Hayes Financial, Inc. (San Jose)

Name: Hayes Financial, Inc.
Address: 99 Almaden Blvd, San Jose, CA, 95113
Telephone: 408-947-7321

Hayes Financial, Inc. is a large advisory firm based in San Jose. It manages $188.03 million of regulatory assets for 514 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Colorado, Hawaii, and 8 other states.

Hayes Financial provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hayes Financial: assets under management

The assets under management (AUM) of Hayes Financial, Inc. is $188.03 million. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $184.21 million in discretionary accounts and $3.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $367.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $294.13 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hayes Financial, Inc. for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Zachary Daniel Hayes serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Zachary Daniel Hayes is high net worth individuals with 65 clients and $152.98 million of assets under management. Among the 10 most similar advisory firms, Hayes Financial has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $188.03 million for 155 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.

Hayes Financial doesn't advise any private funds.

Careers at Hayes Financial, Inc.

The company employs 5 people that are either part- or full-time employees. 60 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.

Zachary Daniel Hayes has been acting as President since 1 Feb 2013. Clare Raleigh joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Clare Raleigh	Chief compliance officer	1 Jul 2009	Other	5392695
Clare Chang	Chief compliance officer	1 Jul 2009	Other	5392695
Zachary Daniel Hayes	President	1 Feb 2013	75% - 100%	4233286

Based in San Jose

The principal office where Hayes Financial, Inc. performs its advisory services is located at 99 Almaden Blvd, San Jose, CA 95113 The mailing address of the firm is 15585 Monterey Rd, Morgan Hill, CA 95037. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 408-947-7321 or by fax 408-947-7328. The normal business hours are 7:30 to 3:30 pm on Monday - Friday. You can find more information about the New York firm at hfinancial.com.