Donald L. Hagan, LLC (Sarasota)


Donald L. Hagan, LLC is a large advisory firm based in Sarasota. It manages $253.92 million of regulatory assets for 658 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Colorado, Connecticut, and 6 other states.

Donald L. Hagan provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Donald L. Hagan: assets under management

The assets under management (AUM) of Donald L. Hagan, LLC is $253.92 million. The firm's AUM has grown by 353% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $252.12 million in discretionary accounts and $1.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $390.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $149.36 thousand.
Donald L. Hagan has custody of $9.73 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Donald L. Hagan, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Donald L. Hagan serves?

The firm provides services to individuals, investment companies, and high net worth individuals. The largest group of clients of Donald L. Hagan is high net worth individuals with 39 clients and $114.23 million of assets under management. Among the 8 most similar advisory firms, Donald L. Hagan has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $253.92 million for 277 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.

Donald L. Hagan doesn't advise any private funds.

Careers at Donald L. Hagan, 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. 7 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
Donald Lewis Hagan Managing member 1 Sep 2004 25% - 50% 1264262
Arthur Stuart Day Managing member 1 Apr 2006 25% - 50% 1298928
Linda Susan Brown Chief compliance officer 1 Jan 2013 Other 1371683

Based in Sarasota

The principal office where Donald L. Hagan, LLC performs its advisory services is located at 1000 S. Tamiami Trail, Sarasota, FL 34236, which is also the mailing address of the firm. An additional office of the firm is in Young Harris, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 941-330-1702 or by fax 941-684-0723. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at dhfunds.com.