Heydorn|Stone Capital Management LLC is an independent Registered Investment
Adviser (RIA) established in June 2001. The owner is Alana M. Stone.
Heydorn|Stone Capital Management LLC (“Heydorn|Stone Capital Management”,
“HSCM”, “we”, “us” or ‘our”) primarily offers discretionary investment management
services to individuals for their individual investment portfolios, for trust accounts on
which they are a named trustee, their various retirement plans such as IRAs, Roth IRAs,
SEP IRAs or their pension or profit sharing plans, as well as for endowments, foundations
and corporations.
In addition, HSCM may provide financial planning and consulting services to its clients.
Depending on a client’s needs these services could include comprehensive financial
planning, retirement planning, planning for college funding, and client 401(k) plan option
selection.
Investment Management Services
HSCM takes a client-centered approach to developing an investment strategy for each
individual client with a focus on determining an appropriate asset allocation to help
achieve the client’s financial goals. Individually tailored portfolios are structured based
on the investment objectives, time horizon, cash flow needs, restrictions, and risk profile
of the client as well as the value of assets under management.
Based on the financial information provided by the client, HSCM assists the client in
defining their investment goals. Upon review of this information, HSCM may
recommend investment strategies and investment vehicles for the client. HSCM receives
investment discretion to implement transactions in the client’s account in line with the
objectives and strategy agreed upon. It is understood that HSCM provides investment
advice to clients with varying objectives and that advice may vary in the timing or nature
between clients.
Investments in individual portfolios may include any combination of the following
vehicles as appropriate for the client:
• Transaction fee or non-transaction fee mutual funds. Most HSCM clients hold
non-transaction fee funds. Although, HSCM does buy transaction fee funds
when beneficial to the client. These include:
a. stock funds comprised of small, medium and large sized companies, both
domestic and international, including developed and emerging
economies, with varying investment strategies.
b. bond funds comprised of US corporate, government, or municipal bonds
of varying durations as well as international bond funds of both
developed and emerging markets.
c. specialty mutual funds which focus on a particular area or sector of the
market such as natural resources, commodities, etc.
• Individual US corporate, governments, municipal bonds, and traded bank
certificates of deposits (CDs).
• Exchange Traded Funds (ETF) covering all of the above categories. ETFs are
market traded baskets of stocks or bonds focusing on a specific index or sector
of the market. These instruments are used to further diversify holdings in a
portfolio.
HSCM generally does not recommend individual stocks. However, if a client wishes to
have a portfolio of individual stocks, HSCM is able to recommend an independent
separate account manager from a broad array of styles and firms participating in Charles
Schwab & Co., Inc. (Schwab) Separate Account Manager Program. A comprehensive
review is performed of investment managers selected for this program. These firms are
not affiliated with HSCM and are selected by HSCM based on their suitability in client
accounts. Client accounts are managed by HSCM and manager changes are
recommended by HSCM as appropriate.
Individual stocks may also be transferred into a client's account at HSCM. It is the policy
of HSCM to liquidate them as soon as practical to transition the account in accordance
with the client’s strategy. If there are particular stocks that a client wishes to retain, we
may accommodate them in an unmanaged account.
Clients may impose reasonable restrictions on HSCM’s services which may include
restrictions on investing in certain securities or types of securities.
Discretionary assets under management as of December 31, 2023, were approximately
$107,065,000 and non-discretionary assets under management were approximately
$4,381,000.
Financial Planning Services:
Clients with at least $500,000 of assets under management may request a
complimentary financial plan. The client provides HSCM with information regarding
their current position in terms of investments, insurance, tax, retirement and estate
planning.
Upon completion of an analysis of the information provided, HSCM may recommend
suitable financial planning and investment strategies. These recommendations may
focus on one or more of the following areas:
• Comprehensive Financial Planning
• Investment Planning
• Retirement Planning
• College Planning
HSCM provides the client with a written report of all the analysis and recommendations
based on the extent of the plan required. Implementation of the recommendations is at
the discretion of the client.