Mackenzie Hughes & Hartnett Investment Advisors LLC (Syracuse)

Mackenzie Hughes & Hartnett Investment Advisors LLC is a mid-sized advisory firm based in Syracuse. It manages $76.49 million of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

Mackenzie Hughes & Hartnett Investment Advisors provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mackenzie Hughes & Hartnett Investment Advisors: assets under management

The assets under management (AUM) of Mackenzie Hughes & Hartnett Investment Advisors LLC is $76.49 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $76.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.83 million each.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mackenzie Hughes & Hartnett Investment Advisors LLC for their services and products based on a percentage of assets under management. 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 Mackenzie Hughes & Hartnett Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mackenzie Hughes & Hartnett Investment Advisors is high net worth individuals with 22 clients and $75.04 million of assets under management. Among the 2 most similar advisory firms, Mackenzie Hughes & Hartnett Investment Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $76.49 million for 27 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.

Mackenzie Hughes & Hartnett Investment Advisors doesn't advise any private funds.

Indirect Owners

The SEC currently registers 40 indirect owners.

Based in Syracuse

The principal office where Mackenzie Hughes & Hartnett Investment Advisors LLC performs its advisory services is located at 440 South Warren St., Syracuse, NY 13202, 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 315-474-7571 or by fax 315-474-6409. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at mackenziehughes.com/mhh/index.html.

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