Hall Capital Partners, LLC is a fee-only financial advisor firm with well over $36 billion in assets under management (AUM). The San Francisco-based firm employs 30 advisors and manages 170 accounts. The services at Hall Capital Partners are generally based around purpose-driven investment management, and the vast majority of the firm’s clients are high-net-worth individuals and families.
Hall Capital Partners Background
Hall Capital Partners opened its doors in 1994. The firm is owned by five of its executives: CEO, co-CIO and founder Kathryn Hall; chairman John Buoymaster; managing partner and co-CIO Eric Alt; and managing partners Simon Krinsky and Sarah Stein. The firm’s team includes seven chartered financial analysts (CFA).
What Types of Clients Does Hall Capital Partners Accept?
Nearly 72% of the firm’s AUM belongs to high-net-worth individuals. Though the firm specializes in serving affluent individuals, its client base extends beyond that. It also works with families, foundations, endowments, charitable organizations, investment advisors, pension plans, profit-sharing plans and pooled investment vehicles.
Hall Capital Partners Minimum Account Size
Hall Capital Partners does not require clients to have a minimum level of investable assets in order to work with the firm. However, the firm does implement the following minimum annual fees:
- $400,000 for most accounts
- $300,000 for accounts that include a performance-based fee
Services Offered by Hall Capital Partners
Hall Capital Partners’ services are angled more towards investment management than different types of financial planning, like retirement planning. Check out the firm’s full list of services below:
- Investment management
- Investment philosophy customization
- Multi-asset class investing
- Underlying manager selection
- Global asset allocation
- Portfolio accounting
- Proprietary research team
- Full Consequence Investing®
- Long-term considerations
- Environmental issues
- Business model sustainability
- Socially conscious decision-making
- Long-term considerations
- Client service and reporting
- Holistic full-service team for each client
- Regular portfolio reviews and investment reports
Hall Capital Partners Investment Philosophy
Like most financial advisor firms, Hall Capital Partners considers clients’ risk tolerance, time horizon, liquidity needs and financial objectives when building their portfolios. However, the firm still maintains its own investment principles, which are first and foremost grounded in a long-term mindset. As is indicated in the services listed above, the firm also takes into account a variety of outside factors, including environmental, social and governance factors and sustainability issues.
High-net-worth investors typically want to keep their money in a state of perpetual growth, but asset protection is also a priority. To satisfy both needs, Hall Capital emphasizes diversification, not just nationally but on a global scale. This includes allocating assets across different areas of the market and between various investment types. Fixed income securities, equities, private equity, hedge funds and real assets are just some of the investments that Hall Capital Partners typically uses in client portfolios.
Fees Under Hall Capital Partners
Hall Capital Partners’ has two fee schedules: one for base fee only accounts and another for base fee plus performance fee accounts. Clients with base fee only accounts are charged an asset-based fee and they’ll also be responsible for management fees, performance fees, brokerage fees, transaction fees and custodian fees.
|Base Fee Only Accounts|
|Client AUM||Annual Fee|
The annual rates associated with the firm’s base fee plus performance fee accounts are slightly lower. However, clients using this fee schedule may be subject to additional fees based on their portfolio’s performance. The firm charges a 10% performance fee if a client’s assets experience at least 8% growth beyond the portfolio’s high water mark, or all-time high.
|Base Fee + Performance Fee Accounts|
|Client AUM||Annual Fee|
Hall Capital Partners institutes minimum annual fee requirements for each of its account types. More specifically, it charges a minimum annual fee of $400,000 for its base fee only accounts and a minimum annual fee of $300,000 for its base fee plus performance fee accounts.
Clients are charged on a quarterly basis. You can choose to either have these fees billed to you, or you can have them directly withdrawn from your assets under the firm’s management.
Check out the table below to see your estimated fees at Hall Capital Partners depending on your level of assets under management. Note that these fees are only estimates and actual costs may vary.
|*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount.|
|Your Assets||Hall Capital Partners Base Fee Services|
What to Watch Out For
All of Hall Capital Partners’ advisory business comes from high-net-worth individuals, families and various types of institutional investors. If you’re an individual investor who is just starting out or who doesn’t have a significant level of investable assets, this firm might not be a good fit.
For the most part, when a firm includes performance-based fees within its fee schedule, that presents a potential conflict of interest. This is because advisors could be incentivized to take more risks to generate higher returns in order to earn this extra compensation. However, Hall Capital Partners and its advisors are fiduciaries, meaning they are legally bound to act in clients’ best interests no matter what.
Hall Capital Partners has a clean record with no disclosures noted in its Form ADV.
Opening an Account With Hall Capital Partners
The best way to reach Hall Capital Partners to open a new account is by calling or emailing the firm. If you’d prefer to call, you can reach the firm’s San Francisco headquarters at (415) 288-0544, or its New York City office at (212) 407-0700. You can also email firstname.lastname@example.org to get in touch.
Where Is Hall Capital Partners Located?
Hall Capital Partners is headquartered in San Francisco, where its office is located in the city’s Financial District at One Maritime Plaza. East Coast clients can find the firm’s secondary branch in New York City. The firm’s New York office is located in Midtown Manhattan near the Rockefeller Center at 850 Third Avenue.
Tips for Investment Planning
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