Hoylecohen, LLC (San Diego)

Name: Hoylecohen, LLC
Address: 9350 Waxie Way, San Diego, CA, 92123
Telephone: 858-576-7300

Hoylecohen, LLC is a large advisory firm based in San Diego. It manages $1.71 billion of regulatory assets for 3,292 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Colorado, and 9 other states.

Hoylecohen provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hoylecohen: assets under management

The assets under management (AUM) of Hoylecohen, LLC is $1.71 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 368% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.71 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $520.4 thousand each.

Hoylecohen has custody of $10.52 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 31% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in pooled investment vehicles form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hoylecohen, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Elisabeth Cullington serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Elisabeth Cullington is high net worth individuals with 462 clients and $1.48 billion of assets under management. Among the 10 most similar advisory firms, Hoylecohen has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.71 billion for 1,067 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.

Hoylecohen doesn't advise any private funds.

Careers at Hoylecohen, LLC

The company employs 44 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 16 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 receive compensation from other entities for client referrals.

Elisabeth Cullington has been acting as President since 1 Mar 2012. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Operating	Member	1 May 2006	75% - 100%	20-8161914
Kevin Dewey Hoyle	Manager	1 May 2006	Other	1105896
Joseph Jeffrey Cohen	Manager/chief compliance officer	1 May 2006	Other	1655126
Llc Focus Financial Partners	Member	1 May 2006	75% - 100%	16-1728260
Mark James Delfino	Managing director/chief compliance officer	1 Mar 2008	Other	4660681
Elisabeth Cullington	Director	1 Mar 2012	Other	1563270
Troy Justin Waters	Director	1 Mar 2012	Other	2703944
Peter William Mueller	Managing director	1 Jun 2017	Other	5155229

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	135263
L.P. Summit Ventures Via	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
L.P. Summit Ventures Via	Member	1 May 2006	50% - 75%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in San Diego

The principal office where Hoylecohen, LLC performs its advisory services is located at 9350 Waxie Way, San Diego, CA 92123, which is also the mailing address of the firm. An additional office of the firm is in Santa Monica, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-576-7300 or by fax 858-576-4888. The normal business hours are 7 am to 4 pm pst on Monday - Friday. You can find more information about the New York firm at hoylecohen.com.