Hall Capital Management Company, Inc. (“Hall Capital or the Firm”), a Massachusetts
corporation, founded in 1997. Robert F. Hall is the Principal Owner, Chairman and Chief
Compliance Officer of Hall Capital.
Investment Management Services
Hall Capital provides discretionary and non-discretionary investment management services, as
agreed upon between Hall Capital and its clients, including the following advisory services:
• Buys, sells, converts, exchanges, trades in and deals with any security,
through registered broker-dealers, for the account of its investment
advisory clients, at such prices and in such manner as Hall Capital deems
advisable.
• Instructs the advisory client’s custodian to deliver securities sold,
exchanged or otherwise disposed of from the account of the investment
advisory client against payment and to pay cash for securities delivered
to the custodian or trustee upon acquisition for such account.
Hall Capital has clients with investment goals that are often unique to them. At the outset of
the client relationship, Hall Capital discusses the client’s particular objectives as well as
determines the client’s tolerance for risk and time horizon. This dialogue results in an approach
that Hall Capital believes effectively accomplishes those objectives and is suitable given the
client’s individual profile. Asset allocation ranges are established during this discussion, as well
as any restrictions a client may wish to impose on certain securities or types of securities.
Financial Planning Services
Hall Capital offers financial planning services, which may include a review of all aspects of a
client’s current financial situation, including the following components: cash management, risk
management, insurance, education funding, goal setting, retirement planning, estate planning,
charitable giving, tax planning, and capital needs planning. Clients understand that when Hall
Capital is engaged to address only certain components, the client’s overall financial and
investment issues may not be taken into consideration.
Hall Capital meets with the client to review risk tolerance, financial goals and objectives, and
time horizons. Additional meetings may include a review of additional financial information;
sources of income, assets owned, existing insurance, liabilities, wills, trusts, business
agreements, tax returns, investments, and personal and family obligations.
The financial plan may include both long and short-term considerations, depending upon the
individual scenario. Upon completion, a plan is presented to the client. At this meeting, the
client is provided with recommendations that are deemed to be compatible with the client’s
stated goals and objectives. An implementation schedule is reviewed with the client to
determine which steps will be pursued, and with whom the steps may be accomplished. The
client is under no obligation to utilize additional services of Hall Capital and its representatives
and is under no obligation to implement the advice or plan. Clients may choose all or certain
components of advice and recommendations and can implement the recommendations
through the service providers of their choice.
Tax Preparation Services
In certain circumstances, Hall Capital will prepare individual and corporate tax returns on behalf
of clients. In addition, Hall Capital may provide clients with consulting services on tax-related
matters.
Consulting Services to Retirement Plan Sponsors
Hall Capital provides investment advisory services to plan sponsors of certain qualified
retirement plans which meet the Internal Revenue Code requirements and the Employee
Retirement Security Act of 1974 (ERISA), such as profit-sharing plans, 401(k) plans, 403(b) plans,
and 457 plans. The Firm provides recommendations as to the appropriate, limited array of
investment options to be chosen from the mutual funds available through the plan’s third-party
administrator investment platform. At the client’s request, Hall Capital also provides
informational and educational services to plan participants through seminars, employee
meetings, and other manners of communication to assist the participants in learning how to
properly utilize the plan and the investment options therein. Hall Capital does not have
custody, control, discretionary authority, responsibility for execution and does not take
responsibility for valuation, recordkeeping, or proxy voting.
Tailored Relationships
Hall Capital tailors’ investment advisory services to the individual needs of the client. Hall
Capital clients are allowed to impose restrictions on the investments in their account. All
limitations and restrictions placed on accounts must be presented to Hall Capital in writing.
Clients will retain individual ownership of all securities.
Fiduciary Statement
We are fiduciaries under the Investment Advisers Act of 1940 and when we provide investment
advice to you regarding your retirement plan account or individual retirement account, we are
also fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act,
(“ERISA”) and/or the Internal Revenue Code, (“IRC”), as applicable, which are laws governing
retirement accounts.
We have to act in your best interest and not put our interest ahead of yours. At the same time,
the way we make money creates some conflicts with your interests. We must take into
consideration each client’s objectives and act in the best interests of the client. We are
prohibited from engaging in any activity that is in conflict with the interests of the client. We
have the following responsibilities when working with a client:
• To render impartial advice;
• To make appropriate recommendations based on the client’s needs, financial
circumstances, and investment objectives;
• To exercise a high degree of care and diligence to ensure that information is presented
in an accurate manner and not in a way to mislead;
• To have a reasonable basis, information, and understanding of the facts in order to
provide appropriate recommendations and representations;
• Disclose any material conflict of interest in writing; and
• Treat clients fairly and equitably.
Regulations prohibit us from:
• Employing any device, scheme, or artifice to defraud a client;
• Making any untrue statement of a material fact to a client or omitting to state a material
fact when communicating with a client;
• Engaging in any act, practice, or course of business which operates or would operate as
fraud or deceit upon a client; or
• Engaging in any manipulative act or practice with a client.
We will act with competence, dignity, integrity, and in an ethical manner, when working with
clients. We will use reasonable care and exercise independent professional judgement when
conducting investment analysis, making investment recommendations, trading, promoting our
services, and engaging in other professional activities.
Wrap Fee Programs
Hall Capital does not participate as a portfolio manager or sponsor of a Wrap Fee Program.
Client Assets
As of December 31, 2023, Hall Capital managed $342,685,575 in assets under management; We
manage $340,920,661 on a discretionary basis and $1,764,914 on a non-discretionary basis.