Hohimer Wealth Management, LLC (Seattle)

Name: Hohimer Wealth Management, LLC
Address: One Union Square, Seattle, WA, 98101
Telephone: 206-709-5955

Hohimer Wealth Management, LLC is a large advisory firm based in Seattle. It manages $556.99 million of regulatory assets for 373 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alaska, Arizona, California, and 18 other states.

Hohimer Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hohimer Wealth Management: assets under management

The assets under management (AUM) of Hohimer Wealth Management, LLC is $556.99 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $540.69 million in discretionary accounts and $16.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.78 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $232.89 thousand.

Hohimer Wealth Management has custody of $5.13 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is state and local bonds, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hohimer Wealth Management, 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 Hohimer Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Hohimer Wealth Management is high net worth individuals with 43 clients and $402.34 million of assets under management. Among the 9 most similar advisory firms, Hohimer Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $554.42 million for 372 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.

Hohimer Wealth Management doesn't advise any private funds.

Careers at Hohimer Wealth Management, LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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
David Henry Hohimer	Principal/managing member	1 Jan 2019	75% - 100%	2146704
Orest Nicholas Taraban	Chief compliance officer	1 Mar 2019	Other	833814

Based in Seattle

The principal office where Hohimer Wealth Management, LLC performs its advisory services is located at One Union Square, Seattle, WA 98101, 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 206-709-5955. The normal business hours are 6-4 on Monday - Friday. You can find more information about the New York firm at hohimerwealthmanagement.com and its LinkedIn profile.