Hbk Sorce Advisory LLC is a large advisory firm based in Erie. It manages $3.45 billion of regulatory assets for 11,932 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Colorado, and 26 other states.
Hbk Sorce Advisory provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hbk Sorce Advisory LLC is $3.45 billion. The firm's AUM has grown by 1168% since the beginning of its operation, and $1 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Hbk Sorce Advisory LLC for their services and products based on a percentage of assets under management, hourly charges, 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.
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 Christopher Mark Allegretti is high net worth individuals with 820 clients and $2.27 billion of assets under management. Among the 11 most similar advisory firms, Hbk Sorce Advisory has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3.45 billion for 4,151 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.
Hbk Sorce Advisory doesn't advise any private funds.
The company employs 71 people that are either part- or full-time employees. 96 percent of the employees work as investment advisers or researchers. 71 employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people 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.
Christopher Mark Allegretti has been acting as President since 1 Mar 2001. Brian William Mallette joined the executive team most recently as the Member.
The principal office where Hbk Sorce Advisory LLC performs its advisory services is located at Zuck Road Office Park, Erie, PA 16506, which is also the mailing address of the firm. An additional office of the firm is in Ft. Pierce, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 814-836-5776 or by fax 814-836-5779. The normal business hours are 8:30a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at hbksorce.com.