HCM Wealth
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$833,903,588
Clients
269
Advisors
4
of 7 employees
About
HCM Wealth is an independent, SEC-registered investment adviser that provides integrated investment management and financial planning to individuals, families, trusts, retirement plans and charitable organizations. The firm typically works with financially conservative, high-net-worth clients (it generally expects a $1,000,000 relationship minimum) and, less commonly for its peer group, also manages assets for state and municipal government clients.
The firm’s investment process emphasizes capital preservation and a value-oriented approach implemented through concentrated equity portfolios (typically 20–30 individual positions), laddered investment-grade fixed income and cash reserves, with asset allocation documented in a client-specific Investment Policy Guideline. HCM Wealth also uses sub-advisory relationships (including an option to enroll accounts with Dimensional Fund Advisors) and may allocate portions of client assets to unaffiliated independent managers while retaining supervisory oversight.
Notable features relative to similar team firms include managing roughly $942 million with a four-advisor team, resulting in a concentrated client roster and a proprietary, company-specific research process that supports long-term, low-turnover portfolios. The firm’s brochure also discloses recent material changes — including a change in trade name and updates to sub-advisory disclosures and principals — a type of disclosure event that is uncommon among comparable firms.
Client services
Expertise
Occupation focus
Fee options
Flat fees for financial planning generally range from $3,000 to $5,000.
$0 - $1,000,000: 1.0% per annum $1,000,000 - $3,000,000: 0.75% per annum $3,000,000 - $5,000,000: 0.5% per annum $5,000,000+: 0.40% per annum
Hourly fee is $350 for financial planning or special projects.
Account minimum: $1,000,000 Minimum fee: Minimum annual fee of $10,000 for accounts below $1,000,000, prorated and payable quarterly, may be waived at firm's discretion Fee-only: Yes, fees are paid based on assets under management; no commissions or sales charges received.
Main office
1101 Fifth Avenue, Suite 160
San Rafael CA 94901
Advisors at this office
4
Most active in
California · Nevada · Oregon · Texas · Washington
Also doing business as
Hcm Wealth · Hutchinson Capital Management · Hutchinson Capital Management LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Steven W
CFA®, Series 66
San Rafael, CA
HCM Wealth
Steven Wilkes is a CFA® charterholder and holds a Series 66 license with 21 years of industry experience. He has worked with Hutchinson Capital Management for 23 years before joining HCM Wealth, a four-advisor team based in San Rafael, CA. HCM Wealth is an independent, SEC-registered investment adviser serving individuals, families, trusts, retirement plans, and charitable organizations, with a focus on financially conservative, high-net-worth clients. The firm employs a value-oriented investment approach emphasizing capital preservation through concentrated equity portfolios, laddered fixed income, and client-specific investment guidelines.
Jake P
Series 63, Series 65
San Rafael, CA
HCM Wealth
Jake Popoff is a financial advisor with HCM Wealth in San Rafael, CA, holding Series 63 and Series 65 licenses and five years of industry experience. His prior roles include positions at Hutchinson Capital Management, Sanford C. Bernstein & Co., NYLIFE Securities LLC, New York Life Insurance Company, and AFLAC Supplemental Insurance. HCM Wealth is an independent, SEC-registered investment adviser serving individuals, families, trusts, retirement plans, and charitable organizations, primarily focusing on financially conservative, high-net-worth clients. The firm employs a value-oriented investment approach emphasizing capital preservation through concentrated equity portfolios, laddered fixed income, and sub-advisory relationships.
Gage H
CFA®, Series 66
San Rafael, CA
HCM Wealth
Gage Houser is a CFA® charterholder with 17 years of industry experience. He is currently with HCM Wealth, where he has worked since 2026, following an 18-year tenure at Hutchinson Capital Management and one year at Credit Suisse Securities (USA) LLC. HCM Wealth is an independent, SEC-registered investment adviser serving high-net-worth individuals, families, trusts, retirement plans, charitable organizations, and occasionally state and municipal government clients. The firm emphasizes a capital preservation and value-oriented investment approach through concentrated equity portfolios, laddered investment-grade fixed income, and client-specific Investment Policy Guidelines.
Stuart C
CFP®, Series 66
San Rafael, CA
HCM Wealth
Stuart Crandall is a CFP® and Series 66 licensed advisor with 21 years of industry experience. He is currently with HCM Wealth, where he has worked since 2026. His prior experience includes roles at Hutchinson Capital Management, Threadline Wealth, and Merrill. HCM Wealth is an independent investment adviser serving high-net-worth individuals, families, trusts, retirement plans, and charitable organizations. The firm emphasizes capital preservation and a value-oriented investment approach using concentrated equity portfolios, laddered fixed income, and client-specific investment policies.
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