Hoertkorn Richard Charles (Kentfield)

Hoertkorn Richard Charles is a large advisory firm based in Kentfield. It manages $152.09 million of regulatory assets for 211 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Hoertkorn Richard Charles provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hoertkorn Richard Charles: assets under management

The assets under management (AUM) of Hoertkorn Richard Charles is $152.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 196% since the beginning of its operation, and $198.81 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $152.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $720.79 thousand each.

Hoertkorn Richard Charles has custody of $1.13 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hoertkorn Richard Charles for their services and products based on a percentage of assets under management and hourly charges. 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 Hoertkorn Richard Charles serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Hoertkorn Richard Charles is high net worth individuals with 54 clients and $108.9 million of assets under management. Among the 9 most similar advisory firms, Hoertkorn Richard Charles has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $115.68 million for 80 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Hoertkorn Richard Charles doesn't advise any private funds.

Careers at Hoertkorn Richard Charles

The company employs 2 people that are either part- or full-time employees. 100 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
Richard Charles Hoertkorn	Sole prop./chief compliance officer	1 Feb 1972	75% - 100%	4342667

Based in Kentfield

The principal office where Hoertkorn Richard Charles performs its advisory services is located at 1112 Sir Francis Drake Blvd., Kentfield, CA 94904 1419, 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 415-482-8899 or by fax 415-482-8811. The normal business hours are 8:30 am to 4:00 pm on Monday - Friday.