Hs Management Partners, LLC

CRD#145480
Investment Advisor Firm

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Learn more about Hs Management Partners, LLC

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

    • Overview

    Hs Management Partners, LLC is located at 640 Fifth Avenue, New York, NY. The firm employs 8 financial advisors to manage client portfolios and provide financial guidance. Hs Management Partners, LLC is not a registered broker-dealer.

    Hs Management Partners, LLC oversees $2.4 billion in assets under management across 264 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for institutional clients. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, and corporations, with charitable organizations being the largest client type by accounts. The fee structure at Hs Management Partners, LLC is asset-based. The firm has 95 high net worth clients.

    Hs Management Partners, LLC is registered in the states of California, Colorado, Connecticut, Florida, Illinois, Louisiana, Massachusetts, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, and Texas.

    Assets Under Management

    $2.4 billion

    Number of Advisors

    8

    Disclosures

    No

    Office Location

    640 Fifth Avenue
    New York, NY 10019

    Hs Management Partners, LLC by the Numbers

    Total Assets Under Management

    $2.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    18

    National Average: 64
    Total Number of Accounts

    264

    National Average: 375,227
    Average Account Size

    $9.0 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice usually vary depending on which service is offered. Fees charged by Hs Management Partners, LLC typically consist of the following fee type: asset-based.

    Available

    • Offered by 69% 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.

    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 32% of firms that offer this fee type

      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.

    • 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

    The company does business with a number of different investors. The company caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, and corporations. Out of its 7 clients, Hs Management Partners, LLC's largest client group by number of accounts is charitable organizations, although it also manages money for 95 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 36.12%
    • Other Individuals - 4.94%
    • Corporations - 22.43%
    • Charitable Organizations - 36.5%

    * 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

    Hs Management Partners, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Hs Management Partners, LLC

    David Altman
    New York, NY
    Gregory Nejmeh
    New York, NY
    Harry Segalas
    New York, NY

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