Hynes Advisory Inc. (San Diego)

Name: Hynes Advisory Inc.
Address: 12555 High Bluff Drive, San Diego, CA, 92130
Telephone: (858) 792-9122

Hynes Advisory Inc. is a large advisory firm based in San Diego. It manages $215.52 million of regulatory assets for 553 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, and Texas.

Hynes Advisory provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hynes Advisory: assets under management

The assets under management (AUM) of Hynes Advisory Inc. is $215.52 million. The firm's AUM has grown by 90% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $215.05 million in discretionary accounts and $469.4 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $393.87 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $67.06 thousand.

Hynes Advisory has custody of $58.41 million in cash and securities for 101 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hynes Advisory Inc. 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.

What kind of clients Paul Joseph Hynes serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Paul Joseph Hynes is high net worth individuals with 44 clients and $158.88 million of assets under management. Among the 11 most similar advisory firms, Hynes Advisory has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $215.52 million for 145 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.

Hynes Advisory doesn't advise any private funds.

Careers at Hynes Advisory Inc.

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Paul Joseph Hynes has been acting as President since 1 May 2010. Wendy Carol Wildey joined the executive team most recently as the Chief Compliance Officer & Investment Adviser Representative.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Joseph Hynes	President	1 May 2010	75% - 100%	1314096
Wendy Carol Wildey	Chief compliance officer & investment adviser representative	1 Mar 2014	Other	2299819

Based in San Diego

The principal office where Hynes Advisory Inc. performs its advisory services is located at 12555 High Bluff Drive, San Diego, CA 92130, which is also the mailing address of the firm. An additional office of the firm is in Irvine, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (858) 792-9122 or by fax (858) 792-6122. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at hearthstoneinc.com.