Hcr Wealth Advisors (Los Angeles)

Name: Hcr Wealth Advisors
Address: 10866 Wishire Blvd., Los Angeles, CA, 90024
Telephone: 310-473-5445

Hcr Wealth Advisors is a large advisory firm based in Los Angeles. It manages $937.56 million of regulatory assets for 2,559 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Connecticut, and 10 other states.

Hcr Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hcr Wealth Advisors: assets under management

The assets under management (AUM) of Hcr Wealth Advisors is $937.56 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 60% since the beginning of its operation, and $2.47 million of the total AUM is attributable to clients outside of the United States.

The firm manages $937.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $366.38 thousand each.

Hcr Wealth Advisors has custody of $466.9 million in cash and securities for 489 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 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hcr Wealth Advisors 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 Gregory Sandor Heller serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Gregory Sandor Heller is high net worth individuals with 391 clients and $820.04 million of assets under management. Among the 5 most similar advisory firms, Hcr Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $929.27 million for 789 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.

Hcr Wealth Advisors also advises several private funds. Namely, one real estate fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Hcr Wealth Advisors

The company employs 17 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 9 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gregory Sandor Heller has been acting as President since 1 Aug 1988. Sam Suebpong Puathasnanon joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Sandor Heller	President	1 Aug 1988	75% - 100%	1460520
Steven Jeff Weinberger	Senior managing director	1 Jan 2004	Other	3221929
Sam Suebpong Puathasnanon	Chief compliance officer	1 Nov 2017	Other	6881853

Based in Los Angeles

The principal office where Hcr Wealth Advisors performs its advisory services is located at 10866 Wishire Blvd., Los Angeles, CA 90024, 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 310-473-5445 or by fax 310-473-5775. 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 hcrwealth.com.