Hayden Harper Advisory, LLC (Charlotte)

Hayden Harper Advisory, LLC is a large advisory firm based in Charlotte. It manages $110.67 million of regulatory assets for 243 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of North Carolina, Ohio, Pennsylvania, and 4 other states.

Hayden Harper Advisory provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hayden Harper Advisory: assets under management

The assets under management (AUM) of Hayden Harper Advisory, LLC is $110.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $455.45 thousand each.

Hayden Harper Advisory has custody of $87.77 million in cash and securities for 45 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 33% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hayden Harper Advisory, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hayden Harper Advisory serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Hayden Harper Advisory is high net worth individuals with 30 clients and $95.36 million of assets under management. Among the 13 most similar advisory firms, Hayden Harper Advisory has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.73 million for 82 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.

Hayden Harper Advisory also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Hayden Harper Advisory, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael David Fox	Managing member, chief compliance officer	1 Sep 2009	Other	4283879
Charles Francis Mansfield	Managing member, chief compliance officer	1 Sep 2009	25% - 50%	2225900
Hayden Harper Inc.	Member/manager	1 Dec 2009	50% - 75%	06-1664535
Hayden Harper Advisory	Member	1 Dec 2009	25% - 50%	27-1572913
Scott Carmen Cannady	Member/manager	1 May 2014	50% - 75%	5037563
Inc. Cannady Financial	Member	1 Jan 2017	50% - 75%	81-3586147

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Hayden Harper	Owner	1 Oct 2002	75% - 100%	06-1664535
Michael David Fox	Owner	1 Dec 2009	50% - 75%	4283879
Scott Carmen Cannady	Owner	1 Jan 2017	75% - 100%	5037563

Based in Charlotte

The principal office where Hayden Harper Advisory, LLC performs its advisory services is located at 828 East Boulevard, Charlotte, NC 28203, which is also the mailing address of the firm. An additional office of the firm is in Greenville, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-343-2447 or by fax 704-343-4961. The normal business hours are 8:30am to 5pm on Monday - Friday.