Hobart Private Capital, LLC (Charlotte)

Name: Hobart Private Capital, LLC
Address: 7733 Ballantyne Commons Parkway, Charlotte, NC, 28277
Telephone: 704-553-0123

Hobart Private Capital, LLC is a large advisory firm based in Charlotte. It manages $159.69 million of regulatory assets for 1,178 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Georgia, and 5 other states.

Hobart Private Capital provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, 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.

Hobart Private Capital: assets under management

The assets under management (AUM) of Hobart Private Capital, LLC is $159.69 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $159.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $135.56 thousand each.

Hobart Private Capital has custody of $5.41 million in cash and securities for 33 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is investment and business development companies, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hobart Private Capital, LLC 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 Hobart Private Capital serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Hobart Private Capital is individuals with 519 clients and $154.5 million of assets under management. Among the 8 most similar advisory firms, Hobart Private Capital has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $159.69 million for 522 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.

Hobart Private Capital doesn't advise any private funds.

Careers at Hobart Private Capital, LLC

The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 9 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Scott Hobart	Managing member and chief compliance officer	1 Jul 2013	75% - 100%	4469608
Thomas Ray Hamilton	Chief compliance officer	1 Sep 2018	Other	5869225

Based in Charlotte

The principal office where Hobart Private Capital, LLC performs its advisory services is located at 7733 Ballantyne Commons Parkway, Charlotte, NC 28277, which is also the mailing address of the firm. An additional office of the firm is in Cary, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-553-0123 or by fax 888-858-0926. The normal business hours are 8:30am t0 5:00pm on Monday - Friday. You can find more information about the New York firm at hobartprivatecapital.com.