Solomon Hess Sba Management LLC (Falls Church)

Name: Solomon Hess Sba Management LLC
Address: 431 Park Avenue, Falls Church, VA, 22046
Telephone: 703-356-3333

Solomon Hess Sba Management LLC is a large advisory firm based in Falls Church. It manages $773.33 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Virginia.

Solomon Hess Sba Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Solomon Hess Sba Management: assets under management

The assets under management (AUM) of Solomon Hess Sba Management LLC is $773.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 121% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $773.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $386.67 million each.

Solomon Hess Sba Management has custody of $773.33 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Solomon Hess Sba Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Solomon Hess Sba Management serves?

The only and largest group of clients of Solomon Hess Sba Management is pooled investment vehicles with 2 clients and $773.33 million of assets under management. Among the 10 most similar advisory firms, Solomon Hess Sba Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $773.33 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Solomon Hess Sba Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $500,000.

Careers at Solomon Hess Sba Management LLC

The company employs 10 people that are either part- or full-time employees. 40 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
Solomon Hess Llc	Member	1 Apr 2004	25% - 50%	20-0988232
William Edward Einstein	Chief compliance officer	1 Apr 2004	Other	2556648
Christopher Gordon Townsend	Member	1 May 2004	Other	1961136
John Willard Marriott	Member	1 May 2004	Other	6028009

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Jason Heilizer	Member	1 Apr 2004	50% - 75%	3214880
Michael Patrick Fallon	Member	1 Jul 2018	25% - 50%	5929736
Anthony J. Heilizer Irrevocable Trust	Member	1 Oct 2018	25% - 50%	84-6399341
Christina Saxon Shutes	Trustee	1 Oct 2018	75% - 100%	3214863

Based in Falls Church

The principal office where Solomon Hess Sba Management LLC performs its advisory services is located at 431 Park Avenue, Falls Church, VA 22046, 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 703-356-3333 or by fax 703-356-8383. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at solomonhess.com.