Charles D. Hyman & Company (Ponte Vedra Beach)

Charles D. Hyman & Company is a large advisory firm based in Ponte Vedra Beach. It manages $1.08 billion of regulatory assets for 789 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 4 other states.

Charles D. Hyman & Company provides portfolio management for individuals and small businesses and consulting 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.

Charles D. Hyman & Company: assets under management

The assets under management (AUM) of Charles D. Hyman & Company is $1.08 billion. The firm's AUM has grown by 566% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.07 billion in discretionary accounts and $9.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.47 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $164.97 thousand.

Charles D. Hyman & Company has custody of $551.06 million in cash and securities for 273 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is government bonds, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Charles D. Hyman & Company for their services and products based on a percentage of assets under management 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 Charles D. Hyman & Company serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Charles D. Hyman & Company is high net worth individuals with 225 clients and $939.37 million of assets under management. Among the 8 most similar advisory firms, Charles D. Hyman & Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.08 billion for 788 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.

Charles D. Hyman & Company doesn't advise any private funds.

Careers at Charles D. Hyman & Company

The company employs 5 people that are either part- or full-time employees. 60 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.

Celeste Robinson Beale joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles David Hyman	Chief executive officer	1 Apr 1994	75% - 100%	1288578
Celeste Robinson Beale	Chief compliance officer	1 Oct 2004	Other	1311188

Based in Ponte Vedra Beach

The principal office where Charles D. Hyman & Company performs its advisory services is located at 224 Ponte Vedra Park Drive, Ponte Vedra Beach, FL 32082, 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 904-543-0360 or by fax 904-543-0390. The normal business hours are 8:30-5:00 on Monday - Friday.