Hbw Advisory Services LLC (Simi Valley)

Name: Hbw Advisory Services LLC
Address: 3355 Cochran Street, Simi Valley, CA, 93063
Telephone: 800-473-3856

Hbw Advisory Services LLC is a large advisory firm based in Simi Valley. It manages $430.39 million of regulatory assets for 5,201 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 37 other states.

Hbw Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hbw Advisory Services: assets under management

The assets under management (AUM) of Hbw Advisory Services LLC is $430.39 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 228% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $430.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $82.75 thousand each.

Investments

The firm invests in non-exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hbw Advisory Services LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

What kind of clients Barnett David Hellenbrand serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Barnett David Hellenbrand is individuals with 3,835 clients and $340.84 million of assets under management. Among the 9 most similar advisory firms, Hbw Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $430.39 million for 3,972 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Hbw Advisory Services doesn't advise any private funds.

Careers at Hbw Advisory Services LLC

The company employs 63 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. 50 employees are registered as investment adviser representatives 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.

Hbw Advisory Services LLC is owned by Charles Paul Reinhold. Barnett David Hellenbrand has been acting as President since 1 Mar 2007. Todd Arthur Penrod joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hbw Financial & Insurance Services Llc	Owner	1 Mar 2007	75% - 100%	77-0383757
Barnett David Hellenbrand	Director	1 Mar 2007	Other	1141518
Joseph Anthony Bonanno	Director	1 Mar 2007	Other	1907829
Charles Paul Reinhold	President & cco	1 Jun 2009	Other	1464960
Charles Paul Reinhold	Owner	1 Sep 2015	Other	1464960
Todd Arthur Penrod	Chief compliance officer	1 Sep 2015	Other	4242221

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Barnett David Hellenbrand	Managing director	1 Sep 1994	50% - 75%	1141518
Daniel A Ward	Managing director	1 Sep 1994	25% - 50%	4927039

Based in Simi Valley

The principal office where Hbw Advisory Services LLC performs its advisory services is located at 3355 Cochran Street, Simi Valley, CA 93063, which is also the mailing address of the firm. An additional office of the firm is in Auburn, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-473-3856 or by fax 800-636-1302. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at hbwadvisory.com.