THCM offers investment management services on a discretionary basis. In very limited circumstances,
THCM also offers clients limited financial planning services.
THCM filed for registration as an investment adviser in May 2020 and is owned by Taylor Hoffman, Inc.
As of December 31, 2023, THCM had $18,763,925 in regulatory assets under management, all of which
was managed on a discretionary basis.
While this brochure generally describes the business of THCM, certain sections also discuss the activities
of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons occupying
a similar status or performing similar functions), employees, or any other persons who provide investment
advice on THCM’s behalf and are subject to the Firm’s supervision or control.
Prior to THCM rendering any investment management services, clients are required to enter into one or
more written agreements with THCM setting forth the relevant terms and conditions of the advisory
relationship.
Investment Management Services
THCM provides clients with discretionary investment management services.
THCM primarily invests client assets among various individual equity and debt securities and options based
on the Firm’s investment strategies, as described in more detail in Item 8. THCM does not tailor its
investment strategies to the needs of individual clients, although clients may implement certain restrictions
on the management of their assets. Therefore, it is each client’s responsibility to ensure that THCM’s
investment strategy is suitable for them given their individual financial circumstances, objectives, and
needs.
Management of Collective Investment Vehicle
THCM also serves as the general partner to an affiliated private investment fund, Hadleigh Fund LP (the
“Fund”). THCM will receive either a performance allocation based on the performance of the Fund or an
asset-based management fee from investors (as described in more detail in Item 5).
Securities in the Fund are privately offered pursuant to Regulation D under the Securities Act of 1933, as
amended (“Securities Act”). The Fund currently relies on an exemption from registration as an investment
company pursuant to the Investment Company Act of 1940, as amended (“Company Act”).
To invest in the
Fund, an investor must qualify as both a “qualified client,” as defined in Rule 205-3(d) under the Investment
Advisers Act of 1940, as amended (“Advisers Act”), and an “accredited investor,” as defined in Rule 501(a)
under the Securities Act. Investors must make their own independent decision as to whether to invest in the
Fund. An investment in the Fund involves a significant degree of risk. Information relating to the Fund,
including information relating to investment objectives and strategies, investment terms, risk factors, and
potential conflicts of interest, are set forth in the Private Placement Memorandum (“PPM”), Second
Amended and Restated Limited Partnership Agreement (“LPA”), and/or Subscription Agreement (together
with the PPM and LPA, the “Offering Documents”), which each investor is required to receive and execute
prior to being accepted as an investor in the Fund.
THCM may recommend that certain of its clients invest a portion of their assets in the Fund. While THCM
waives any investment management fees with respect to any client assets invested in the Fund, THCM
nonetheless has an incentive to recommend an investment in the Fund because THCM could potentially
earn more in compensation as a result of managing the client’s assets through the Fund than it could by
investing the client’s assets in other investments. Nonetheless, THCM has an obligation to ensure that any
recommendation of an investment, including an investment in the Fund, is suitable for the client.
THCM will provide investment management services to the Fund. THCM may give advice or take action
with respect to the Fund that differs from that for individual client accounts. To the extent that a particular
investment is suitable for both the Fund and certain individual client accounts, such investments will be
allocated between the Fund and the individual client accounts in a manner which THCM determines is fair
and equitable under the circumstances to all of its clients.
Financial Planning Services
In very limited circumstances, at its discretion, THCM provides limited financial planning services to its
clients that cover topics such as cash flow forecasting, savings strategies, tax planning, and retirement
planning. THCM does not charge any compensation for such services.