Hoey Investments, Inc. (West Chester)

Name: Hoey Investments, Inc.
Address: 410 North High St., West Chester, PA, 19380
Telephone: 610-738-4280

Hoey Investments, Inc. is a large advisory firm based in West Chester. It manages $158.7 million of regulatory assets for 874 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Delaware, Florida, and 4 other states.

Hoey Investments provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hoey Investments: assets under management

The assets under management (AUM) of Hoey Investments, Inc. is $158.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 278% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $158.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $181.58 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hoey Investments, Inc. 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 Hoey Investments serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Hoey Investments is high net worth individuals with 95 clients and $133 million of assets under management. Among the 11 most similar advisory firms, Hoey Investments has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $158.7 million for 344 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Hoey Investments doesn't advise any private funds.

Careers at Hoey Investments, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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
Francis James Hoey	Principal and chief compliance officer	1 Dec 2007	75% - 100%	2911665

Based in West Chester

The principal office where Hoey Investments, Inc. performs its advisory services is located at 410 North High St., West Chester, PA 19380, 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 610-738-4280 or by fax 610-738-4290. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at hoeyinvestments.com.