Hirtle, Callaghan & Co., LLC

CRD#105403
Investment Advisor Firm

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Overview

Hirtle, Callaghan & Co., LLC is an advisory firm headquartered in Conshohocken, Pennsylvania. The firm oversees $19.8 billion in assets over 1,649 accounts, placing it among the largest investment advisory firms in the country by assets under management (AUM). The company has an average-sized group of 90 employees, of which 47 are financial advisors. Hirtle, Callaghan & Co., LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like options, bonds and stocks.

Hirtle, Callaghan & Co., LLC oversees more than half of the company's client assets on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without requiring the client's consent. It also has three non-discretionary accounts with a total of $823.3 million in AUM. The company supervises about $12.0 million in assets for each account. The typical advisor at Hirtle, Callaghan & Co., LLC oversees around 35 client accounts, making it about average in terms of personalization.

The firm's headquarters is at 300 Barr Harbor Drive, Conshohocken, Pennsylvania 19428-2998. It is permitted to serve investors throughout 46 U.S. states and territories.

Assets Under Management

$19.8 billion

Number of Advisors

47

Fee Structure

Asset-based, Fixed

Disclosures

No

Office Location

300 Barr Harbor Drive
Conshohocken, PA 19428-2998

Hirtle, Callaghan & Co., LLC by the Numbers

Total Assets Under Management

$19.8 billion

National Average: $3.3 billion
Total Number of Employees

90

National Average: 4,943
Total Number of Accounts

1,649

National Average: 2,522
Average Account Size

$12.0 million

National Average: $1.3 million

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Products and Services

Hirtle, Callaghan & Co., LLC offers multiple financial services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. The company does not sell products or offer services apart from investment advice to its investment advisory accounts. The company also has a number of financial industry affiliations, including with a commodity pool advisor.

Core Advisor Services

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    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 63% 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 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.

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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

A financial advisor's fees largely vary depending on which services are offered. However, fee types billed by Hirtle, Callaghan & Co., LLC most likely are comprised of any blend of the following fee types: asset-based or fixed. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 75% 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 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 37% 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 3% of firms that offer this fee type

    Commissions

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    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 firm manages money for a number of different investors. The company works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, insurance companies, corporations and other types of clients. Out of its 1,649 clients, Hirtle, Callaghan & Co., LLC's biggest client type by number of accounts is retail investors, although it also manages money for 598 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 35.22%
  • Other Individuals - 42.7%
  • Corporations - 15.9%
  • Charitable Organizations - 6.18%

* 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

Hirtle, Callaghan & Co., LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA