Fees and Compensation — Form ADV Part 2A (10/20/2017)
[Brochure]
Item 5 – Fees and Compensation
Clients pay HCM a fee based on the value of assets in their account. Fees are charged
quarterly in arrears based on the market value of the account at the end of the quarter.
Certain Model and WRAP accounts pre-pay fees While HCM intends to charge fees in
accordance with the standard fee schedule in place at the time of executing the investment
management agreement, fees are subject to negotiation and may vary from the standard
schedules to reflect circumstances that apply to a specific client account, including
eleemosynary accounts. The fee schedule, and any applicable terms and conditions, as it
relates to a particular client is detailed in the client’s investment management agreement.
The advisory fee covers only the portfolio management and advisory services provided by
HCM and does not include brokerage commissions, mark-ups and mark-downs, exchange
fees, dealer spreads, other costs associated with the purchase and sale of securities,
custodian fees, transfer fees, wire fees, interest, taxes, or other account expenses. Refer to
Account Minimums and Types of Clients — Form ADV Part 2A (10/20/2017)
[Brochure]
Item 7 – Types of Clients
HCM provides portfolio management to pension and profit sharing plans, state or municipal
government entities endowments and foundations, Taft-Hartley plans, high net worth
individuals through wrap programs,, model platforms, Undertakings for Collective
Investments in Transferable Securities (“UCITS”) authorized under the European Directive,
and proprietary accounts of HCM associates and affiliates.
A minimum account size of $5,000,000 is required for investment advisory services provided
directly by HCM. However, this minimum may be negotiable under certain circumstances.
Account minimums required through wrap programs or model portfolios differ and are
available from the sponsor of each respective program.