Hart Financial, LLC

Hart Financial provides discretionary asset management and portfolio management services primarily to individual clients, including high-net-worth individuals, and also works with charitable organizations, corporate/business clients and state or municipal government entities. The firm reports approximately $78.5 million in assets under management across about 418 client accounts and does not impose a required account minimum.

The firm constructs client portfolios using a mix of fundamental and technical analysis and may employ long-term purchase strategies; investment programs are based on documented client goals, time horizons and risk tolerances. Hart Financial exercises discretionary trading authority, monitors holdings at least weekly, and conducts account reviews at least quarterly with at least annual suitability updates and opportunities for client-imposed restrictions.

What distinguishes the firm from most independent solo advisers is its unusually high client count per advisor (well over 200 clients) and its client mix that includes municipal/state and corporate clients as well as charitable organizations, all of which are uncommon for firms of this type. The managing member maintains a separate insurance practice (about 10% of his time), a disclosed affiliation that can create conflicts of interest that the firm says it mitigates through disclosures and fiduciary procedures; the firm also relies on a single custodian relationship and receives certain economic benefits through that arrangement.