Hutchinson Capital Management (Larkspur)

Name: Hutchinson Capital Management
Address: 700 Larkspur Landing Circle, Larkspur, CA, 94939
Telephone: 415-464-5650

Hutchinson Capital Management is a large advisory firm based in Larkspur. It manages $585.5 million of regulatory assets for 662 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

Hutchinson Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hutchinson Capital Management: assets under management

The assets under management (AUM) of Hutchinson Capital Management is $585.5 million. The firm's AUM has grown by 139% since the beginning of its operation, and $955 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $579.57 million in discretionary accounts and $5.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $878.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.97 million.

Hutchinson Capital Management has custody of $217.47 million in cash and securities for 108 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is state and local bonds, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hutchinson Capital Management 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 William David Hutchinson serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of William David Hutchinson is high net worth individuals with 136 clients and $438.72 million of assets under management. Among the 7 most similar advisory firms, Hutchinson Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $571.93 million for 292 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.

Hutchinson Capital Management doesn't advise any private funds.

Careers at Hutchinson Capital Management

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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.

William David Hutchinson has been acting as President since 1 Jan 2002. Kevin Patrick Cope has served as the Chief Investment Officer since 1 Jan 2017. Gage Thomas Houser joined the executive team most recently as the Vice President, Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Angela Rabello Haskins	Chief of operations	1 Dec 2001	Other	1256158
William David Hutchinson	President	1 Jan 2002	75% - 100%	254130
Arthur Tashiro	Chief compliance officer	1 Apr 2003	Other	4919761
Ronald Paul Goldstein	Stockholder	1 Jan 2005	Other	2568223
Steven K. Wilkes	Stockholder	1 Jan 2005	Other	2700539
James John Marchi	Chief compliance officer	1 Aug 2006	Other	5197095
William David Hutchinson	Ceo/chairman of the board	1 Sep 2010	50% - 75%	254130
Steven K. Wilkes	President, chief compliance officer	1 Sep 2010	Other	2700539
Ronald Paul Goldstein	Chief financial officer	1 Dec 2010	Other	2568223
Gage Thomas Houser	Vice president, portfolio manager	1 Jun 2011	Other	2908419
William David Hutchinson	Chief investment officer, chairman emeritus	1 Nov 2016	Other	254130
Kevin Patrick Cope	Chief investment officer	1 Jan 2017	Other	2171115

Based in Larkspur

The principal office where Hutchinson Capital Management performs its advisory services is located at 700 Larkspur Landing Circle, Larkspur, CA 94939, 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 415-464-5650 or by fax 415-464-5660. The normal business hours are 8:00am to 4:30pm on Monday - Friday. You can find more information about the New York firm at hutchinsoncapital.com.