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Higgins & Schmidt Wealth Strategies
Founded in 2010, Higgins & Schmidt Wealth Strategies was established as a Denver-based registered investment advisor. The firm serves individuals,...
Higgins & Schmidt Wealth Strategies
Founded in 2010, Higgins & Schmidt Wealth Strategies was established as a Denver-based registered investment advisor. The firm serves individuals, high-net-worth families, and charitable organizations, providing a fiduciary duty that requires it to place client interests above its own — a legal obligation that broker-dealers and hybrid advisors do not always carry. Higgins & Schmidt constructs portfolios spanning public equities, fixed income, and alternative investments. The firm manages these assets through separately managed accounts rather than commingled funds, giving each client a distinct allocation shaped by their own liquidity needs and tax circumstances. Investment management is bundled with retirement planning, tax strategy, and estate planning — a multi-disciplinary model that integrates asset allocation with broader wealth-transfer and income-planning decisions. The firm's geographic footprint is concentrated in Colorado. As a compact wealth manager, Higgins & Schmidt operates without the sprawling departmental silos common at national wirehouses. The firm has maintained a single-office presence in Denver since inception. Client advisory and portfolio management functions are not separated into distinct units, which typically shortens the distance between a client's tax preparer, estate attorney, and the person executing trades on their behalf. No adjacent philanthropic vehicle, operating business, or co-investment club has been disclosed. The firm's registered investment advisor structure is its primary differentiator. Unlike broker-dealer models where compensation can be tied to product sales or transaction volume, Higgins & Schmidt is compensated through advisory fees based on assets under management. This aligns the firm's revenue trajectory with portfolio performance and client retention rather than trading activity — a structural choice that shapes its posture as a planning-led rather than product-led practice.
General information
Firm type
Bank / Wealth / Trust
Year founded
2010
AUM
Sub-$500M (Altss estimate)
Location
Region
North America
Country
United States
City
Denver
Corporate office
Denver, CO, United States
Frequently asked questions
Is Higgins & Schmidt a fiduciary, and how does that affect client portfolios?
Yes. As a registered investment advisor, Higgins & Schmidt operates under the Investment Advisers Act of 1940, which imposes a fiduciary duty to act in clients' best interests. This means the firm cannot recommend investments that generate higher commissions or fees for itself if a lower-cost, equally suitable option exists. In practice, it shapes the firm's posture toward fee-based advisory accounts rather than commission-driven brokerage, aligning revenue with asset growth rather than transaction volume.
Does Higgins & Schmidt manage pooled funds or only individual accounts?
The firm constructs portfolios through separately managed accounts tailored to each client's tax situation, liquidity needs, and estate-planning goals. No pooled or commingled vehicle — such as a proprietary mutual fund or private equity fund — has been disclosed. This individual-account architecture gives clients direct ownership of underlying securities, which can offer greater tax-loss harvesting precision than a fund-of-funds structure.
What types of clients does Higgins & Schmidt typically serve?
The firm advises individuals, high-net-worth individuals, and charitable organizations. Its service model integrates investment management with retirement planning, tax strategy, and estate planning, which tends to attract clients who want a single advisory relationship spanning both their balance sheet and their long-term wealth-transfer goals rather than a siloed investment-only mandate.
Does Higgins & Schmidt have offices outside of Colorado?
No additional offices have been disclosed. The firm has maintained a single presence in Denver since its founding in 2010, and its client base is concentrated in Colorado. This single-office model is typical of boutique RIAs that prioritize advisor-client proximity over geographic expansion.
How does Higgins & Schmidt charge for its services?
The firm's compensation is fee-based, calculated as a percentage of assets under management. This is consistent with the registered investment advisor model, where fees are tied to portfolio value rather than product sales or trading commissions. The exact fee schedule has not been publicly disclosed, and fee rates for RIAs of Higgins & Schmidt's scale typically vary with account size and service complexity.
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