Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Hardy Reed, LLC Overview
HARDY REED, LLC is an investment advisory firm that was established in 2006 and has been providing financial services to clients for over a decade. The firm is headquartered in Tupelo, MS and operates on a fee-only arrangement. This means that clients only pay a fee for the services provided and the firm does not earn commissions or sell products to its clients. As a registered investment advisory firm, HARDY REED, LLC specializes in providing investment advice only. The firm offers a range of financial planning services to help individuals and small businesses achieve their financial goals. In addition, the firm provides portfolio management services to help clients grow and protect their wealth. These services are available for both businesses and institutional clients. HARDY REED, LLC also offers pension consulting services to help clients navigate the complex world of retirement planning. The firm's experienced consultants work with clients to develop customized pension plans that are tailored to their specific needs. Apart from these services, the firm also offers consultation services to individuals and businesses looking to make informed financial decisions.
HARDY REED, LLC caters to a diverse range of clients that include individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other types of corporations that are not listed. By offering a wide spectrum of wealth management services, HARDY REED, LLC has built a reputation for providing innovative and tailored solutions for clients from all backgrounds. Whether a client is looking for short-term financial advice or a long-term investment strategy, HARDY REED, LLC has the expertise, experience, and resources to meet their unique needs. The fee structures available at HARDY REED, LLC are flexible and transparent, allowing clients to choose the one that best suits their financial goals and requirements. Clients can avail themselves of a percentage of AUM-based fee structure that charges a percentage of the assets managed by the firm. This fee structure is ideal for those looking for ongoing investment advice and management. Alternatively, clients can opt for an hourly fee, which is suitable for those looking for quick financial advice or one-time consultations. Fixed fees are also available for clients who prefer a pre-determined payment for a specific service. With this range of fee structures, HARDY REED, LLC ensures that every client can access the services they need at a fair and reasonable price.
Typical Clients, Fee Structures & Investment Minimum
Hardy Reed, LLC does not impose an account minimum, according to their Part 2 Brochure note about investment minimums. However, clients should be aware that the firm generally imposes a minimum annual fee of $10,000 for investment management services. This minimum fee may make the firm's services impractical for clients with small accounts. Hardy Reed may negotiate a lower fee based on certain criteria, but clients should be aware that this is not guaranteed.
How This Office Can Help Tupelo, MS Residents
Hardy Reed, LLC is a financial advisory firm that provides comprehensive financial planning, investment management, and retirement planning services to clients in Tupelo, MS and the surrounding areas. The firm works closely with clients to create customized financial plans that address their unique needs and goals, and provides ongoing support and guidance to help them achieve financial success. Many clients in Tupelo, MS may be facing common financial challenges such as managing debt, saving for retirement, or planning for educational expenses. Hardy Reed, LLC can assist these clients by providing strategies for debt reduction, developing investment plans that align with their retirement goals, and creating disciplined savings plans for college expenses. In addition, the firm can help clients navigate complex financial situations such as estate planning, tax management, and business succession planning. With a commitment to transparency, integrity, and personalized service, Hardy Reed, LLC is dedicated to helping clients in Tupelo, MS achieve their financial goals.
Services Offered by Hardy Reed, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Hardy Reed, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–4 PM
- Tue 8 AM–4 PM
- Wed 8 AM–4 PM
- Thu 8 AM–4 PM
- Fri 8 AM–4 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Hardy Reed, LLC is registered to service clients in the following states:
- Alabama
- California
- Florida
- Georgia
- Louisiana
- Mississippi
- North Carolina
- Tennessee
- Texas
Disciplinary History
Hardy Reed, LLC does not have any disclosures. Please visit it's Form ADV for more details.