Hendley & Co Inc (Zanesville)

Name: Hendley & Co Inc
Address: 822 Adair Avenue, Zanesville, OH, 43701
Telephone: 740-452-4523

Hendley & Co Inc is a large advisory firm based in Zanesville. It manages $296.65 million of regulatory assets for 632 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Indiana, Kentucky, and 4 other states.

Hendley & provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hendley &: assets under management

The assets under management (AUM) of Hendley & Co Inc is $296.65 million. The firm's AUM has grown by 88% since the beginning of its operation, and $1.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $293.79 million in discretionary accounts and $2.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $476.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $178.47 thousand.

Hendley & has custody of $110.74 million in cash and securities for 124 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hendley & Co 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.

What kind of clients Susan Beck Hendley serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Susan Beck Hendley is high net worth individuals with 108 clients and $213.37 million of assets under management. Among the 9 most similar advisory firms, Hendley & has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $290.67 million for 282 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Hendley & doesn't advise any private funds.

Careers at Hendley & Co Inc

The company employs 5 people that are either part- or full-time employees. 60 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Susan Beck Hendley has been acting as President since 1 Apr 2001. Michael Allen Snode joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Albert Horace Hendley	Beneficial owner	1 Oct 1977	25% - 50%	242864
Susan Beck Hendley	Chief compliance officer/president	1 Apr 2001	75% - 100%	2571655
Renee' Melick Smith	President	1 Jun 2019	75% - 100%	4650922
Robert Lewis Smith	Beneficial owner, officer	1 Jun 2019	75% - 100%	7155379
Michael Allen Snode	Chief compliance officer	1 Jul 2019	Other	3060559

Based in Zanesville

The principal office where Hendley & Co Inc performs its advisory services is located at 822 Adair Avenue, Zanesville, OH 43701 The mailing address of the firm is P.O. Box 3308, Zanesville, OH 43702. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 740-452-4523 or by fax 740-452-0111. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at hendleyco.com.