Hennessy Advisors, Inc. (Novato)

Name: Hennessy Advisors, Inc.
Address: 7250 Redwood Boulevard, Novato, CA, 94945
Telephone: 415-899-1555

Hennessy Advisors, Inc. is a large advisory firm based in Novato. It manages $5.77 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of California.

Hennessy Advisors provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hennessy Advisors: assets under management

The assets under management (AUM) of Hennessy Advisors, Inc. is $5.77 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2784% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.77 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $360.56 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hennessy Advisors, 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 Hennessy Advisors serves?

The only and largest group of clients of Hennessy Advisors is investment companies with 16 clients and $5.77 billion of assets under management. Among the 5 most similar advisory firms, Hennessy Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $5.77 billion for 16 clients. None of the firm’s clients are foreign persons or businesses.

Hennessy Advisors doesn't advise any private funds.

Careers at Hennessy Advisors, Inc.

The company employs 23 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Neil Joseph Hennessy	President, chairman, chief executive officer & shareholder	1 Feb 1989	25% - 50%	702687
Brian Anthony Hennessy	Director & shareholder	1 Feb 1989	Other	2045486
Neil Joseph Hennessey	President, chairman & ceo	1 Feb 1989	50% - 75%	702687
Timothy Edward Hennessy	Investor	1 Feb 1989	Other	1527760
Helen Hennessy	Investor	1 Feb 1989	Other	4385806
Teresa Mariani Nilsen	Executive vice president, chief financial officer, chief operating officer, corporate secretary, director & shareholder	1 Mar 2001	Other	1998357
Daniel Bruce Steadman	Executive vice president & director	1 Mar 2001	Other	4137374
Daniel George Libarle	Director & shareholder	1 May 2001	Other	4741994
Thomas Lawrence Seavey	Director & shareholder	1 May 2001	Other	4742002
Rodger Dean Offenbach	Director & shareholder	1 May 2001	Other	4742003
Henry Curtis Hansel	Director & shareholder	1 May 2001	Other	4742072
Daniel G Libarle	Director & investor	1 May 2001	Other	4741994
Thomas L Seavey	Director & investor	1 May 2001	Other	4742002
Rodger Offenbach	Director & investor	1 May 2001	Other	4742003
Henry Hansel	Director & investor	1 May 2001	Other	4742072
Harry Francis Thomas	Chief compliance officer	1 Oct 2004	Other	4867283
Charles Walton Bennett	Independent director	1 Jul 2005	Other	5044475
Daniel Bruce Steadman	Chief compliance officer, executive vice president, director & shareholder	1 Jun 2010	Other	4137374
Jennifer Lynn Cheskiewicz	General counsel & shareholder	1 Jun 2013	Other	6271848
Susan Weber Pomilia	Director & shareholder	1 Apr 2014	Other	6415436
Neil Joseph Hennessy	Chairman, chief executive officer & shareholder	1 Jan 2018	25% - 50%	702687
Teresa Mariani Nilsen	President, chief operating officer, corporate secretary, director & shareholder	1 Jan 2018	Other	1998357
Daniel Bruce Steadman	Executive vice president, director and shareholder	1 Jan 2018	Other	4137374
Brian Cameron Carlson	Chief compliance officer, senior vice president & shareholder	1 Jan 2018	Other	3062835
Kathryn Rose Fahy	Chief financial officer, senior vice president & shareholder	1 Jan 2018	Other	4608810

Based in Novato

The principal office where Hennessy Advisors, Inc. performs its advisory services is located at 7250 Redwood Boulevard, Novato, CA 94945, which is also the mailing address of the firm. An additional office of the firm is in Chapel Hill, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-899-1555 or by fax 415-899-1559. The normal business hours are 8:00am to 2:00pm friday on Other. You can find more information about the New York firm at hennessyadvisors.com.