Hudson Heritage Capital Management, Inc. (Croton On Hudson)

Name: Hudson Heritage Capital Management, Inc.
Address: 20 Baltic Place, Croton On Hudson, NY, 10520
Telephone: 914-271-8102

Hudson Heritage Capital Management, Inc. is a mid-sized advisory firm based in Croton On Hudson. It manages $82.26 million of regulatory assets for 504 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of New Jersey, New York, and Pennsylvania.

Hudson Heritage Capital Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hudson Heritage Capital Management: assets under management

The assets under management (AUM) of Hudson Heritage Capital Management, Inc. is $82.26 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hudson Heritage Capital Management, Inc. 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 Hudson Heritage Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Hudson Heritage Capital Management is high net worth individuals with 22 clients and $42.78 million of assets under management. Among the 3 most similar advisory firms, Hudson Heritage Capital Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $82.26 million for 213 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.

Hudson Heritage Capital Management doesn't advise any private funds.

Careers at Hudson Heritage Capital Management, Inc.

The company employs 14 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. 14 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
Dominick Thomas Scianandre	President, chief compliance officer and financial and operations principal	1 Sep 1997	50% - 75%	872050
Frederick William Peterson	Vice president	1 Sep 1997	50% - 75%	1420142
Daniel Charles Preston	Vice president	1 Sep 1997	Other	1409173

Based in Croton On Hudson

The principal office where Hudson Heritage Capital Management, Inc. performs its advisory services is located at 20 Baltic Place, Croton On Hudson, NY 10520, which is also the mailing address of the firm. An additional office of the firm is in Woodcliff Lake, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-271-8102 or by fax 914-271-3417. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at hhcminc.com.