Icon Wealth Management Client Composition:
individuals – not high net worth: 75% +
“high net worth”: 0
banking: 0
investment companies: 0
pensions: 0
other pooled: 0
charitable: 0
corp: 0
all other: 0
Total AUM at filing, Icon: 22.7MM
182 accounts
Heritage Wealth Management, Inc. Client Composition (2005):
individuals- not high net worth: 51-75%
“high net worth”: 26-50%
banking: 0
investment companies: 0
pensions: 0
other pooled: 0
charitable: 0
corp: 0
all other: 0
Total AUM at filing, Heritage: 44MM
(Ceased operation under SEC regulation in 2005, either moving to Icon or to State regulation).
343 accounts
Earlier: Today’s Ponzi Trifecta Begins?
[Note: Heritage Wealth Management, Inc., Schrenker's firm should not be confused with Heritage Wealth Management, LLC, the apparently unconnected San Diego firm]
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Tags: Heritage Wealth Management, I can fly! I can fly!, Icon Wealth Management, Marcus Schrenker
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Too Form, didn’t ADV…
http://www.iconwm.com/includes/images/page/stock1.jpg
They even steal stock images from Cialis.
Luke Wilson is already getting calls to star in the Hollywood adaptation. No brainer.
ah @2, they didn’t even rename the image, 1st sign that they were f’in pikers
Sir Anal, Please don’t put down Pikers like that, these Rubes never made it to Piker status.
The planning deployed in this silly adventure is definitely closer to a Cheech and Chong movie.
Up in Smoke comes to mind.
http://www.youtube.com/watch?v=–gK-K01tzc
Wow, average client assets $124,000. How…pedestrian.
This sucks. At least Madoff’s clients were rich.
@6
Yeah, If I can find several more clients that have that much in savings I can buy me a new plane.
All I need to do is make sure there are no redemption’s and that I keep sending out those statements.
Umm, do you guys have a deal with Gawker.com? They just scammed everything from here (pics, details, etc.). I guess I have a “vested interest” since I found that car/wife/plane photo! Outrageuos.
http://gawker.com/5130043/executive-stages-plane-crash-fails-to-fake-death
Dude, 1% of 60 million is only 600,000. Is that all one can hope to make in the wealth management business?
@10: In Indiana, that’s like winning Powerball. A huge house is half that amount.
And it gets better. Schrenker checked in under a name similar to his dead stepfather’s (from CNN):
“When authorities entered Schrenker’s room, he was not there,” the release said.
Authorities said Schrenker checked in under a fake name, put on a black cap and fled into a wooded area.
Hotel manager Yogi Patel, who identified Schrenker on surveillance video, told CNN that Schrenker was the only guest overnight. He signed in as Jason Galouzs of Bolingbrook, Illinois, Patel said.
A hotel employee said Schrenker went up to his room, but didn’t enter before leaving the building. iReport.com: Are you near the crash site? Tell us about it
Steve Darlington, manager of Anderson Municipal Airport, told CNN the plane was in fine condition at takeoff, and said Schrenker is “an accomplished pilot” who owns “a couple of airplanes” and flies regularly.
No agency has come forward to lead the probe.
Damn, now FoxNews has the “Hold my junk” picture on their main page. Now they are stealing from DB.