Hudock Capital Group, LLC (Williamsport)

Name: Hudock Capital Group, LLC
Address: 400 Market Street, Williamsport, PA, 17701
Telephone: 570-326-9500

Hudock Capital Group, LLC is a large advisory firm based in Williamsport. It manages $454.07 million of regulatory assets for 1,863 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, District of Columbia, and 13 other states.

Hudock Capital Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hudock Capital Group: assets under management

The assets under management (AUM) of Hudock Capital Group, LLC is $454.07 million. 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 $395.27 million in discretionary accounts and $58.8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $273.49 thousand.

Hudock Capital Group has custody of $43.43 million in cash and securities for 109 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hudock Capital Group, LLC 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 Michael Joseph Hudock serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Michael Joseph Hudock is high net worth individuals with 178 clients and $325.78 million of assets under management. Among the 12 most similar advisory firms, Hudock Capital Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $449.41 million for 720 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.

Hudock Capital Group doesn't advise any private funds.

Careers at Hudock Capital Group, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Joseph Hudock has been acting as President since 1 Nov 2009. Inc. Employee Stock Ownership Plan And Trust Hudock joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Barbara Benner Hudock	Managing member	1 Nov 2009	50% - 75%	1023038
Michael Joseph Hudock	Member/president	1 Nov 2009	25% - 50%	4624965
Wayne Ley Dieffenderfer	Chief compliance officer	1 Mar 2012	Other	3182865
Inc. Employee Stock Ownership Plan And Trust Hudock	Owner	1 Jul 2019	75% - 100%	84-6534125

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Joseph Hudock	Trustee	1 Jul 2019	25% - 50%	4624965
Barbara Benner Hudock	Trustee	1 Jul 2019	50% - 75%	1023038

Based in Williamsport

The principal office where Hudock Capital Group, LLC performs its advisory services is located at 400 Market Street, Williamsport, PA 17701, 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 570-326-9500 or by fax 570-326-9577. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at hudockmoyer.com.