David Hammer is a registered investment advisor at Hammer Asset Management, LLC, based in Auburn, CA, with 14 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 58 clients with $26M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $300K | 1.50% |
| $300K - $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1.0M - $2.0M | 1.00% |
| $2M+ | 0.75% |
Fee rate is a flat rate applicable to every dollar of assets. An annual discount of up to 0.25% may be negotiated for particular reasons such as multiple accounts. Fee rates for accounts over $5 million at inception can be negotiated. Accounts with assets under $300,000 will be charged a flat annual fee of $4,500 ($1,125 per quarter), unless otherwise negotiated, and shall not exceed 3% of their assets under management.
Fee Estimator
Location
1223 High Street, Ste B1-2, Auburn, CA, 95603-5017
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
David is the bookkeeper and handles online order fulfillment for Sandalwood House, LLC dba Purple Cloud Tea, a retail kitchen cooking supplies and tea ware business. He owns 49 shares of the entity and spends about 10-20% of his time on these duties.
Employment History
Current Registrations
Hammer Asset Management, LLC
State Registrations2 states
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