Hbw Advisory Services LLC

CRD#143665
Investment Advisor Firm

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Learn more about Hbw Advisory Services LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Hbw Advisory Services LLC operates as an advisory firm headquartered in Simi Valley, California. The firm manages $534.0 million in assets across 7,103 customer accounts, making it one of the larger financial advisory firms in the country by assets under management (AUM). Hbw Advisory Services LLC has an average-sized group of 57 employees, fifty-three of whom are financial advisors. Hbw Advisory Services LLC does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as equities, options and bonds.

    Hbw Advisory Services LLC manages all of the company's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction choices for the client's account without needing to seek client authorization. The advisory firm manages about $75,175 for every customer account. The average financial advisor at Hbw Advisory Services LLC administers around 134 client accounts.

    Hbw Advisory Services LLC's main office is located at 3355 Cochran Street, Simi Valley, California 93063. The company is registered to provide services to investors across 40 U.S. states and territories.

    Assets Under Management

    $534.0 million

    Number of Advisors

    53

    Disclosures

    No

    Office Location

    3355 Cochran Street
    Simi Valley, CA 93063

    Hbw Advisory Services LLC by the Numbers

    Total Assets Under Management

    $534.0 million

    National Average: $3.7 billion
    Total Number of Employees

    57

    National Average: 29
    Total Number of Accounts

    7,103

    National Average: 2,073
    Average Account Size

    $75.2 thousand

    National Average: $1.8 million

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    Products and Services

    Hbw Advisory Services LLC provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the last fiscal year, the company provided 251-500 of its clients with financial planning services. The company does not sell products or offer services other than investment advisory services to its investment advisory accounts.

    Core Advisor Services

    • Offered by 45% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 62% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 23% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees largely vary depending on the type of financial services provided. Fee types charged by the company likely include any blend of the following fee types: asset-based, hourly or fixed. Hbw Advisory Services LLC does participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 74% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 35% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 40% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 2% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 17% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 1% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 12% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company provides services to retail investors, high net worth investors, pension plans and corporations. Out of its 7,103 clients, Hbw Advisory Services LLC's biggest client is retail investors, though it also caters to 27 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 0.49%
    • Other Individuals - 97.61%
    • Corporations - 1.9%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Hbw Advisory Services LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Hbw Advisory Services LLC

    Chad Cosens
    Simi Valley, CA
    William Rudkin
    Simi Valley, CA
    Chad Francis
    Simi Valley, CA
    Stephen Foley
    Simi Valley, CA
    Kerri Herlick
    Saratoga Springs, NY
    Brian Malkinson
    Simi Valley, CA
    Kyra King
    Simi Valley, CA
    Jeffrey Dennison
    Madison, AL
    Alexander Peets
    Simi Valley, CA

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    This content was compiled from the SEC and FINRA