Hs Management Partners, LLC is a large advisory firm based in New York. It manages $3.15 billion of regulatory assets for 285 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Arizona, California, and 30 other states.
Hs Management Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and non-discretionary model portfolios. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hs Management Partners, LLC is $3.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1842% since the beginning of its operation, and $115.65 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Hs Management Partners, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Hs Management Partners is charitable organizations with 90 clients and $1.42 billion of assets under management. Among the 8 most similar advisory firms, Hs Management Partners has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $3.09 billion for 274 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Hs Management Partners also advises several private funds.
The company employs 15 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Hs Management Partners, LLC performs its advisory services is located at 640 Fifth Avenue, New York, NY 10019, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-888-0060 or by fax 212-888-0066. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at hsmanage.com.