Hesen & Haslam, LLC (Woodland Hills)

Name: Hesen & Haslam, LLC
Address: 21031 Ventura Blvd, Woodland Hills, CA, 91364
Telephone: 818-200-1107

Hesen & Haslam, LLC is a large advisory firm based in Woodland Hills. It manages $132.96 million of regulatory assets for 400 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and Texas.

Hesen & Haslam provides financial planning services, portfolio management for individuals and small businesses, 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.

Hesen & Haslam: assets under management

The assets under management (AUM) of Hesen & Haslam, LLC is $132.96 million. The firm's AUM has grown by 32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.74 million in discretionary accounts and $13.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $304.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.89 million.

Hesen & Haslam has custody of $132.96 million in cash and securities for 241 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hesen & Haslam, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hesen & Haslam serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Hesen & Haslam is high net worth individuals with 41 clients and $64.88 million of assets under management. Among the 9 most similar advisory firms, Hesen & Haslam has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.96 million for 247 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.

Hesen & Haslam doesn't advise any private funds.

Careers at Hesen & Haslam, LLC

The company employs 6 people that are either part- or full-time employees. 50 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
Ryan O Haslam	Managing member	1 Mar 2014	50% - 75%	4531836
Mitchell Hutto Hesen	Managing member	1 Mar 2014	50% - 75%	1054400
Christine Janelle Kuether	Chief compliance officer	1 Mar 2017	Other	4888253

Based in Woodland Hills

The principal office where Hesen & Haslam, LLC performs its advisory services is located at 21031 Ventura Blvd, Woodland Hills, CA 91364, 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 818-200-1107 or by fax 866-602-5006. The normal business hours are 9-5pm on Monday - Friday. You can find more information about the New York firm at hhretirement.com.