Huber, Weakland & Associates, Inc. (Ellicott City)


Huber, Weakland & Associates, Inc. is a large advisory firm based in Ellicott City. It manages $125.06 million of regulatory assets for 325 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Maryland and New Hampshire.

Huber, Weakland & Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Huber, Weakland & Associates: assets under management

The assets under management (AUM) of Huber, Weakland & Associates, Inc. is $125.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 310% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $384.79 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Huber, Weakland & Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Philip Edward Huber serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Philip Edward Huber is high net worth individuals with 35 clients and $93.77 million of assets under management. Among the 4 most similar advisory firms, Huber, Weakland & Associates has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125.06 million for 107 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.

Huber, Weakland & Associates doesn't advise any private funds.

Careers at Huber, Weakland & Associates, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Philip Edward Huber has been acting as President since 1 Jan 1999. Philip E Huber joined the executive team most recently as the President, Chief Executive Officer, Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Philip Edward Huber President 1 Jan 1999 75% - 100% 4485306
Gail Ita Weakland Vice president 1 Jan 1999 25% - 50% 4557210
Philip E Huber Chief compliance officer 1 Jan 2008 Other 2998076
Philip E Huber President, chief executive officer, chief compliance officer 1 Jan 2010 75% - 100% 2998076

Based in Ellicott City

The principal office where Huber, Weakland & Associates, Inc. performs its advisory services is located at 3448 Ellicott Center Drive, Suite 101, Ellicott City, MD 21043, 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 410.696.4025 or by fax 410.696.4031. The normal business hours are 9:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at hwafinancialgroup.com and its LinkedIn profile.