Hallett & Associates, P.S. (Port Angeles)

Name: Hallett & Associates, P.S.
Address: 321 East First Street, Port Angeles, WA, 98362 0338
Telephone: 360-457-6000

Hallett & Associates, P.S. is a large advisory firm based in Port Angeles. It manages $104.77 million of regulatory assets for 796 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Florida, and Washington.

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

Hallett & Associates, P.S: assets under management

The assets under management (AUM) of Hallett & Associates, P.S. is $104.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $104.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $131.63 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% 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 Hallett & Associates, P.S. 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 James Dennis Hallett serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of James Dennis Hallett is individuals with 225 clients and $62.02 million of assets under management. Among the 10 most similar advisory firms, Hallett & Associates, P.S has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $104.35 million for 267 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.

Hallett & Associates, P.S doesn't advise any private funds.

Careers at Hallett & Associates, P.S.

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

James Dennis Hallett has been acting as President since 1 Jan 1999. Matthew Scott Miller joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Dennis Hallett	President	1 Jan 1999	75% - 100%	1693123
James Dennis Hallett	Chief compliance officer	1 Oct 2004	Other	1693123
Matthew Scott Miller	Chief compliance officer	1 Feb 2017	25% - 50%	5085796

Based in Port Angeles

The principal office where Hallett & Associates, P.S. performs its advisory services is located at 321 East First Street, Port Angeles, WA 98362 0338 The mailing address of the firm is 321 East First Street, Port Angeles, WA 98362 0338. An additional office of the firm is in Bellingham, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 360-457-6000 or by fax 360-457-6030. The normal business hours are 8 a.m. to 5 p.m. pt on Monday - Friday. You can find more information about the New York firm at hallettadvisors.us.