Joseph John Hasson, Jr. (Brooklyn)

Joseph John Hasson, Jr. is a large advisory firm based in Brooklyn. It manages $100.52 million of regulatory assets for 35 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.

Joseph John Hasson, Jr provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Joseph John Hasson, Jr: assets under management

The assets under management (AUM) of Joseph John Hasson, Jr. is $100.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 187% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.87 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 45% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 43% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Joseph John Hasson, Jr. for their services and products based on a percentage of assets under management and fixed 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 Joseph John Hasson, Jr serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Joseph John Hasson, Jr is high net worth individuals with 6 clients and $53.31 million of assets under management. Among the 14 most similar advisory firms, Joseph John Hasson, Jr has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $100.52 million for 43 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.

Joseph John Hasson, Jr doesn't advise any private funds.

Careers at Joseph John Hasson, Jr.

The company employs 1 person that is either a part- or full-time employee. 100 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
Joseph John Hasson	Sole proprietor/chief compliance officer	1 Oct 1990	75% - 100%	239505

Based in Brooklyn

The principal office where Joseph John Hasson, Jr. performs its advisory services is located at 105 82 Nd Street, Brooklyn, NY 11209, 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 718-921-3600. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.