Hornor, Townsend & Kent, Inc. (Horsham)

Hornor, Townsend & Kent provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hornor, Townsend & Kent: assets under management

The assets under management (AUM) of Hornor, Townsend & Kent, Inc. is $1.68 billion. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $319.61 million in discretionary accounts and $1.36 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $257.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $326.85 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hornor, Townsend & Kent, Inc. 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 Susan Twine Deakins serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Susan Twine Deakins is individuals with 5,027 clients and $1.13 billion of assets under management. Among the 9 most similar advisory firms, Hornor, Townsend & Kent has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.68 billion for 5,415 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.

Hornor, Townsend & Kent doesn't advise any private funds.

Careers at Hornor, Townsend & Kent, Inc.

The company employs 656 people that are either part- or full-time employees. 96 percent of the employees work as investment advisers or researchers. 630 employees are registered as investment adviser representatives with the state securities authorities.

There are 630 people 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 receive compensation from other entities for client referrals.

Susan Twine Deakins has been acting as President since 1 Jun 2012. Gregory Joseph Driscoll joined the executive team most recently as the Chief Information Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Horsham

The principal office where Hornor, Townsend & Kent, Inc. performs its advisory services is located at 600 Dresher Rd, Horsham, PA 19044, which is also the mailing address of the firm. An additional office of the firm is in Hunt Valley, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-957-7300 or by fax 215-957-7334. 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 htk.com.

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