Hartford Financial Management Inc (Hartford)

Name: Hartford Financial Management Inc
Address: One Constitution Plaza, 9 Th Floor, Hartford, CT, 06103
Telephone: 860-241-0028

Hartford Financial Management Inc is a large advisory firm based in Hartford. It manages $698.77 million of regulatory assets for 194 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Delaware, and 9 other states.

Hartford Financial Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hartford Financial Management: assets under management

The assets under management (AUM) of Hartford Financial Management Inc is $698.77 million. The firm's AUM has grown by 75% since the beginning of its operation, and $285 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $665.1 million in discretionary accounts and $33.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.42 million.

Hartford Financial Management has custody of $360.56 million in cash and securities for 186 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 27% of the total AUM. The second-largest asset type is state and local bonds, which make up 26% of the firm’s portfolio. Investments in investment and business development companies form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hartford Financial Management Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rafael Dario Quiros serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Rafael Dario Quiros is banking or thrift institutions with 5 clients and $320.76 million of assets under management. Among the 6 most similar advisory firms, Hartford Financial Management has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $698.77 million for 193 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Hartford Financial Management doesn't advise any private funds.

Careers at Hartford Financial Management Inc

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Rafael Dario Quiros has been acting as President since 1 Oct 1988. Ann Eugenie Cohen joined the executive team most recently as the Chief Compliance Officer, Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rafael Dario Quiros	President	1 Oct 1988	75% - 100%	369607
Ann Eugenie Cohen	Treasurer	1 Jan 2000	Other	2315637
Ann Eugenie Cohen	Chief compliance officer, treasurer	1 Sep 2004	Other	2315637

Based in Hartford

The principal office where Hartford Financial Management Inc performs its advisory services is located at One Constitution Plaza, 9 Th Floor, Hartford, CT 06103, 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 860-241-0028 or by fax 888-307-6981. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at hfmonline.com.