Hoge Financial Services, Inc. (Canonsburg)

Name: Hoge Financial Services, Inc.
Address: 400 Southpointe Blvd., Canonsburg, PA, 15317
Telephone: 724-745-9406

Hoge Financial Services, Inc. is a large advisory firm based in Canonsburg. It manages $283.42 million of regulatory assets for 1,236 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Florida, Louisiana, and 10 other states.

Hoge Financial Services provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hoge Financial Services: assets under management

The assets under management (AUM) of Hoge Financial Services, Inc. is $283.42 million. The firm's AUM has grown by 287% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $228.54 million in discretionary accounts and $54.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $246.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $177.6 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hoge Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Hoge Financial Services serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Hoge Financial Services is high net worth individuals with 167 clients and $190.85 million of assets under management. Among the 6 most similar advisory firms, Hoge Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $283.42 million for 485 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.

Hoge Financial Services doesn't advise any private funds.

Careers at Hoge Financial Services, Inc.

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Garrett Stewart Hoge	Chief compliance officer	1 Sep 2008	75% - 100%	1185035

Based in Canonsburg

The principal office where Hoge Financial Services, Inc. performs its advisory services is located at 400 Southpointe Blvd., Canonsburg, PA 15317, 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 724-745-9406 or by fax 724-745-9408. The normal business hours are 9:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at hfinancialmanagement.com/.