Description of Services and Fees
Hendershott Wealth Management, LLC is an investment adviser registered with the U.S. Securities and
Exchange Commission. We are organized as a limited liability company under the laws of the State of
Delaware. We have been providing investment advisory services since 2014. Hilary M. Hendershott is
our principal owner, and she has 17 years of experience in the financial services industry. Currently,
we offer the following investment advisory services, which are personalized to each individual client:
• Portfolio Management Services
• Selection of Other Advisers
• Financial Planning Services
The following paragraphs describe our services and fees. Please refer to the description of each
investment advisory service listed below for information on how we tailor our advisory services to your
individual needs. As used in this brochure, the words "we", "our" and "us" refer to Hendershott Wealth
Management, LLC and the words "you", "your" and "client" refer to you as either a client or prospective
client of our firm. The use of these terms is not intended to imply that there is more than one
individual associated with this firm.
Portfolio Management Services and Ignite Investing®
We offer non-discretionary portfolio management services. Our investment advice is tailored to meet
our clients' needs and investment objectives. If you retain our firm for portfolio management services,
we will meet with you to determine your investment objectives, risk tolerance, and other relevant
information at the beginning of our advisory relationship. We will use the information we gather to
develop a strategy that enables our firm to give you continuous and focused investment advice and/or
to make investments on your behalf. As part of our portfolio management services, we may customize
an investment portfolio for you according to your risk tolerance and investing objectives. We may also
invest your assets according to one or more model portfolios developed by our firm. Once we construct
an investment portfolio for you, or select a model portfolio, we will monitor your portfolio's performance
on an ongoing basis, and will rebalance the portfolio as required by changes in market conditions and in
your financial circumstances. If you enter into non-discretionary arrangements with our firm, we
must obtain your approval prior to executing any transactions on behalf of your account.
Our Ignite Investing® service offers a way for clients with as little as $100,000 to invest with us. This
service is only available to select clients who meet specific criteria and for whom our Ignite portfolio is
best suited.
Selection of Other Advisers
As part of our portfolio management services, we may recommend that you use the services of a third-
party asset management providers (TPAMPs) to manage all, or a portion of, your investment portfolio.
After gathering information about your financial situation and objectives, we may recommend that you
engage a specific TPAMP or investment program. Factors that we take into consideration
when
making our recommendation(s) include, but are not limited to, the following: the TPAMP's performance,
methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment
objectives. We will periodically monitor the TPAMP(s)' performance to ensure its management and
investment style remains aligned with your investment goals and objectives.
All TPAMPs to whom we might refer you to must be either a state licensed investment adviser or a
registered investment adviser with the Securities and Exchange Commission.
Financial Planning Services
We offer financial planning services which typically involve providing a variety of advisory services to clients
regarding the management of their financial resources based upon an analysis of their individual needs.
These services can range from broad, comprehensive, financial planning to consultative or single subject
planning. If you retain our firm for financial planning services, we will meet with you to gather information
about your financial circumstances and objectives. Once we review and analyze the information you provide
to our firm we will move forward with providing the services for which you engaged our firm, which may
include the delivery of a written plan designed to help you achieve your stated financial goals and objectives.
Financial plans and other related services are based on the financial information you provide to us. You must
promptly notify our firm if your financial situation, goals, objectives, or needs change. You are under no
obligation to act on our financial planning recommendations. Should you choose to act on any of our
recommendations, you are not obligated to implement the financial plan through any of our other investment
advisory services. Moreover, you may act on our recommendations by placing securities transactions with
any brokerage firm.
Financial Coaching Services
We offer a program designed to educate individuals on best practices for accumulating and growing their
personal wealth. The Program consists of group coaching events, calls or one on one meetings with a HWM
team member to review Client bank accounts, analyze Client spending and saving patterns, and create a
personalized positive cash flow, debt-killing, wealth building plan.
Types of Investments
We primarily offer advice on mutual funds and exchange traded funds (ETFs). Additionally, we may advise
you on any type of investment that we deem appropriate based on your stated goals and objectives. We
may also provide advice on any type of investment held in your portfolio at the inception of our advisory
relationship.
In our sole discretion, we may accept written instructions from you requesting that we refrain from investing
in particular securities or certain types of securities. You must provide these restrictions to our firm in writing,
and we must approve and accept such instructions.
Assets Under Management
As of December 31st, 2023, we provide continuous management services for $169,265,555 in client
assets on a non-discretionary basis.