HEARTWOOD FUNDS

RIASEC RegisteredEst. 2006

Total AUM

$318M

Discretionary

$88.9M

28% of AUM

Avg account

$106M

Accounts

Employees

Advisory reps

Firm details

Headquarters: New York, New York
CRD number: 136940
Registered since: March 6, 2006
Website: www.centreasset.com
Fee structure: Percentage of AUM, Fixed Fees, Performance Based Fees
Client types: Sovereign Wealth Funds72.01%
Pooled Investment Vehicles27.99%
Services: Portfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsSelection of Other Advisers

Firm profile

FINTRX

Overview

Heartwood Funds is an institutional-focused investment manager that acts primarily as a portfolio manager for pooled investment vehicles and for businesses or institutions, and also selects and oversees other advisers. The firm is structured as a limited liability company, has been SEC-registered since 2006, and is owned by an individual. Its client base skews institutional and its fee arrangements include percentage-of-AUM, fixed fees and performance-based fees. Investment activity is tilted toward equities, with a clear operating mandate to run pooled vehicles alongside separate account work. Heartwood Funds is not identified as an active ESG investor and is not registered as a multi-state adviser. Its advisory scope and fee mix indicate a hybrid business that combines fund management with institutionally oriented separate-account services and manager selection.