Heydorn Stone Capital Management LLC
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Learn more about Heydorn Stone Capital Management LLC
Heydorn Stone Capital Management LLC is a financial advisory company headquartered in Larchmont, New York. Heydorn Stone Capital Management LLC manages $97.8 million in total assets across 338 customer accounts. The firm has a small group, including 2 financial advisors. Heydorn Stone Capital Management LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial assets such as equities, bonds and options.
Heydorn Stone Capital Management LLC oversees more than half of the company's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell choices are made by a portfolio manager without needing client approval. The company also manages 36 non-discretionary accounts totaling $4.9 million in assets. Heydorn Stone Capital Management LLC administers roughly $289,419 in assets for each customer account. The typical advisor at Heydorn Stone Capital Management LLC administers about 169 client accounts.
The firm's central office is located at 2039 Palmer Avenue, Larchmont, New York 10538. The firm is permitted to serve investors throughout a few states, including California, Florida, Massachusetts, New Jersey, New York, Ohio and Texas.
Assets Under Management
Number of Advisors
Heydorn Stone Capital Management LLC by the Numbers
Products and Services
Heydorn Stone Capital Management LLC offers a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the last fiscal year, the company provided financial planning services to 51-100 of its clients. The firm is not involved in selling products or offering services aside from investment advice to its investment advisory accounts.
Core Advisor Services
Offered by 31% 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 46% of firms
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial management typically vary depending on which services are offered. Fees billed by the firm can include the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Heydorn Stone Capital Management LLC.
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 32% of firms
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 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 26% of firms that offer this fee type
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 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 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
It caters to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 338 customers, Heydorn Stone Capital Management LLC's biggest client by number of accounts is high net worth investors, but it also manages money for 66 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management 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 represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 68.04%
- Other Individuals - 26.8%
- Corporations - 3.09%
- Charitable Organizations - 2.06%
* 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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Heydorn Stone Capital Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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