Hhr Asset Management, LLC (Berkeley Heights)

Name: Hhr Asset Management, LLC
Address: 400 Connell Drive, Berkeley Heights, NJ, 07922
Telephone: 908-771-3900

Hhr Asset Management, LLC is a large advisory firm based in Berkeley Heights. It manages $1.5 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New Jersey and New York.

Hhr Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Hhr Asset Management: assets under management

The assets under management (AUM) of Hhr Asset Management, LLC is $1.5 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1% since the beginning of its operation, and $662.78 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.5 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $100.22 million each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in non-exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hhr Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based 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 Hhr Asset Management serves?

The firm provides services to insurance companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Hhr Asset Management is pooled investment vehicles with 8 clients and $1.27 billion of assets under management. Among the 8 most similar advisory firms, Hhr Asset Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.36 billion for 10 clients. 23% of the firm’s clients are foreign persons or businesses.

Hhr Asset Management also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Hhr Asset Management, LLC

The company employs 11 people that are either part- or full-time employees. 64 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
Joseph Conroy Robillard	Member and chief investment officer	1 Jan 2007	50% - 75%	1754708
Timothy Christopher Klag	Member and head trader	1 Jan 2010	25% - 50%	5073838
Robert James Farrell	Member and director of marketing	1 Jan 2010	25% - 50%	1559462
Michael A Violette	Chief compliance officer	1 Dec 2011	Other	5030694

Based in Berkeley Heights

The principal office where Hhr Asset Management, LLC performs its advisory services is located at 400 Connell Drive, Berkeley Heights, NJ 07922, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-771-3900 or by fax 908-771-3901. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at hhr.com.