H&R Block Financial Advisors, Inc. (Detroit)

H&R Block Financial Advisors, Inc. is a large advisory firm based in Detroit. It manages $2.86 billion of regulatory assets for 18,873 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

H&R Block Financial Advisors provides financial planning services, pension consulting services, and market timing services. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

H&R Block Financial Advisors: assets under management

The assets under management (AUM) of H&R Block Financial Advisors, Inc. is $2.86 billion. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $51.19 million in discretionary accounts and $2.81 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $164.82 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay H&R Block Financial Advisors, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at H&R Block Financial Advisors, Inc.

Jeffery William Yabuki has been acting as President since 1 Aug 2005. David Edward Geschke joined the executive team most recently as the Svp, Chief Operating Officer, Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 3 indirect owners.

Based in Detroit

The principal office where H&R Block Financial Advisors, Inc. performs its advisory services is located at 719 Griswold, Detroit, MI 48226, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach Gardens, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 313-628-1200 or by fax 313-628-1414. The normal business hours are 8:00 am - 5:00 pm et on Monday - Friday. You can find more information about the New York firm at investment-center.hrblock.com.

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