Hennessy Advisors, Inc. is a large advisory firm based in Novato. It manages $5.77 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of California.
Hennessy Advisors provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hennessy Advisors, Inc. is $5.77 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2784% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Hennessy Advisors, 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.
The only and largest group of clients of Hennessy Advisors is investment companies with 16 clients and $5.77 billion of assets under management. Among the 5 most similar advisory firms, Hennessy Advisors has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $5.77 billion for 16 clients. None of the firm’s clients are foreign persons or businesses.
Hennessy Advisors doesn't advise any private funds.
The company employs 23 people that are either part- or full-time employees. 30 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.
The principal office where Hennessy Advisors, Inc. performs its advisory services is located at 7250 Redwood Boulevard, Novato, CA 94945, which is also the mailing address of the firm. An additional office of the firm is in Chapel Hill, NC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-899-1555 or by fax 415-899-1559. The normal business hours are 8:00am to 2:00pm friday on Other. You can find more information about the New York firm at hennessyadvisors.com.