A. Description of the Advisory Firm
The Hackett Group LLC, d/b/a Hackett Robertson Tobe Group (hereinafter “HRT”) is a
Limited Liability Company organized in the State of Louisiana. The firm was formed in
2019, and the principal owners are Toni Hackett Antrum and Bernard Hawkins
Robertson. The firm is the successor organization to The Hackett Group, a boutique
pension and investment consulting practice based in New Orleans, founded by Toni
Hackett Antrum in 2011.
B. Types of Advisory Services
Pension Consulting Services
HRT offers consulting services to pension or other employee benefit plans (including but
not limited to 401(k) plans). Pension consulting may include, but is not limited to:
• identifying investment objectives and restrictions
• providing guidance on various assets classes and investment options
• recommending money managers to manage plan assets in ways designed to
achieve objectives
• monitoring performance of money managers and investment options and
making recommendations for changes
• recommending other service providers, such as custodians, administrators and
broker-dealers
• creating a written pension consulting plan
These services are based on the goals, objectives, demographics, time horizon, and/or
risk tolerance of the plan and its participants.
Philosophy
As a consultant, we provide independent and customized investment counsel and
consulting services to defined contribution retirement plan sponsors. At HRT we
translate and integrate the activities of the investment advisors and money managers,
the custodial bank, the transition managers and the actuary into an accessible format so
that the trustee or fiduciary can make the proper decisions regarding the fund – and
make these decisions with confidence. The hallmark of this approach is training and
education so that a fiduciary will make the best decisions possible on behalf of the plan
participants.
Defined Benefit Plan Services
HRT provides the following services:
• Evaluation of the client’s current investment policy guidelines to determine if
they are realistic;
• Preparation of a “Statement of Investment Policy and Objectives” that integrates
the client’s attitudes, objectives and requirements expressed in terms of return
expectations and risk tolerance;
• Complete Asset Allocation and Liability Studies when requested to determine
the proper mix of assets for the client.
• Search and presentation of the top investment advisors, money managers, and
custodian banks whose philosophy and performance results meet the criteria set
forth in the policy guidelines;
• Annual review of the “Statement of Investment Policy and Objectives” and asset
allocation;
• Monitor the investment performance on a quarterly basis and providing a
performance analysis report that examines the investment results versus the
client’s objectives, the market averages, and other investment advisor
performance;
• Review monthly statements from the custodians of all funds in order to perform
an analysis of portfolio attributes, comparative characteristics and style; and peer
group/universal analysis and performance comparisons;
• Trustee education seminars; and
• Attendance at client offices and board meetings.
As a consultant, we do not provide any investment management services, nor exercise
any investment discretion. We present all investment recommendations to the clients’
board, trustees or directors. Implementation of any and all of our recommendations is at
the sole discretion of the clients’ board, trustees or directors.
Defined Contribution Services
Also, HRT provides a suite of services to Defined Contribution Pension Plan Sponsor,
including ;
●Assistance with plan design,
●Plan expense/cost analysis,
●Provider search assistance including
●RFP construction, vendor screening and selection,
●Participant communication,
Municipal Advisory Services
In addition, HRT provides advice to municipal entities regarding the issuance of
municipal securities and also advise on the investment of public monies, including
proceeds of municipal securities.
Portfolio Management Services
HRT offers ongoing portfolio management services based on the individual goals,
objectives, time horizon, and risk tolerance of each client. HRT creates an Investment
Policy Statement for each client, which
outlines the client’s current situation (income, tax
levels, and risk tolerance levels). Portfolio management services include, but are not
limited to, the following:
•Investment strategy •Personal investment policy
•Asset allocation•Asset selection
•Risk tolerance•Regular portfolio monitoring
HRT evaluates the current investments of each client with respect to their risk tolerance
levels and time horizon. HRT will request discretionary authority from clients in order to
select securities and execute transactions without permission from the client prior to
each transaction. Risk tolerance levels are documented in the Investment Policy
Statement, which is given to each client.
HRT seeks to provide that investment decisions are made in accordance with the
fiduciary duties owed to its accounts and without consideration of HRT’s economic,
investment or other financial interests. To meet its fiduciary obligations, HRT attempts to
avoid, among other things, investment or trading practices that systematically
advantage or disadvantage certain client portfolios, and accordingly, HRT’s policy is to
seek fair and equitable allocation of investment opportunities/transactions among its
clients to avoid favoring one client over another over time. It is HRT’s policy to allocate
investment opportunities and transactions it identifies as being appropriate and
prudent, including initial public offerings ("IPOs") and other investment opportunities
that might have a limited supply, among its clients on a fair and equitable basis over
time.
HRT may direct clients to third-party investment advisers to manage all or a portion of
the client's assets. Before selecting other advisers for clients, HRT will always ensure
those other advisers are properly licensed or registered as an investment adviser. HRT
conducts due diligence on any third-party investment adviser, which may involve one or
more of the following: phone calls, meetings and review of the third-party adviser's
performance and investment strategy. HRT then makes investments with a third-party
investment adviser by referring the client to the third-party adviser. These investments
may be allocated either through the third-party adviser's fund or through a separately
managed account managed by such third party adviser on behalf of HRT's client. HRT
may also allocate among one or more private equity funds or private equity fund
advisers. HRT will review the ongoing performance of the third-party adviser as a
portion of the client's portfolio.
Financial Planning
Financial plans and financial planning may include, but are not limited to: investment
planning; life insurance; tax concerns; retirement planning; college planning; and
debt/credit planning.
Services Limited to Specific Types of Investments
HRT generally limits its investment advice to mutual funds, fixed income securities,
equities, hedge funds, private equity funds, ETFs (including ETFs in the gold and
precious metal sectors), treasury inflation protected/inflation linked bonds, non-U.S.
securities, venture capital funds and private placements. HRT may use other securities
as well to help diversify a portfolio when applicable.
C. Client Tailored Services and Client Imposed Restrictions
HRT offers the same suite of services to all of its clients. However, specific client
investment strategies and their implementation are dependent upon the client
Investment Policy Statement which outlines each client’s current situation (income, tax
levels, and risk tolerance levels). Clients may impose restrictions in investing in certain
securities or types of securities in accordance with their values or beliefs. However, if the
restrictions prevent HRT from properly servicing the client account, or if the restrictions
would require HRT to deviate from its standard suite of services, HRT reserves the right
to end the relationship.
D. Wrap Fee Programs
HRT does not act as portfolio manager for and sponsor of a wrap fee program, which is
an investment program where the client pays one stated fee that includes management
fees, transaction costs, and certain other administrative fees.
E. Assets Under Management
HRT has the following assets under management:
Discretionary Amounts:Non-discretionary Amounts:Date Calculated:
$0.0025,000,000.00 (Private)
December 2023
0.001$350,000,000. (Consulting)December 2023