Hobbs Group Advisors LLC (Columbia)

Name: Hobbs Group Advisors LLC
Address: 1704 Laurel Street, Columbia, SC, 29201
Telephone: 803-540-3034

Hobbs Group Advisors LLC is a large advisory firm based in Columbia. It manages $142.19 million of regulatory assets for 588 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Georgia, South Carolina, and Texas.

Hobbs Group Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and consulting. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hobbs Group Advisors: assets under management

The assets under management (AUM) of Hobbs Group Advisors LLC is $142.19 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $89.82 million in discretionary accounts and $52.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $176.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $654.55 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hobbs Group Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Thomas Hobbs serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mark Thomas Hobbs is pension and profit sharing plans with 50 clients and $59.46 million of assets under management. Among the 8 most similar advisory firms, Hobbs Group Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $142.19 million for 291 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Hobbs Group Advisors doesn't advise any private funds.

Careers at Hobbs Group Advisors LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mark Thomas Hobbs has been acting as President since 1 Nov 2006. Peter A Pigeon joined the executive team most recently as the Chief Investment Officer / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Thomas Hobbs	President	1 Nov 2006	75% - 100%	4079959
Peter A Pigeon	Chief investment officer / chief compliance officer	1 Nov 2006	25% - 50%	4550227

Based in Columbia

The principal office where Hobbs Group Advisors LLC performs its advisory services is located at 1704 Laurel Street, Columbia, SC 29201, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 803-540-3034 or by fax 803-540-3032. The normal business hours are 8:30 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at hobbsgroupadvisors.com.