Hmm Group LLC (Indian Wells)


Hmm Group LLC is a large advisory firm based in Indian Wells. It manages $152.42 million of regulatory assets for 626 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Idaho, and Texas.

Hmm Group provides financial planning services, 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.

Hmm Group: assets under management

The assets under management (AUM) of Hmm Group LLC is $152.42 million. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $149.56 million in discretionary accounts and $2.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.62 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $408.43 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hmm Group 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.

What kind of clients Hmm Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Hmm Group is high net worth individuals with 40 clients and $77.36 million of assets under management. Among the 10 most similar advisory firms, Hmm Group has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $152.42 million for 265 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.

Hmm Group doesn't advise any private funds.

Careers at Hmm Group LLC

The company employs 4 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Mark Lee Hayek Managing member 1 Jul 2017 50% - 75% 2440197
Michael John Mcconnell Managing member & chief compliance officer 1 Jul 2017 50% - 75% 6183178

Based in Indian Wells

The principal office where Hmm Group LLC performs its advisory services is located at 74 900 Highway 111, Suite 112, Indian Wells, CA 92210, which is also the mailing address of the firm. An additional office of the firm is in Meridian, ID. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 442-274-5300. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at mpremierpartners.com.

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