H. L. Ormond & Company, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$359,744,989
Total clients
256
32% high-net worth
Total advisors
2
of 3 employees
Firm size
Supported
1-3 advisors or $200M+ in AUM
Average clients per advisor
128
Average account size
$1,405,254
About
H. L. Ormond & Company provides investment advisory services to individuals (including high‑net‑worth clients), trusts, estates, charitable organizations, retirement plans, and businesses, offering both discretionary and non‑discretionary portfolio management as well as retirement plan consulting and SIMPLE IRA plan services. The firm delivers advice through three service platforms — a direct-managed platform, AMS wrap programs, and an Outside Manager (OSM) dual‑contract option — and generally charges asset‑based fees.
The firm’s investment approach is long‑term and equity‑oriented, emphasizing diversified portfolios that may include mutual funds, ETFs, individual bonds and equities, REITs, and managed account strategies; it also retains legacy positions when appropriate for tax or portfolio‑fit reasons. Its stated philosophy is centered on three equity investing rules — owning quality, maintaining diversification, and investing with patience — and it conducts fundamental and technical research supplemented by third‑party manager due diligence.
Noteworthy distinctions include its affiliation with insurance activities: certain advisory personnel are licensed insurance professionals who may receive separate commission compensation for insurance sales, a potential conflict of interest disclosed in the brochure. The firm also operates significant assets for a very small advisory team (about $360 million in AUM with two advisors and roughly 256 clients) and makes regular use of wrap fee/third‑party manager arrangements through Raymond James and its AMS division, which provide custodial, execution and support services that the firm discloses may influence custodial recommendations.
Client services
Fee options
$0+: 0.75% to 1.75% annually (HLO Direct Platform, tiered based on assets and negotiated) $0+: 0.75% to 2.25% annually (AMS Managed Programs wrap fee, all-inclusive) $0+: 0.75% to 1.75% annually (OSM wrap fee program) plus separate Manager fee $0+: 0.30% to 0.50% annually (Independent Manager fee in OSM program)
Certain Advisory Persons may earn commissions from insurance product sales separate from advisory fees
Account minimum: $1,000,000 generally required (may be reduced at Advisor's discretion); AMS Managed Programs and OSM Programs minimums range from $25,000 to $2,000,000 depending on strategy
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Main office location
H. L. Ormond & Company, LLC
1001 Conference Drive, Suite A
Greenville NC 27858, United States
Number of offices
1
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