Hhr Asset Management, LLC is a large advisory firm based in Berkeley Heights. It manages $1.5 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New Jersey and New York.
Hhr Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of Hhr Asset Management, LLC is $1.5 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1% since the beginning of its operation, and $662.78 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Hhr Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Hhr Asset Management is pooled investment vehicles with 8 clients and $1.27 billion of assets under management. Among the 8 most similar advisory firms, Hhr Asset Management has the 4th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.36 billion for 10 clients. 23% of the firm’s clients are foreign persons or businesses.
Hhr Asset Management also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. No 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.
The principal office where Hhr Asset Management, LLC performs its advisory services is located at 400 Connell Drive, Berkeley Heights, NJ 07922, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 908-771-3900 or by fax 908-771-3901. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at hhr.com.