Hnp Capital LLC is a large advisory firm based in Rochester. It manages $349.86 million of regulatory assets for 711 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, New York, Pennsylvania, and Texas.
Hnp Capital provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hnp Capital LLC is $349.86 million. The firm's AUM has grown by 1288% since the beginning of its operation, and $375.5 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Hnp Capital LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Hnp Capital is high net worth individuals with 56 clients and $162.09 million of assets under management. Among the 7 most similar advisory firms, Hnp Capital has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $349.86 million for 370 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.
Hnp Capital doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.
Neil Jeffery Powers has served as the Chief Investment Officer since 1 Mar 2017. Inc. Financial Institutions joined the executive team most recently as the Owner.
The principal office where Hnp Capital LLC performs its advisory services is located at 100 Chestnut St., 15 Th Floor, Rochester, NY 14607, which is also the mailing address of the firm. An additional office of the firm is in Pittsburgh, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 585-461-6085 or by fax 877-845-5155. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at hnpcapital.com.