Hammer Asset Management LLC (Auburn)

Hammer Asset Management LLC is a large advisory firm based in Auburn. It manages $202.14 million of regulatory assets for 79 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, New Hampshire, and New York.

Hammer Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and asset allocation advice to institutions. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hammer Asset Management: assets under management

The assets under management (AUM) of Hammer Asset Management LLC is $202.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 113% since the beginning of its operation, and $155.65 million of the total AUM is attributable to clients outside of the United States.

The firm manages $202.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.56 million each.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is government bonds, which make up 26% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hammer Asset Management LLC for their services and products based on a percentage of assets under management. 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 Hammer Asset Management serves?

The firm provides services to individuals, insurance companies, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Hammer Asset Management is insurance companies with 1 clients and $155.65 million of assets under management. Among the 6 most similar advisory firms, Hammer Asset Management has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $202.14 million for 52 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Hammer Asset Management doesn't advise any private funds.

Careers at Hammer Asset Management 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. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Allan Hammer	Ceo, managing member	1 Aug 1990	Other	1352229
David A. Hammer 1998 Revocable Trust	Trustee	1 Oct 1998	25% - 50%	xxx-xx-xxxx
Karen Ann Hammer	Clerical, member	1 Jul 2000	Other	4355553
David Allan Hammer	Coo, portfolio manager, member	1 Jul 2000	Other	4355537
Karen Ann Yazinka	Clerical	1 Jul 2000	Other	4355553
Cynthia Ann Quiggin	Equities analyst, member	1 Dec 2004	Other	4904603
Cynthia Ann Hammer	Research analyst	1 Dec 2004	Other	4904603
Laura Lynn Freeman	Chief compliance officer, member	1 Mar 2016	Other	6678175
David Allan Hammer	Chief investment officer, member	1 Jan 2018	Other	1352229
David Allan Hammer	Chairman investment committee / principal owner / chief compliance officer	1 Jul 2019	Other	1352229

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
David Allan Hammer	Trustee	1 Oct 1998	Other	xxx-xx-xxxx

Based in Auburn

The principal office where Hammer Asset Management LLC performs its advisory services is located at 1223 High Street, Ste B1 2, Auburn, CA 95603 5017, 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 530-888-0999 or by fax 530-885-2829. The normal business hours are 9:00-3:00 pst on Monday - Friday.