Hawsgoodwin Investment Management, LLC (Franklin)

Name: Hawsgoodwin Investment Management, LLC
Address: 5000 Meridian Boulevard, Franklin, TN, 37067
Telephone: 615-771-1012

Hawsgoodwin Investment Management, LLC is a large advisory firm based in Franklin. It manages $393.29 million of regulatory assets for 633 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, Kentucky, Louisiana, Nebraska, and Tennessee.

Hawsgoodwin Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hawsgoodwin Investment Management: assets under management

The assets under management (AUM) of Hawsgoodwin Investment Management, LLC is $393.29 million. The firm's AUM has grown by 292% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $256.37 million in discretionary accounts and $136.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $418.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.85 million.

Hawsgoodwin Investment Management has custody of $90 million in cash and securities for 210 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 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hawsgoodwin Investment Management, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Hawsgoodwin Investment Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Hawsgoodwin Investment Management is high net worth individuals with 50 clients and $200.26 million of assets under management. Among the 10 most similar advisory firms, Hawsgoodwin Investment Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $379.46 million for 251 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.

Hawsgoodwin Investment Management doesn't advise any private funds.

Careers at Hawsgoodwin Investment Management, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Warren Cameron Goodwin	Managing member / chief operating officer	1 Aug 2008	25% - 50%	4927506
Claud Arthur Haws	Managing member / chief compliance officer / chief executive officer	1 Aug 2008	50% - 75%	2051664

Based in Franklin

The principal office where Hawsgoodwin Investment Management, LLC performs its advisory services is located at 5000 Meridian Boulevard, Franklin, TN 37067, 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 615-771-1012 or by fax 615-771-1013. The normal business hours are 8:00am - 4:00pm (ct) on Monday - Friday. You can find more information about the New York firm at hawsgoodwin.com.