Highmore Group
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Overview
Highmore Group operates as a financial advisor firm located in New York, New York. It manages $613.8 million in assets under management throughout 27 accounts, making it one of the bigger investment advisory firms in the country by assets under management (AUM). Highmore Group has a small team, including 6 financial advisors. Highmore Group does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets such as equities, bonds and options.
Highmore Group administers the majority of the firm's accounts on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make buy and sell choices for the client's account without needing client approval. It also oversees five non-discretionary accounts totaling $299.0 million in AUM. The advisory firm's typical account size is $22.7 million. The typical advisor at Highmore Group manages around five client accounts, placing it among the most individualized firms in the country.
Highmore Group's central office is at 1180 Avenue Of The Americas, New York, New York 10036. The company is allowed to provide services to clients across a number of states, including California, Florida, New Jersey, Texas and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Highmore Group by the Numbers
$613.8 million
7
27
$22.7 million
Products and Services
Highmore Group offers a number of services, which can include portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. It is not engaged in selling products or offering services other than investment advice to its investment advisory clients.
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.
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Offered by 46% 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
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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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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors are based on which services are offered. Fees charged by Highmore Group likely include some combination of the following fee structures: asset-based, fixed or performance-based. The company does not provide a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm works with a number of different clients. The company works with high net worth investors, pooled investment vehicles, charitable organizations, other investment advisers and insurance companies. Out of its 27 clients, Highmore Group's largest client by number of accounts is pooled investment vehicles, but it also manages money for 11 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 is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 45.83%
- Other Individuals - 0%
- Corporations - 50%
- Charitable Organizations - 4.17%
* 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
Highmore Group does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Highmore Group
Los Angeles, CA
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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