Heard Capital LLC
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Learn more about Heard Capital LLC
Heard Capital LLC is a financial advisory company located in Chicago, Illinois. Heard Capital LLC administers $1.0 billion in assets over 14 accounts, making it one of the bigger financial advisory firms in the country by assets under management (AUM). The firm has a small group, including 3 financial advisors. Heard Capital LLC does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as options, stocks and bonds.
Heard Capital LLC administers all of the company's accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes buy and sell decisions for the client's account without needing the client's authorization. Heard Capital LLC's average account size is $71.9 million. The typical financial advisor at Heard Capital LLC administers about five client accounts, placing it among the most individualized advisor firms in the country.
Heard Capital LLC's central office is located at 1 North Wacker, Chicago, Illinois 60606. It is legally permitted to serve clients in the state of Illinois.
Assets Under Management
Number of Advisors
Heard Capital LLC by the Numbers
Financial advisory fees largely vary depending on which services are provided. However, fee types billed by the firm can be comprised of any blend of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Offered by 69% of firms
Percentage of AssetsShow 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 26% of firms
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 21% of firms that offer this fee type
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.
Find one of the 1% of firms that offer this fee type
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 0% of firms that offer this fee type
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 32% of firms that offer this fee type
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.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The company provides services to pooled investment vehicles and other. Out of its 14 accounts, Heard Capital LLC's largest client type by number of accounts is other. Around 14% of the firm's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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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Heard Capital LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Heard Capital LLC
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