and Marketplace programs. In such situations, the Independent Manager shall have active
discretionary management of the allocated funds. HWM shall continue to render investment
supervisory services to the client relative to the review of account performance, asset allocation
and client investment objectives.
HWM has agreements with Aspire and PCS Retirement as administrative management
companies for 401(k) and 403(b) plans. Participant assets are held at either Schwab or Matrix.
C. Availability of Customized Services for Individual Clients
HWM shall provide investment advisory services specific to the needs of each client. Prior
to providing investment advisory services HWM will ascertain each client’s investment
objective(s). The client may, at any time, impose reasonable restrictions, in writing, on HWM’s
services.
D. Wrap Fee Programs
We do not participate in a wrap fee program.
E. Assets Under Management
As of April 9, 2024, HWM had a total of $404,000,000 in assets under management.