Hopwood Financial Services, Inc. is a large advisory firm based in Reston. It manages $316.48 million of regulatory assets for 587 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, District of Columbia, Florida, and 5 other states.
Hopwood Financial Services 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 assets under management (AUM) of Hopwood Financial Services, Inc. is $316.48 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 567% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Hopwood Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Herbert Gladstone Hopwood is high net worth individuals with 89 clients and $281.31 million of assets under management. Among the 7 most similar advisory firms, Hopwood Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $316.38 million for 212 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.
Hopwood Financial Services doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.
The principal office where Hopwood Financial Services, Inc. performs its advisory services is located at 10740 Parkridge Blvd., Reston, VA 20191, 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 703-787-0008 or by fax 703-759-0974. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at hopwoodfinancial.com.