Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Banking Institutions
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Hhm Wealth Advisors, LLC Overview
HHM Wealth Advisors, LLC is a fee-only registered investment advisory firm that has been providing investment advice since 2009. Based out of Chattanooga, TN, the firm exclusively offers investment advice and is not affiliated with any financial institution. The firm's unique fee-only approach means that clients only pay for the services they receive. This arrangement ensures that the firm's financial advisors are not pressured to recommend high-commission products for their personal gain. The firm provides a range of services, including financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and pension consulting services. Their financial planning services help clients develop personalized strategies to achieve their financial goals through portfolio diversification and risk management. The firm's portfolio management services use a disciplined investment process to help clients optimize their investments. They assure that the portfolios are consistent with the client's objectives, risk tolerance, and timeline. Overall, HHM Wealth Advisors, LLC has established itself in the market as a reliable partner in the field of investment advice. With their expertise in financial planning and portfolio management, they support individuals and businesses of all sizes in achieving their financial objectives. As a fee-only firm, their approach is entirely client-centered, ensuring that their clients' interests are the top priority.
HHM Wealth Advisors, LLC is a comprehensive wealth management firm that caters to a diverse array of clients. Its clientele comprises individuals looking to maximize their wealth and high net worth individuals seeking customized portfolios. Moreover, HHM Wealth Advisors, LLC also serves banking institutions, pension or profit sharing plans, charitable organizations, and other corporate entities looking to optimize their investments. The firm's dedicated team of financial advisors works closely with each client, ensuring they receive tailored financial planning services that meet their unique needs and goals. HHM Wealth Advisors, LLC offers a selection of fee structures to provide flexible payment options for clients with different investment needs. Clients seeking investment management actively may choose to pay a percentage of assets under management (AUM) for expert guidance and management. Meanwhile, those looking for one-time financial planning services can opt for hourly rates, which depend on the complexity of the financial situation and the amount of time needed to address it. Additionally, clients can select fixed fees, particularly if they require a specific package or service. HHM Wealth Advisors, LLC believes that providing different pricing options encourage transparency and enables clients to choose a fee structure that aligns with their investment objectives.
Typical Clients, Fee Structures & Investment Minimum
According to HHM WEALTH ADVISORS, LLC's Part 2 Brochure, there is an investment minimum requirement. The brochure states that "the Firm may establish minimum investment sizes for its services." However, the brochure does not mention what the specific investment minimum is. Therefore, it is unclear what the minimum investment requirement is for HHM WEALTH ADVISORS, LLC.
How This Office Can Help Hamilton County, TN Residents
HHM Wealth Advisors is a full-service investment advisory firm that assists clients in Hamilton County, TN, with their finances. They provide services such as estate and tax planning, portfolio management, and retirement planning to ensure that clients have a comprehensive financial plan for their future. With an understanding of the local economy and demographics, they can tailor their services to meet the unique needs of residents in Hamilton County. Hamilton County residents may face a range of financial situations, from those struggling with debt to those who are looking to grow their wealth. The economy in Hamilton County is diverse, with industries ranging from healthcare to manufacturing. Some residents may be facing medical bills or other unexpected expenses, while others may be concerned about saving for retirement or their children’s college education. HHM Wealth Advisors can help clients navigate these challenges and create a financial plan that is tailored to their specific needs and goals.
Services Offered by Hhm Wealth Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Hhm Wealth Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–5 PM
- Tue 8 AM–5 PM
- Wed 8 AM–5 PM
- Thu 8 AM–5 PM
- Fri 8 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Hhm Wealth Advisors, LLC is registered to service clients in the following states:
- Alabama
- California
- Florida
- Georgia
- Louisiana
- Maryland
- North Carolina
- Tennessee
- Texas
- Virginia
Disciplinary History
Hhm Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.