Haymarket Wealth Management LLC (Madison)

Name: Haymarket Wealth Management LLC
Address: 40 Main Street, Madison, NJ, 07940
Telephone: 973-441-2110

Haymarket Wealth Management LLC is a large advisory firm based in Madison. It manages $309.13 million of regulatory assets for 140 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New Jersey.

Haymarket Wealth 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.

Haymarket Wealth Management: assets under management

The assets under management (AUM) of Haymarket Wealth Management LLC is $309.13 million. The firm's AUM has grown by 21% since the beginning of its operation, and $7.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $60.16 million in discretionary accounts and $248.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $589.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.55 million.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Haymarket Wealth Management LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Haymarket Wealth Management serves?

The only and largest group of clients of Haymarket Wealth Management is high net worth individuals with 28 clients and $309.13 million of assets under management. Among the 10 most similar advisory firms, Haymarket Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $309.13 million for 28 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Haymarket Wealth Management doesn't advise any private funds.

Careers at Haymarket Wealth Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Thomas Francis Hagerstrom	Managing member & chief compliance officer	1 May 2012	75% - 100%	2517133

Based in Madison

The principal office where Haymarket Wealth Management LLC performs its advisory services is located at 40 Main Street, Madison, NJ 07940, 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 973-441-2110 or by fax 973-828-0350. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at haymarketwealth.com.