Hancock Natural Resource Group, Inc (Boston)

Hancock Natural Resource Group provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and real estate investment advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hancock Natural Resource Group: assets under management

The assets under management (AUM) of Hancock Natural Resource Group, Inc is $4.14 billion. The firm's AUM has grown by 29% since the beginning of its operation, and $523.27 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.32 billion in discretionary accounts and $818.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $184.43 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $91 million.

Hancock Natural Resource Group has custody of $13.67 billion in cash and securities for 59 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 75% of the total AUM. The second-largest asset type is other assets, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hancock Natural Resource Group, Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bruce C. Mcknight serves?

The firm provides services to pooled investment vehicles and state or municipal government entities. The largest group of clients of Bruce C. Mcknight is pooled investment vehicles with 13 clients and $3.18 billion of assets under management. Among the 13 most similar advisory firms, Hancock Natural Resource Group has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.48 billion for 18 clients. 17% of the firm’s clients are foreign persons or businesses.

Hancock Natural Resource Group also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Hancock Natural Resource Group, Inc

The company employs 585 people that are either part- or full-time employees. 13 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 4 people 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.

Bruce C. Mcknight has been acting as President since 1 Mar 2014. Daniel Paul Christensen joined the executive team most recently as the Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 11 indirect owners.

Based in Boston

The principal office where Hancock Natural Resource Group, Inc performs its advisory services is located at 197 Clarendon Street, Boston, MA 02116 5010 The mailing address of the firm is 197 Clarendon Street, Boston, MA 02116 5010. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-747-1600 or by fax 617-747-1617. The normal business hours are 8:00a.m. - 6:00p.m. on Monday - Friday. You can find more information about the New York firm at htrg.com.

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