Hep Partners LLC (Dallas)

Hep Partners LLC is a large advisory firm based in Dallas. It manages $249.35 million of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.

Hep Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hep Partners: assets under management

The assets under management (AUM) of Hep Partners LLC is $249.35 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $249.35 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.81 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hep Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Hep Partners serves?

The only and largest group of clients of Hep Partners is pooled investment vehicles with 14 clients and $249.35 million of assets under management. Among the 12 most similar advisory firms, Hep Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $249.35 million for 14 clients. None of the firm’s clients are foreign persons or businesses.

Hep Partners also advises several private funds. Namely, fifteen private equity funds.

Careers at Hep Partners LLC

The company employs 21 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No 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
Thomas Ollis Hicks	Chairman, president and chief executive officer	1 Jan 2012	75% - 100%	2054729
Christina Weaver Vest	Executive vice president and chief operating officer	1 Jan 2012	Other	6028999
Lori Kay Mccutcheon	Chief compliance officer, vice president, treasurer and secretary	1 Jan 2012	Other	6029295
Bruce Kevin Mcglaun	Chief compliance officer	1 Mar 2018	Other	6929986
Kevin Mcglaun	Chief compliance officer	1 Mar 2018	Other	6929986
Britton Len Brown	Chief financial officer/ chief compliance officer	1 Oct 2018	Other	5670482

Based in Dallas

The principal office where Hep Partners LLC performs its advisory services is located at 2200 Ross Avenue, Dallas, TX 75201, 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 214-615-2292. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday.