Blackhill Capital, Inc (Morristown)

Name: Blackhill Capital, Inc
Address: 161 Madison Avenue, Morristown, NJ, 07960
Telephone: 973-984-7014

Blackhill Capital, Inc is a large advisory firm based in Morristown. It manages $553.87 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of New Jersey.

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

Blackhill Capital: assets under management

The assets under management (AUM) of Blackhill Capital, Inc is $553.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 24% since the beginning of its operation, and $1.89 million of the total AUM is attributable to clients outside of the United States.

The firm manages $553.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.83 million each.

Blackhill Capital has custody of $278.13 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Blackhill Capital, Inc 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 Blackhill Capital serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Blackhill Capital is high net worth individuals with 46 clients and $342.3 million of assets under management. Among the 9 most similar advisory firms, Blackhill Capital has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $512.97 million for 93 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.

Blackhill Capital doesn't advise any private funds.

Careers at Blackhill Capital, Inc

The company employs 4 people that are either part- or full-time employees. 25 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cary Michael Schwartz	President & ceo	1 Feb 1988	75% - 100%	416224
Gail Patricia Mcintyre	Chief compliance officer	1 Jun 2004	Other	4324991

Based in Morristown

The principal office where Blackhill Capital, Inc performs its advisory services is located at 161 Madison Avenue, Morristown, NJ 07960, 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 973-984-7014 or by fax 973-984-9617. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at blackhillcapital.com.