Geoffrey J. Hemenway is a Financial Advisor and Financial Planner, in Kaneohe. He joined Hemenway Financial Services, a group of independent advisors registered with LPL Financial, in 2014. In 2020, Geoff purchased Hemenway Financial Services from his late grandfather, Joseph Hemenway.
Geoff is passionate about helping individuals and families to plan and work toward their unique goals as they approach and enjoy retirement (or as he likes to call it - Financial Independence).
Geoff proudly has a Bachelor of Science degree from Creighton University. He enjoys spending time with his wife, Shannon, and son, Joseph, along with friends and family. He is also a big sports fan and enjoys traveling
Here at Hemenway Financial Services, we hope to help you and your family find a path towards achieving your goals. We do this by working with you to build a comprehensive financial plan or, if needed, individual topic planning. In doing this, we hope to align what's important to you (family, travel, financial independence, charity/community etc.) with how you utilize and how you invest your money.
We work mostly with people that are approaching (5-10 years before) and in retirement. We feel that we have a strong history of helping families to plan for this stage in life. We've also helped several of our client's adult children with planning in the different stages of their life.
We'd love an opportunity to see if we are a good fit for you and your situation.
General Information |
| Firm Start Year: | 1986 | |
| No. of Employees: | 2-4 | |
| Insurance License#: | 18855141 |
| Name of Broker/Dealer: | LPL Financial |
| Name of Custodial Firm: | LPL Financial |
| States Licensed in: | AK, AZ, CA, CO, CT, FL, HI, IA, IL, KS, MN, MO, ND, NE, NV, OK, TX, WA |
| Number of Years with Current Firm: | 3 |
| Work with the following types of clients: | Businesses, Individual Investors |
| Advisory Services Provided: | Education Funding and Planning, Financial Planning for Individuals, Tax Advice and Services, Risk Management, Financial Advice & Consulting, Investment Advice & Management, Insurance Products & Annuities, Financial Planning, Retirement Planning, 401K Rollovers, Wealth Management |
Services |
| Investment Types: | Mutual Funds, Bonds, Stocks, Annuities, Insurance, Exchange Traded Funds (ETFs), Alternative Investments |
| Can meet clients in the following ways: | Your Office, Email, Video Conference, Our Offices, Your Home, Phone, Our Office |
Qualifications & Memberships |
| Insurance and Annuity Licenses: | Variable Life, Long Term Care, Variable Annuity, Life, Health, Annuity |
Firm Information |
| Firm's Number of Clients: | 250 |
| Firm's Number of Planning Clients: | 60 |
| Firm's Number of Managed Clients: | 60 |
| Assets Managed by Firm: | 60 |
| Advisor's Number of Clients: | 250 |
| Advisor's Number of Managed Clients: | 75 |
| Advisor's Number of Planning Clients: | 75 |
| Assets Managed by Advisor: | $37,000,000 |
Compensation and Fees |
| Fee Structure: | Fee-Based |
| Minimum Portfolio Size for New Managed Accounts: | $250,000 |
| Compensation Methods: | Hourly, Based on Assets |
| Fee % Based on Assets: | 1 |
| Hourly Rate: | $250 |
| Additional Details on Charges: | We use a tiered management fee that lowers the fee as the household account(s) size increase. This is a blended fee that begins at 1% up to $1,000,000 and decreases 0.1% for each million dollars over $1,000,000. At $5,000,000 in assets the fee is a flat 0.5%. |
Education |
| Bachelor of Science | Creighton Univesity - Omaha, NE 08/01/2003-05/31/2007 |
FAQs |
Why should I choose you as my financial advisor?I think each person/family should choose a financial advisor that they feel comfortable with and they believe can help them to pursue whatever goals they are trying to accomplish. |
How do you charge for your services?I'm a fee-based advisor, that charges a percentage based on assets under management. This is tiered or blended rate and starts at 1% under $1 million and drops 0.1% for each additional million. For example a $2,000,000 household would be 1% for the first million and 0.9% for the second million averaging out to 0.95% for the total. Above $5,000,000 the fee is a flat 0.5% and is not tiered as previously discussed. If there is a unique or particular need that a specific product is necessary, there may be commissions that our office receives. |
What services do you provide? What are your specialties?We provide comprehensive financial planning or targeted planning, depending upon need and urgency. I work with individuals and families between $500,000-$5,000,000 in investable assets that are approaching or in retirement. |
What is your experience? How many clients do you currently manage?I have been in the industry for 9 years and am also an owner within a family owned and operated tax and accounting office. I currently have approximately 75 Advisory Clients that are fee-based. Overall, our office manages a total that is approximately 250 households. |
What financial institution(s) do you represent?We are independent advisors registered with LPL Financial. |
Disclosures |
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WiserAdvisor provides referrals to financial professionals of LPL Financial, LLC (LPL). WiserAdvisor is not a current client of LPL for brokerage or advisory services. Financial professionals of LPL pay WiserAdvisor cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. LPL ADV 2A https://www.lpl.com/content/dam/lpl-www/documents/disclosures/A58.pdf Additional Detailed Disclosures https://www.lpl.com/content/dam/edam/format/disclosure/wiseradvisor-lpl-detailed-disclosures.pdf |
Disclaimer |
| Professionals associated with Hemenway Financial Services may be either (1) registered representatives with, and securities and advisory services offered through LPL Financial, Member FINRA/SIPC, a registered investment advisor; or (2) solely tax professionals of Hemenway Associates, Inc., and not affiliated with LPL Financial. Tax/accounting/CPA related services offered through Hemenway Associates, Inc. DBA Hemenway Financial Services. Hemenway Associates, Inc. is a separate legal entity and not affiliated with LPL Financial. LPL Financial does not offer tax advice or Tax/accounting/CPA related services. * Please note that any references to FINRA and SIPC on a website must be a hyperlink to the respective websites. FINRA should link to www.finra.org and SIPC should link to www.sipc.org |
Registered Investment Advisor:
Yes
Registered Representative:
Yes
Investment Advisor Representative:
Yes
Acknowledged fiduciary:
Yes
Compliance Disclosures in Last 5 years:
I have a clean record
Criminal Disclosures in Last 5 years:
I have a clean record
| Mon. | 9:00 AM - 6:00 PM |
| Tue. | 9:00 AM - 6:00 PM |
| Wed. | 9:00 AM - 6:00 PM |
| Thu. | 9:00 AM - 6:00 PM |
| Fri. | 9:00 AM - 6:00 PM |
| We have connections with clients in multiple states. |
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