Hamel Associates Inc (Chatham)

Hamel Associates Inc is a large advisory firm based in Chatham. It manages $379.35 million of regulatory assets for 228 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

Hamel Associates provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hamel Associates: assets under management

The assets under management (AUM) of Hamel Associates Inc is $379.35 million. The firm's AUM has grown by 317% since the beginning of its operation, and $58.37 million of the total AUM is attributable to clients outside of the United States.

The firm manages $350.65 million in discretionary accounts and $28.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.55 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14.35 million.

Hamel Associates has custody of $5.07 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hamel Associates Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pasquale C Hamel serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Pasquale C Hamel is high net worth individuals with 60 clients and $343.97 million of assets under management. Among the 11 most similar advisory firms, Hamel Associates has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $356.61 million for 99 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Hamel Associates doesn't advise any private funds.

Careers at Hamel Associates Inc

The company employs 10 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Pasquale C Hamel	President/chief compliance officer.	1 Feb 1996	75% - 100%	2113918

Based in Chatham

The principal office where Hamel Associates Inc performs its advisory services is located at 24 Washington Avenue, Chatham, NJ 07928 The mailing address of the firm is 24 Washington Avenue, Chatham, NJ 07928. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-665-1400 or by fax 973-665-1405. The normal business hours are 9am - 5pm on Monday - Friday.