Hengehold Capital Management LLC (Cincinnati)

Name: Hengehold Capital Management LLC
Address: 6116 Harrison Ave, Cincinnati, OH, 45247 7833
Telephone: 513-598-5120

Hengehold Capital Management LLC is a large advisory firm based in Cincinnati. It manages $590.06 million of regulatory assets for 1,999 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Hengehold Capital Management 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 more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hengehold Capital Management: assets under management

The assets under management (AUM) of Hengehold Capital Management LLC is $590.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 331% since the beginning of its operation, and $2.46 million of the total AUM is attributable to clients outside of the United States.

The firm manages $590.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $295.18 thousand each.

Hengehold Capital Management has custody of $30.52 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hengehold Capital Management LLC for their services and products based on a percentage of assets under management. 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 Hengehold Capital Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Hengehold Capital Management is high net worth individuals with 155 clients and $334.57 million of assets under management. Among the 9 most similar advisory firms, Hengehold Capital Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $578.77 million for 636 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Hengehold Capital Management doesn't advise any private funds.

Careers at Hengehold Capital Management LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Hengehold Capital Management LLC is owned by Michael T Hengehold. Gregory Allen Middendorf joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael T Hengehold	Owner/chief compliance officer	1 Jan 1990	75% - 100%	2377351
Michael Hengehold	Owner	1 Jan 1990	75% - 100%	2377351
Gregory Allen Middendorf	Owner	1 Apr 2015	Other	6429344
Jake Elliott Butcher	Owner	1 Apr 2015	Other	5058104

Based in Cincinnati

The principal office where Hengehold Capital Management LLC performs its advisory services is located at 6116 Harrison Ave, Cincinnati, OH 45247 7833, 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 513-598-5120 or by fax 513-598-2314. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at hengeholdcapital.com and its LinkedIn profile.