Hallmark Capital Management Inc (Wayne)

Name: Hallmark Capital Management Inc
Address: 1195 Hamburg Turnpike, Wayne, NJ, 07470 5055
Telephone: 973-808-4144

Hallmark Capital Management Inc is a large advisory firm based in Wayne. It manages $1.53 billion of regulatory assets for 1,638 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Connecticut, and 18 other states.

Hallmark Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hallmark Capital Management: assets under management

The assets under management (AUM) of Hallmark Capital Management Inc is $1.53 billion. The firm's AUM has grown by 549% since the beginning of its operation, and $12.02 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.5 billion in discretionary accounts and $37.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $928.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.4 million.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 23% of the firm’s portfolio. Investments in investment and business development companies form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hallmark Capital Management Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Walter Henry Jones serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Walter Henry Jones is high net worth individuals with 403 clients and $982.45 million of assets under management. Among the 13 most similar advisory firms, Hallmark Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.53 billion for 759 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.

Hallmark Capital Management doesn't advise any private funds.

Careers at Hallmark Capital Management Inc

The company employs 21 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Walter Henry Jones has been acting as President since 1 Jun 2004. George Robert Kress joined the executive team most recently as the Director, President, Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Stanley Hagerman	Vice chairman board of directors	1 Aug 1985	Other	1057336
Thomas Stephen Moore	Director, executive vice president	1 Feb 1994	Other	1326709
Kathryn Anne Skwieralski	Director, senior vice president	1 Feb 1994	Other	851477
Jeffrey Philip Braff	First vice president	1 Mar 1996	Other	716496
Steve Erikson	Vice president	1 Oct 1999	Other	1346502
Valley National Bank	Sole shareholder	1 Jul 2000	75% - 100%	22-1186387
Gerald Howard Lipkin	Chairman board of directors	1 Jul 2000	Other	4349109
Alan David Eskow	Director, treasurer	1 Jul 2000	Other	4349116
Peter "Nmn" Southway	Director	1 Jul 2000	Other	4349114
Robert John Mulligan	Director, secretary	1 Jul 2000	Other	4349121
Barnett "Nmn" Rukin	Director	1 Sep 2000	Other	4349129
Leonard Jay Vorcheimer	Director	1 Sep 2000	Other	4349131
Steve Erikson	First vice president	1 Jan 2002	Other	1346502
Walter Henry Jones	Director	1 Jun 2004	Other	4822176
Eric Paul Edelstein	Director	1 Jul 2004	Other	4863619
Mary Jule Guilfoile	Director	1 Jul 2005	Other	2303133
Henry Dale Hemmerdinger	Director	1 Jul 2005	Other	5041480
Steve Erikson	Senior vice president	1 Mar 2006	Other	1346502
Andrew Barkan Abramson	Director	1 Jul 2006	Other	5270338
Richard Samuel Miller	Director	1 Apr 2007	Other	5362099
Steve Erikson	Director, president, chief executive officer, secretary	1 Jul 2007	Other	1346502
Cynthia Sue Bechmann	Director, senior vice president, chief operating officer	1 Jan 2008	Other	1030282
Anthony Michael Bruno	Director, secretary	1 Jul 2008	Other	2399093
Anthony Michael Bruno	Director	1 May 2012	Other	2399093
George Robert Kress	First vice president	1 Oct 2012	Other	4496647
Peter James Baum	Director	1 Feb 2014	Other	6315990
Michael Joseph Obrien	First vice president, chief compliance officer	1 Jul 2014	Other	2340336
Robert C Soldoveri	Director	1 Apr 2015	Other	6483465
Jeffrey Scott Wilks	Director	1 Apr 2015	Other	2234042
Lesley Murray	Director, senior vice president	1 Apr 2016	Other	2120552
Kathleen Mary Buske	Director	1 Apr 2016	Other	1317350
George Robert Kress	Director, president, secretary	1 Jun 2017	Other	4496647
Joseph James Decandia	Director, executive chairman	1 Jun 2017	Other	4768548
Ira Robbins	Vice president	1 Jun 2017	Other	6817218

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Valley National Bancorp	Indirect owner	1 Jul 2000	75% - 100%	22-2477875

Based in Wayne

The principal office where Hallmark Capital Management Inc performs its advisory services is located at 1195 Hamburg Turnpike, Wayne, NJ 07470 5055, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-808-4144. The normal business hours are 9:00 a.m. - 5:oo p.m. on Monday - Friday. You can find more information about the New York firm at hallcapmgt.com.