Hbk Advisory Services LLC (Boardman)

Name: Hbk Advisory Services LLC
Address: 7620 Market Street, Boardman, OH, 44512
Telephone: 330-758-0428

Hbk Advisory Services LLC is a large advisory firm based in Boardman. It manages $272 million of regulatory assets for 1,204 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Massachusetts, and 5 other states.

Hbk Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hbk Advisory Services: assets under management

The assets under management (AUM) of Hbk Advisory Services LLC is $272 million. The firm's AUM has grown by 158% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $79.37 million in discretionary accounts and $192.63 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $515.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $183.46 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hbk Advisory Services LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, fixed fees, and commissions. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Hbk Advisory Services LLC

Phillip Lyle Wilson has been acting as President since 1 Jun 2000. Barry Fordyce Holes joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hbk Financial Services Llc	Parent company	1 Jun 2000	75% - 100%	34-1925718
Phillip Lyle Wilson	President	1 Jun 2000	Other	4174683
Steven John Jackson	Director	1 Jun 2000	Other	4323459
Hbk Sorce Financial Llc	Parent company	1 Jun 2000	75% - 100%	34-1925718
Christopher Mark Allegretti	Chairman and treasurer	1 May 2001	Other	4272280
Christopher Neal Sorce	Managing principal	1 May 2001	Other	820111
Gregory Joseph Sorce	Secretary and managing principal	1 May 2001	Other	1062285
Raymond Dean Piccirillo	Chief operating officer	1 May 2001	Other	2087302
Barry Fordyce Holes	Director	1 Sep 2002	Other	4323455

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Hbk Financial Holdings Llc	Owner	1 Mar 2001	75% - 100%	34-1954020
Barth & King Financial Holdings Llc Hill	Owner	1 Mar 2001	75% - 100%	34-1954020

Based in Boardman

The principal office where Hbk Advisory Services LLC performs its advisory services is located at 7620 Market Street, Boardman, OH 44512, which is also the mailing address of the firm. An additional office of the firm is in Salem, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 330-758-0428 or by fax 330-726-4806. The normal business hours are 8:30a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.hbksorce.com.