Hba Advisors, LLC (Pasadena)


Hba Advisors, LLC is a large advisory firm based in Pasadena. It manages $110.77 million of regulatory assets for 919 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Florida, Louisiana, New York, and Texas.

Hba Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hba Advisors: assets under management

The assets under management (AUM) of Hba Advisors, LLC is $110.77 million. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.33 million in discretionary accounts and $433.98 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $120.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $216.99 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 20% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hba Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hba Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Hba Advisors is high net worth individuals with 119 clients and $77.61 million of assets under management. Among the 13 most similar advisory firms, Hba Advisors has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $110.77 million for 296 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.

Hba Advisors doesn't advise any private funds.

Careers at Hba Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Christopher Jude Haydel Managing member and chief compliance officer 1 Oct 2009 50% - 75% 2154349
Ricky Enrique Biel Managing member 1 Oct 2009 50% - 75% 4123346
Ricky Biel Managing director 1 Oct 2009 50% - 75% 4123346
Christopher Haydel Managing director and chief compliance officer 1 Oct 2009 50% - 75% 2154349

Based in Pasadena

The principal office where Hba Advisors, LLC performs its advisory services is located at 100 E. Corson Street, Pasadena, CA 91103, 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 626-529-8347 or by fax 626-529-8506. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at hbawealth.com and its LinkedIn profile.

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