Hammond Investment Management is an independent registered investment advisor that has been in business since 2004, led by principal Timothy P. Hammond. The firm primarily offers investment management services tailored to each client's risk tolerance, investment time horizon, and cash flow needs. Hammond Investment Management focuses on long-term investing, emphasizing minimization of portfolio turnover, trading, and expenses through diversification and asset allocation. The investment process begins by understanding client goals through detailed questionnaires and risk tolerance profiles to create a customized investment policy. In addition to individual clients, the firm manages investments for municipalities based on state statutes and local cash flow needs. Hammond Investment Management operates on a fee-based model, charging a percentage of assets under management, and does not accept commissions for selling securities or investment products. Client accounts are primarily custodied at Charles Schwab & Co.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.25% |
| $100K - $250K | 1.10% |
| $250K - $500K | 1.00% |
| $500K - $1.0M | 0.85% |
| $1.0M - $5.0M | 0.75% |
| $5M+ | 0.50% |
Rates shown are for equity and balanced accounts. Fixed-income only accounts have a separate lower schedule ranging from 0.75% down to 0.25%. All fees are negotiable based on portfolio size and complexity.