Hollow Brook Wealth Management LLC is a large advisory firm based in Katonah. It manages $743.6 million of regulatory assets for 230 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 11 other states.
Hollow Brook Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hollow Brook Wealth Management LLC is $743.6 million. The firm's AUM has grown by 127% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Hollow Brook Wealth Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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, and corporations or other businesses. The largest group of clients of Edgar Wayne Nordberg is high net worth individuals with 170 clients and $622.9 million of assets under management. Among the 12 most similar advisory firms, Hollow Brook Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $743.5 million for 229 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.
Hollow Brook Wealth Management doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
Edgar Wayne Nordberg has been acting as President since 1 Jan 1999. David Adam Oring joined the executive team most recently as the Vice President.
The principal office where Hollow Brook Wealth Management LLC performs its advisory services is located at 152 Bedford Road, Katonah, NY 10536, 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 212-364-1840 or by fax 212-364-1849. The normal business hours are 8am -6pm on Monday - Friday. You can find more information about the New York firm at hballc.com.