Description of Services and Fees
Andrew Hill Investment Advisors, Inc. is a registered investment adviser based in Naples, Florida. We
are organized as a corporation under the laws of the State of Florida. We have been providing
investment advisory services since 2009. Andrew Hill is our President and Co-Founder. Jennifer
Figurelli is our Managing Director, Chief Compliance Officer and Co-Founder. Andrew Hill and Jennifer
Figurelli are our firm's principal owner. Currently, we offer the following investment advisory services,
which are usually personalized to each individual client:
•Asset Management Services
•Financial Planning Services
•General Pension Consulting 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 Andrew Hill
Investment Advisors, Inc. and the words "you", "your" and "client" refer to you as either a client or
prospective client of our firm. Also, you will see the term Associated Person throughout this Brochure.
As used in this Brochure, our Associated Persons are our firm's officers, employees, and all individuals
providing investment advice on behalf of our firm.
Asset Management Services
We offer discretionary and non-discretionary asset management services. Our investment advice is
tailored to meet our clients' needs and investment objectives. If you retain our firm for asset
management services, we will meet with you to determine your investment objectives, risk tolerance,
and other relevant information (the "suitability information") at the beginning of our advisory
relationship. We will use the suitability 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 asset management services, we will customize an investment portfolio for you in
accordance with your risk tolerance and investing objectives. Once we construct an investment
portfolio for you, we will monitor your portfolio's performance on an ongoing basis, and will re-balance
the portfolio as required by changes in market conditions and in your financial circumstances. The
investment strategy will be summarized in an Investment Policy Statement (IPS) provided to each
client and reviewed and updated annually.
If you participate in our discretionary asset management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow our firm to
determine the specific securities, and the amount of securities, to be purchased or sold for your
account without your approval prior to each transaction. Discretionary authority is typically granted by
the investment advisory agreement you sign with our firm or trading authorization forms. You may limit
our discretionary authority (for example, limiting the types of securities that can be purchased for your
account) by providing our firm with your restrictions and guidelines in writing. 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. Should you wish to have a non-discretionary account, we may
charge additional fees and this may limit our ability to effectively trade your portfolio in a timely
manner.
We may leverage an Order Management System through Pontera to implement tax-efficient asset
location and opportunistic rebalancing strategies on behalf of the client in held away accounts. These
are primarily 401(k) accounts, HSA's, 403(b), 457 Plans, Profit Sharing Plans, and other assets we do
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not custody. We regularly review the available investment options in these accounts, monitor them,
rebalance and implement our strategies in the same way we do other accounts, though using different
tools as necessary.
Where we may leverage an Order Management System through Pontera, we shall have discretionary
authority over the assets in your account. Trade executions through this process may take up to 1 to 2
business days for settlement.
Financial Planning Services
We offer broad-based, modular, and consultative financial planning services. Financial planning will
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. 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 may deliver a
written plan to you, designed to help you achieve your stated financial goals and objectives.
Financial plans are based on your financial situation at the time we present the plan to you, and on the
financial information you provide to our firm. 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. Moreover, you may act
on our recommendations by placing securities transactions
with any brokerage firm.
General Pension Consulting Services
We offer pension consulting services to employee benefit plans and their fiduciaries based upon the
needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these
services will include an existing plan review and analysis, plan-level advice regarding fund selection
and investment options, education services to plan participants, investment performance monitoring,
and/or ongoing consulting. These pension consulting services will generally be non-discretionary and
advisory in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor
or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational
seminars to plan participants on such topics as:
•Diversification
•Asset allocation
•Risk tolerance
•Time horizon
Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of pension consulting services to plans on an individually
negotiated basis. All services, whether discussed above or customized for the plan based upon
requirements from the plan fiduciaries (which may include additional plan-level or participant-level
services) shall be detailed in a written agreement and be consistent with the parameters set forth in the
plan documents.
General - Advisory Services to Retirement Plans and Plan Participants
As disclosed above, we offer various levels of advisory and consulting services to employee benefit
plans ("Plan") and to the participants of such plans ("Participants"). The services are designed to assist
plan sponsors in meeting their management and fiduciary obligations to Participants under the
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Employee Retirement Income Securities Act ("ERISA"). Pursuant to adopted regulations of the U.S.
Department of Labor, we are required to provide the Plan's responsible plan fiduciary (the person
who has the authority to engage us as an investment adviser to the Plan) with a written statement of
the services we provide to the Plan, the compensation we receive for providing those services, and our
status (which is described below).
The services we provide to your Plan are described above, and in the service agreement that you have
previously signed. Our compensation for these services is described above, and also in the service
agreement. We do not reasonably expect to receive any other compensation, direct or indirect, for the
services we provide to the Plan or Participants, unless the plan sponsor directs us to deduct our fee
from the plan or directs the plan record-keeper to issue payment for our fee out of the plan. If we
receive any other compensation for such services, we will (i) offset the compensation against our
stated fees, and (ii) we will promptly disclose the amount of such compensation, the services rendered
for such compensation and the payer of such compensation to you.
In providing services to the Plan and Participants, our status is that of an investment adviser registered
with the State of Florida, and we are not subject to any disqualifications under Section 411 of
ERISA. In performing fiduciary services, we are acting either as a non-discretionary fiduciary of the
Plan as defined in Section 3(21) under ERISA, or as a discretionary fiduciary of the plan as defined in
Section 3(38) under ERISA.
Trustee Services
We may refer our clients to an independent third party trustee upon client request. The services
performed and fees charged by these third party trustees are separate and apart from the services
performed and fees charged by our firm. In our sole discretion, we may lower our advisory fees to
offset a portion, or all, of the fees charged by such third party trustee. Clients are under no obligation to
act on our recommendation and we do not receive any form of compensation for such referral.
If a client has named a Successor Trustee to serve in his/her estate plan, the fees for Andrew Hill
Investment Advisors, Inc. will remain in accordance with the Asset Management Fee Schedule in effect
at that time. Therefore, any fees incurred by the Successor Trustee will be in addition to the fees
charged by Andrew Hill Investment Advisors, Inc.
Types of Investments
We offer advice on equity securities, warrants, corporate debt securities, commercial paper, certificates
of deposit, municipal securities, investment company securities, US Government securities, and
options contracts on securities and commodities.
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.
You may request that we refrain from investing in particular securities or certain types of securities.
You must provide these restrictions to our firm in writing.
Assets Under Management
As of February 13, 2024, we provide continuous management services for $172,684,067 in client
assets on a discretionary basis. We currently do not have any assets under management on a non-
discretionary basis.
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