Halbert Hargrove Global Advisors, LLC (Long Beach)

Name: Halbert Hargrove Global Advisors, LLC
Address: 111 West Ocean Boulevard, Long Beach, CA, 90802 7908
Telephone: 562-435-5657

Halbert Hargrove Global Advisors, LLC is a large advisory firm based in Long Beach. It manages $2.34 billion of regulatory assets for 3,609 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Halbert Hargrove Global Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and investment consulting. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Halbert Hargrove Global Advisors: assets under management

The assets under management (AUM) of Halbert Hargrove Global Advisors, LLC is $2.34 billion. The firm's AUM has grown by 41% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.21 billion in discretionary accounts and $130.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $614.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.06 million.

Halbert Hargrove Global Advisors has custody of $1.45 billion in cash and securities for 745 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is state and local bonds, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Halbert Hargrove Global Advisors, 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 John Carlos Abusaid 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 John Carlos Abusaid is high net worth individuals with 709 clients and $1.42 billion of assets under management. Among the 8 most similar advisory firms, Halbert Hargrove Global Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.28 billion for 1,213 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.

Halbert Hargrove Global Advisors doesn't advise any private funds.

Careers at Halbert Hargrove Global Advisors, LLC

The company employs 44 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. 33 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people 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.

John Carlos Abusaid has been acting as President since 1 Jan 2011. Cecilia Townsley Williams joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Craig Travis Cross	Managing director	1 Dec 1998	Other	872117
Inc. Halbert Hargrove Holdings	Managing member	1 Dec 1998	50% - 75%	33-0301336
Russell Thomas Hill	Chairman / chief executive officer	1 Dec 1998	Other	245988
Timothy Jon Anderson	Managing director	1 Oct 2006	Other	2362856
John Carlos Abusaid	President	1 Jan 2011	Other	3084990
Inc. Halbert Hargrove Holdings	Managing member	1 Jan 2011	50% - 75%	33-0301336
Russell Thomas Hill	Chairman / chief executive officer	1 Jan 2011	Other	245988
Stacy Ann Haywood	Chief compliance officer	1 Jan 2012	Other	4258010
Cecilia Townsley Williams	Chief compliance officer	1 Jul 2012	Other	5136559

Based in Long Beach

The principal office where Halbert Hargrove Global Advisors, LLC performs its advisory services is located at 111 West Ocean Boulevard, Long Beach, CA 90802 7908 The mailing address of the firm is P.O. Box 1070, Long Beach, CA 90801 9931. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 562-435-5657 or by fax 562-435-0774. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at halberthargrove.com.