Hc Advisors LLC (Sandy Springs)

Name: Hc Advisors LLC
Address: 750 Hammond Drive, Sandy Springs, GA, 30328
Telephone: 404-705-4593

Hc Advisors LLC is a large advisory firm based in Sandy Springs. It manages $254.37 million of regulatory assets for 497 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and Texas.

Hc Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and general consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hc Advisors: assets under management

The assets under management (AUM) of Hc Advisors LLC is $254.37 million. The firm's AUM has grown by 96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $247.81 million in discretionary accounts and $6.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $558.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $123.62 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 21% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hc Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hc Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Hc Advisors is high net worth individuals with 59 clients and $236.42 million of assets under management. Among the 5 most similar advisory firms, Hc Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $254.19 million for 122 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.

Hc Advisors doesn't advise any private funds.

Careers at Hc Advisors LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Lily Melinda Hsieh joined the executive team most recently as the Chief Compliance Officer/Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Christopher Henning	Managing member/chief executive officer	1 Jul 2012	75% - 100%	2878734
Leonard Henderson Seawell	Chief compliance officer	1 Jul 2012	Other	4748596
Deborah Dawn Davis	Chief compliance officer	1 Jul 2013	Other	1170564
Lily Melinda Hsieh	Chief compliance officer/chief operating officer	1 Oct 2018	Other	4920024

Based in Sandy Springs

The principal office where Hc Advisors LLC performs its advisory services is located at 750 Hammond Drive, Sandy Springs, GA 30328, 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 404-705-4593 or by fax 404-705-4596. The normal business hours are 7:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at hc-adv.com and its LinkedIn profile.