Hfg Advisors, Inc. (Cincinnati)

Name: Hfg Advisors, Inc.
Address: 7355 E. Kemper Road, Cincinnati, OH, 45249
Telephone: (513) 891-5300

Hfg Advisors, Inc. is a large advisory firm based in Cincinnati. It manages $126.4 million of regulatory assets for 310 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Kentucky, Ohio, and Texas.

Hfg Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hfg Advisors: assets under management

The assets under management (AUM) of Hfg Advisors, Inc. is $126.4 million. The firm's AUM has grown by 26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $122.4 million in discretionary accounts and $4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $396.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4 million.

Hfg Advisors has custody of $1.2 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hfg Advisors, Inc. 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 Hfg Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Hfg Advisors is high net worth individuals with 63 clients and $96.41 million of assets under management. Among the 10 most similar advisory firms, Hfg Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $126.4 million for 160 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.

Hfg Advisors doesn't advise any private funds.

Careers at Hfg Advisors, Inc.

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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
Michael Robert Hackman	President and chief compliance officer	1 Nov 2015	75% - 100%	1738446

Based in Cincinnati

The principal office where Hfg Advisors, Inc. performs its advisory services is located at 7355 E. Kemper Road, Cincinnati, OH 45249, 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 (513) 891-5300 or by fax (513) 891-5334. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at hackmanfinancial.com.