Hmc, LLC (New York)

Name: Hmc, LLC
Address: 505 Park Avenue, New York, NY, 10022
Telephone: 212-935-7780

Hmc, LLC is a large advisory firm based in New York. It manages $187.96 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of New York.

Hmc provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hmc: assets under management

The assets under management (AUM) of Hmc, LLC is $187.96 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 370% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $187.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.8 million each.

Hmc has custody of $187.96 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hmc, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John H. Foster serves?

The only and largest group of clients of John H. Foster is pooled investment vehicles with 10 clients and $187.96 million of assets under management. Among the 11 most similar advisory firms, Hmc has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $187.96 million for 10 clients. None of the firm’s clients are foreign persons or businesses.

Hmc also advises several private funds. Namely, ten private equity funds. The minimum investment commitment required of non-related persons is $15,000 for each fund.

Careers at Hmc, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No 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.

John H. Foster has been acting as President since 1 Aug 2002. Joseph A Fitzpatrick joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Healthpoint	Owner of membership interests	1 Jul 2002	75% - 100%	126856
Llc Healthpointcapital	Member	1 Aug 2002	75% - 100%	42-1552790
John H. Foster	Chairman	1 Aug 2002	Other	4667682
John Hallett Foster	Chairman	1 Aug 2002	Other	4667682
John C Mccormick	Director	1 Oct 2002	Other	4650724
Mortimer Berkowitz Iii	Managing director	1 Oct 2003	Other	4667794
Joseph A Fitzpatrick	Cco	1 Mar 2012	Other	5026794
Joseph Austin Fitzpatrick	Cco	1 Mar 2012	Other	5026794

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John H. Foster	Member	1 Jul 2002	25% - 50%	4667682
Mortimer Berkowitz Iii	Member	1 Jul 2002	25% - 50%	4667794
John Hallett Foster	Member	1 Jul 2002	25% - 50%	4667682

Based in New York

The principal office where Hmc, LLC performs its advisory services is located at 505 Park Avenue, New York, NY 10022, 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 212-935-7780 or by fax 212-935-6878. 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 healthpointcapital.com.