The Hogan Knotts Financial Group, Inc. (Red Bank)

Name: The Hogan Knotts Financial Group, Inc.
Address: 298 Broad St, Red Bank, NJ, 07701
Telephone: 732-842-7400

The Hogan Knotts Financial Group, Inc. is a large advisory firm based in Red Bank. It manages $226.93 million of regulatory assets for 699 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, New Hampshire, New Jersey, and Texas.

The Hogan Knotts Financial Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Hogan Knotts Financial Group: assets under management

The assets under management (AUM) of The Hogan Knotts Financial Group, Inc. is $226.93 million. The firm's AUM has grown by 223% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $224.32 million in discretionary accounts and $2.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $323.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $522.66 thousand.

The Hogan Knotts Financial Group has custody of $110.3 million in cash and securities for 92 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Hogan Knotts Financial Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Robert Edward Hogan 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 Robert Edward Hogan is high net worth individuals with 130 clients and $193.08 million of assets under management. Among the 10 most similar advisory firms, The Hogan Knotts Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $226.93 million for 210 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.

The Hogan Knotts Financial Group doesn't advise any private funds.

Careers at The Hogan Knotts Financial Group, Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives 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.

Robert Edward Hogan has been acting as President since 1 Apr 1988. Timothy Andrew Knotts joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Edward Hogan	President	1 Apr 1988	50% - 75%	1574852
Timothy Andrew Knotts	Vice president	1 Jan 1994	Other	1507316
Timothy Andrew Knotts	Chief compliance officer	1 Jul 2004	50% - 75%	1507316

Based in Red Bank

The principal office where The Hogan Knotts Financial Group, Inc. performs its advisory services is located at 298 Broad St, Red Bank, NJ 07701, 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 732-842-7400 or by fax N/A. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at hkfg.biz/.