Hassell Wealth Management, L.L.C. (Houma)

Name: Hassell Wealth Management, L.L.C.
Address: 300 Lafayette Street, Houma, LA, 70360
Telephone: 985-868-9881

Hassell Wealth Management, L.L.C. is a large advisory firm based in Houma. It manages $157.88 million of regulatory assets for 606 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Louisiana and Texas.

Hassell Wealth Management, L.L.C provides financial planning services, portfolio management for individuals and small businesses, 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.

Hassell Wealth Management, L.L.C: assets under management

The assets under management (AUM) of Hassell Wealth Management, L.L.C. is $157.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $157.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $260.53 thousand each.

Hassell Wealth Management, L.L.C has custody of $4.08 million in cash and securities for 15 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 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Hassell Wealth Management, L.L.C is high net worth individuals with 29 clients and $95.19 million of assets under management. Among the 8 most similar advisory firms, Hassell Wealth Management, L.L.C has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $157.88 million for 277 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.

Hassell Wealth Management, L.L.C doesn't advise any private funds.

Careers at Hassell Wealth Management, L.L.C.

The company employs 7 people that are either part- or full-time employees. 43 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
Stephen Kelly Hassell	Chief compliance officer	1 Jun 2018	Other	5483545
John Thomas Hassell	Managing member	1 Jun 2018	75% - 100%	1201471

Based in Houma

The principal office where Hassell Wealth Management, L.L.C. performs its advisory services is located at 300 Lafayette Street, Houma, LA 70360, 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 985-868-9881. The normal business hours are 8:00am-4:00pm on Monday - Friday. You can find more information about the New York firm at hassellwealth.com.