Nicholas Hoffman & Company, LLC (Atlanta)

Name: Nicholas Hoffman & Company, LLC
Address: 1355 Peachtree St.,Ste 1450, Atlanta, GA, 30309
Telephone: 404-815-5050

Nicholas Hoffman & Company, LLC is a large advisory firm based in Atlanta. It manages $869.86 million of regulatory assets for 1,394 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, California, Florida, and 6 other states.

Nicholas Hoffman & Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nicholas Hoffman & Company: assets under management

The assets under management (AUM) of Nicholas Hoffman & Company, LLC is $869.86 million. The firm's AUM has grown by 439% since the beginning of its operation, and $10.45 million of the total AUM is attributable to clients outside of the United States.

The firm manages $506.18 million in discretionary accounts and $363.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $565.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $728.82 thousand.

Nicholas Hoffman & Company has custody of $405.64 million in cash and securities for 227 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 31% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in pooled investment vehicles form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nicholas Hoffman & Company, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nicholas Hoffman & Company serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Nicholas Hoffman & Company is high net worth individuals with 202 clients and $821.24 million of assets under management. Among the 9 most similar advisory firms, Nicholas Hoffman & Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $869.86 million for 276 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.

Nicholas Hoffman & Company doesn't advise any private funds.

Careers at Nicholas Hoffman & Company, LLC

The company employs 16 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 8 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 compensates 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
Nicholas John Hoffman	Managing member/chief compliance officer	1 Aug 2007	75% - 100%	1513288
Alexander Carl Gambrell	Member	1 Jan 2016	Other	1270376
Nicholas John Hoffman Trust	Member	1 Jan 2016	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Elizabeth Foote Hoffman	Trustee	1 Jan 2016	Other	6622113

Based in Atlanta

The principal office where Nicholas Hoffman & Company, LLC performs its advisory services is located at 1355 Peachtree St.,Ste 1450, Atlanta, GA 30309, 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 404-815-5050 or by fax 404-815-5089. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at nhoffmanandco.com and its LinkedIn profile.