Hardesty Capital Management Corp. (Hunt Valley)

Name: Hardesty Capital Management Corp.
Address: 303 International Circle, Hunt Valley, MD, 21030
Telephone: 410-400-8500

Hardesty Capital Management Corp. is a large advisory firm based in Hunt Valley. It manages $844.86 million of regulatory assets for 715 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Maryland, and Virginia.

Hardesty Capital Management Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hardesty Capital Management Corp: assets under management

The assets under management (AUM) of Hardesty Capital Management Corp. is $844.86 million. The firm's AUM has grown by 71% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $757.41 million in discretionary accounts and $87.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.49 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hardesty Capital Management Corp. 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.

Careers at Hardesty Capital Management Corp.

Charles Avery Meyer has been acting as President since 1 Nov 2013. Steven Latus Shea joined the executive team most recently as the Vice Chairman Of Board.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James D Hardesty	President	1 Nov 1995	75% - 100%	4413852
V Randolph Mcmenamin	Managing director	1 Nov 1995	Other	4519641
David Andrew Stepherson	Chief operations officer	1 Jan 2004	Other	2008610
Eric Paul Schopf	Chief compliance officer	1 Jan 2004	Other	2149671
John Scott Murphy	Chief financial officer	1 Jan 2004	Other	4519730
George R French	Vice president	1 Jan 2004	Other	4519654
Beverly Lee Wright	Executive vice president	1 Jan 2004	Other	1659993
James D Hardesty	Chairman of board	1 Jan 2011	50% - 75%	4413852
Steven Latus Shea	President	1 Jan 2011	Other	4322671
Steven Latus Shea	Vice chairman of board	1 Nov 2013	Other	4322671
Charles Avery Meyer	President	1 Nov 2013	Other	2743959

Based in Hunt Valley

The principal office where Hardesty Capital Management Corp. performs its advisory services is located at 303 International Circle, Hunt Valley, MD 21030, 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 410-400-8500 or by fax 410-400-8543. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at hardestycapital.com.