Hbc Financial Services, PLLC (Seattle)

Name: Hbc Financial Services, PLLC
Address: 1200 Westlake Ave N, Ste 902, Seattle, WA, 98109 3529
Telephone: 206-548-5000

Hbc Financial Services, PLLC is a large advisory firm based in Seattle. It manages $301.91 million of regulatory assets for 610 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, and Washington.

Hbc Financial Services, P provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hbc Financial Services, P: assets under management

The assets under management (AUM) of Hbc Financial Services, PLLC is $301.91 million. The firm's AUM has grown by 638% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $262.31 million in discretionary accounts and $39.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $474.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $694.76 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hbc Financial Services, PLLC 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.

What kind of clients Hbc Financial Services, P serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Hbc Financial Services, P is high net worth individuals with 84 clients and $250.88 million of assets under management. Among the 8 most similar advisory firms, Hbc Financial Services, P has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $301.91 million for 241 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.

Hbc Financial Services, P doesn't advise any private funds.

Careers at Hbc Financial Services, PLLC

The company employs 4 people that are either part- or full-time employees. 75 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
David Russell Harrison	Member	1 Jan 2001	Other	4455414
Jeffrey Michael Berkman	Member	1 Jan 2001	50% - 75%	4455413
James B. Claypool	Member	1 Jan 2005	25% - 50%	4680688
James Dayton Guard	Member	1 Dec 2012	25% - 50%	5569407
James Dayton Guard	Member and chief compliance officer	1 Dec 2014	50% - 75%	5569407

Based in Seattle

The principal office where Hbc Financial Services, PLLC performs its advisory services is located at 1200 Westlake Ave N, Ste 902, Seattle, WA 98109 3529, 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 206-548-5000 or by fax 206-545-6915. The normal business hours are 8 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at advisercpa.com.