Firm Description
Hixon Zuercher, LLC dba Hixon Zuercher Capital Management was founded in
2002. HZCM offers Investment Supervisory Services to clients which are tailored to
their individual circumstances. The firm reviews client's assets (sometimes in
conjunction with other services offered by the firm) and makes recommendations
based upon client's individual needs and objectives. Clients are not required to
utilize other services of the firm.
HZCM is strictly a fee-only investment management firm. The firm does not sell
annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other
commissioned products. The firm is not affiliated with entities that sell financial
products or securities. No commissions in any form are accepted. No finder’s fees
are accepted.
HZCM may directly or indirectly compensate for client referrals. From time to time,
HZCM enters into written agreements with unrelated third parties ("promoters") to
use its best efforts on behalf of HZCM to solicit and refer as clients those individuals
or entities which it believes are suitable and appropriate for the advisory services
provided by HZCM. These agreements typically provide for a percentage of the
fees collected by HZCM to be paid to the promoters from those advisory clients
who became clients as a result of the promoter's efforts. Subject to existing federal
and state securities laws and regulations, promoters receive such fees on a fully
vested basis, so long as the client's advisory agreement remains in effect. Generally,
HZCM does not charge clients introduced by such promoters any higher fee or
additional amounts than what it would charge a new client that comes directly to
HZCM without the benefit of a promoter. Such agreements are usually for an
unspecified duration and are terminable upon notice.
Investment advice is an integral part of financial planning. Therefore, HZCM may
advise clients regarding cash flow, college planning, retirement planning, and
estate planning. Clients, in consultation with HZCM, choose the investment
strategy(ies) the firm is to employ. Most strategies primarily invest in mutual funds.
However, in some circumstances, HZCM employs strategies that invest primarily in
individual stocks, bonds, or Exchange Traded Fund (ETF) securities.
HZCM does not act as a qualified custodian of client assets. The client always
maintains asset control. HZCM places trades for clients under a limited power of
attorney.
Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged
directly by the client on an as-needed basis. Conflicts of interest will be disclosed to
the client in the unlikely event they should occur.
The initial meeting, which may be by telephone, is free of charge and is considered
an exploratory interview to determine the extent to which our services may be
beneficial to the client.
Principal Owners
Anthony J. Hixon and Joshua W. Robb are members of Hixon Zuercher, LLC dba
Hixon Zuercher Capital Management.
Types of Advisory Services
Hixon Zuercher, LLC dba Hixon Zuercher Capital Management provides investment
supervisory services, also known as asset management services; furnishes
investment advice through consultations; issues special reports about securities;
and issues, charts, graphs, formulas, or other devices which clients may use to
evaluate securities.
On an occasional basis, HZCM furnishes advice to clients on matters not involving
securities, such as financial planning matters.
As of 12/31/2022, HZCM manages approximately $281.87 Million in assets on a
discretionary basis and $13.83 Million on a non-discretionary basis.
Tailored Relationships
The goals and objectives for each client are documented in our client relationship
management system. In addition to an exploratory discussion of a client’s
investment goals and objectives a risk tolerance questionnaire is completed by the
client that helps us choose the investment strategy that best reflects the stated
goals and objectives. Clients may impose restrictions on investing in certain
securities or types of securities.
Types of Agreements
The following agreements define the typical client relationships.
Financial Planning Agreement
A financial plan is designed to help the client with all aspects of
financial planning
without ongoing investment management after the financial plan is completed.
The financial plan may include, but is not limited to: a net worth statement; a cash
flow statement; a review of investment accounts, including reviewing asset
allocation and providing repositioning recommendations; a review of retirement
accounts and plans including recommendations; a review of insurance policies and
recommendations for changes, if necessary; one or more retirement scenarios;
estate planning review and recommendations; and education planning with funding
recommendations.
Detailed investment advice and specific recommendations are provided as part of a
financial plan. Implementation of the recommendations is at the discretion of the
client.
The fee for a financial plan is hourly, and may be in addition to the Investment
Management Fee, unless otherwise agreed upon.
Investment Advisory Agreement
Most clients choose to have HZCM manage their assets in order to obtain ongoing
in-depth advice and life planning. Client’s financial affairs are reviewed, often
including those of their children. Realistic and measurable goals are set and
objectives to reach those goals are defined. As goals and objectives change over
time, suggestions are made and implemented on an ongoing basis.
The scope of work and fee for an Investment Advisory Agreement is provided to the
client in writing prior to the start of the relationship.
Although the Investment Advisory Agreement is an ongoing agreement, the length
of service to the client is at the client’s discretion. The client or the investment
manager may terminate an Agreement by written notice to the other party. At
termination, fees will be billed on a pro rata basis for the portion of the quarter
completed. The portfolio value at the completion of the prior full billing quarter is
used as the basis for the fee computation, adjusted for the number of days during
the billing quarter prior to termination.
Retainer Agreement
In some circumstances, a Retainer Agreement is executed in lieu of an Investment
Advisory Agreement when it is more appropriate to work on a fixed-fee basis. The
annual fee for a Retainer Agreement is determined by the amount of work involved
in the project.
Hourly Planning Engagements
HZCM provides hourly planning services for clients who need advice on a limited
scope of work. The hourly rate for limited scope engagements is $150.
Life Coaching Engagements
HZCM has engaged a Life Coach to host workshops and/or private coaching for
non-financial life decisions. Workshops are offered to individuals for $149 or $249
for couples. Private coaching sessions are offered for $150 per hour. Life Coaching
services are offered to the general public.
Asset Management
Assets are invested primarily in no-load mutual funds, stocks and exchange-traded
funds, usually through discount brokers or fund companies. Fund companies
charge each fund shareholder an investment management fee that is disclosed in
the fund prospectus. Discount brokerages may charge a transaction fee for the
purchase of some funds.
Stocks and bonds may be purchased or sold through a brokerage account when
appropriate. The brokerage firm charges a fee for stock and bond trades. HZCM
does not receive any compensation, in any form, from fund companies.
Investments may also include: equities (stocks), warrants, corporate debt securities,
commercial paper, certificates of deposit, municipal securities, investment
company securities (mutual funds shares), U. S. government securities, options
contracts, futures contracts, and interests in partnerships.
Initial public offerings (IPOs) are not available through HZCM.
Termination of Agreement
A Client may terminate any of the aforementioned agreements at any time by
notifying HZCM in writing and paying the rate for the time spent on the investment
advisory engagement prior to notification of termination. If the client made an
advance payment, HZCM will refund any unearned portion of the advance
payment.
HZCM may terminate any of the aforementioned agreements at any time by
notifying the client in writing. If the client made an advance payment, HZCM will
refund any unearned portion of the advance payment.