Heydorn Stone Capital Management LLC

CRD#125903
Investment Advisor Firm

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Overview

Heydorn Stone Capital Management LLC is an advisory company headquartered in Larchmont, New York. The company has $101.5 million in assets throughout 284 accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). Heydorn Stone Capital Management LLC has a small group, including 2 financial advisors. Heydorn Stone Capital Management LLC is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as bonds, stocks and options.

Heydorn Stone Capital Management LLC administers the majority of its accounts on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions without requiring the customer's authorization. It also has nine non-discretionary accounts with a total of $1.5 million in assets under management. The company's average account size is $357,284. The typical financial advisor at Heydorn Stone Capital Management LLC manages about 142 client accounts.

The company's headquarters is located at 2039 Palmer Avenue, Larchmont, New York 10538. It is legally permitted to serve clients across a few states, including California, Florida, Massachusetts, New Jersey, New York, Ohio and Texas.

Assets Under Management

$101.5 million

Number of Advisors

2

Disclosures

No

Office Location

2039 Palmer Avenue
Larchmont, NY 10538

Heydorn Stone Capital Management LLC by the Numbers

Total Assets Under Management

$101.5 million

National Average: $9.0 billion
Total Number of Employees

3

National Average: 71,771
Total Number of Accounts

284

National Average: 4,329
Average Account Size

$357.3 thousand

National Average: $2.1 million

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Products and Services

Heydorn Stone Capital Management LLC offers multiple services, including financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the past financial year, it provided financial planning services to 51-100 of its clients. It does not sell products or offer services apart 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 47% of firms

    Portfolio Management

    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.

Other Services

  • Offered by 21% 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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    Educational Seminars/Workshops

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

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Fee Structure

Fees charged by financial advisors largely depend on the type of services offered. Fee types billed by the firm can be comprised of the following fee structures: asset-based or fixed. The firm does not provide a wrap fee program, in which the company offers a bundle of services for a single fee.

Available

  • Offered by 70% 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 33% 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 21% of firms that offer this fee type

    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.

  • Find one of the 1% 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 26% 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 0% 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 10% 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

It caters to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 284 accounts, Heydorn Stone Capital Management LLC's biggest client is high net worth investors, though it also manages money for 64 high-net-worth individuals. The SEC defines a high-net-worth individual as someone 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 its customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 64%
  • Other Individuals - 31%
  • Corporations - 3%
  • Charitable Organizations - 2%

* 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

Heydorn Stone Capital Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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