Hilltop Wealth Advisors, LLC (Chapel Hill)

Name: Hilltop Wealth Advisors, LLC
Address: 6320 Quadrangle Drive, Chapel Hill, NC, 27517
Telephone: (919) 401-1500

Hilltop Wealth Advisors, LLC is a large advisory firm based in Chapel Hill. It manages $240.9 million of regulatory assets for 388 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, North Carolina, Texas, and Virginia.

Hilltop Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

Hilltop Wealth Advisors: assets under management

The assets under management (AUM) of Hilltop Wealth Advisors, LLC is $240.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 68% since the beginning of its operation, and $295.43 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $240.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $620.88 thousand each.

Hilltop Wealth Advisors has custody of $53.65 million in cash and securities for 118 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 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hilltop Wealth Advisors, 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 Hilltop Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Hilltop Wealth Advisors is high net worth individuals with 127 clients and $151.93 million of assets under management. Among the 9 most similar advisory firms, Hilltop Wealth Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $240.9 million for 388 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.

Hilltop Wealth Advisors doesn't advise any private funds.

Careers at Hilltop Wealth Advisors, LLC

The company employs 15 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 6 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher James Vasseur	Chief compliance officer	1 Apr 2016	Other	4422373
Benjamin Richard Yeager	Managing member	1 Apr 2016	50% - 75%	4456729
Russell S. Eriksen	Managing member	1 Apr 2016	50% - 75%	4750709
Russell Stephen Eriksen	Managing member and chief compliance officer	1 Apr 2016	25% - 50%	4750709

Based in Chapel Hill

The principal office where Hilltop Wealth Advisors, LLC performs its advisory services is located at 6320 Quadrangle Drive, Chapel Hill, NC 27517, 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 (919) 401-1500 or by fax (919) 401-1510. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at hilltopwealthadvisors.com.