HATHER, Robert K

Hather provides discretionary and non-discretionary investment management through separately managed accounts for individuals, high‑net‑worth clients, corporations and retirement accounts, overseeing roughly $11.9 million for a small client base of about a dozen relationships. Services are individualized and include portfolio construction, ongoing monitoring and tactical reallocation based on each client’s objectives and risk profile.

The firm follows a value‑oriented, security‑specific approach, screening a universe of about 6,000 stocks using valuation metrics such as price‑to‑earnings, price‑to‑book and price‑to‑sales, and generally constructs concentrated portfolios of roughly 20 positions (targeting about 4–5% at initial purchase). It employs three core strategies (growth & income, growth, aggressive growth), may use short positions on occasion to hedge perceived overvaluation, and can hold substantial cash equivalents when market valuations appear elevated; accounts are not run net short.

Noteworthy for a single‑advisor firm, Hather reports no non‑high‑net‑worth individual clients, reflecting a concentrated HNW‑focused client mix that is less common among independent advisers. The brochure also highlights the firm’s custodial relationship with an institutional broker‑dealer that supplies research and platform services, its internal compliance procedures (a Code of Ethics and pre‑clearance/reporting of personal trades), and discloses a 1999 arbitration matter relating to a concentration claim.