Hirtle, Callaghan & Co., LLC (West Conshohocken)

Hirtle, Callaghan & Co. provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hirtle, Callaghan & Co.: assets under management

The assets under management (AUM) of Hirtle, Callaghan & Co., LLC is $19.81 billion. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $18.98 billion in discretionary accounts and $823.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.53 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $274.43 million.

Hirtle, Callaghan & Co. has custody of $1.45 billion in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hirtle, Callaghan & Co., LLC for their services and products based on a percentage of assets under management 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 Hirtle, Callaghan & Co. serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Hirtle, Callaghan & Co. is investment companies with 22 clients and $11.04 billion of assets under management. Among the 10 most similar advisory firms, Hirtle, Callaghan & Co. has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $18.5 billion for 1,644 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.

Hirtle, Callaghan & Co. also advises several private funds. Namely, three hedge funds and eight private equity funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Hirtle, Callaghan & Co., LLC

The company employs 90 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 43 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.

Syed Umar Faisal Ehtisham joined the executive team most recently as the Chief Compliance Officer & Chief Risk Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 13 indirect owners.

Based in West Conshohocken

The principal office where Hirtle, Callaghan & Co., LLC performs its advisory services is located at 300 Barr Harbor Drive, West Conshohocken, PA 19428 2998, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-828-7200 or by fax 610-828-7425. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at hirtlecallaghan.com.

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