J.R. Hill & Associates, Inc. (Pepper Pike)


J.R. Hill & Associates, Inc. is a large advisory firm based in Pepper Pike. It manages $320 million of regulatory assets for 1,549 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Ohio.

J.R. Hill & Associates provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

J.R. Hill & Associates: assets under management

The assets under management (AUM) of J.R. Hill & Associates, Inc. is $320 million. The firm's AUM has grown by 550% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $249 million in discretionary accounts and $71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $162 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.92 million.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay J.R. Hill & Associates, 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 James Robert Hill serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of James Robert Hill is high net worth individuals with 111 clients and $167 million of assets under management. Among the 8 most similar advisory firms, J.R. Hill & Associates has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $320 million for 488 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.

J.R. Hill & Associates doesn't advise any private funds.

Careers at J.R. Hill & Associates, Inc.

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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.

James Robert Hill has been acting as President since 1 Jan 2000. David Paul Kocsis joined the executive team most recently as the Retirement Plan Consultant.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James Robert Hill President/advisor/chief compliance officer 1 Jan 2000 75% - 100% 2380585
David Allen Grano Partner, chief compliance officer 1 Dec 2007 Other 2655109
David Paul Kocsis Retirement plan consultant 1 Jul 2016 50% - 75% 4203137
Gregory Michael Gromek Financial advisor 1 Jul 2016 50% - 75% 4348887

Based in Pepper Pike

The principal office where J.R. Hill & Associates, Inc. performs its advisory services is located at 29225 Chagrin Blvd., Pepper Pike, OH 44122, 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 216-370-7887 or by fax 216-292-7865. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at hillfinancialgroup.com.