Heydorn Stone Capital Management LLC

Heydorn|Stone Capital Management is an independent registered investment adviser that provides discretionary portfolio management and financial planning and consulting services to individuals (including high-net-worth clients), trustees, retirement plans, and charitable and corporate organizations. The firm requires a minimum advisory relationship of $500,000 and offers a complimentary financial plan to clients who meet that threshold.

HSCM uses a client-centered process focused on asset-allocation diversification and employs both strategic and tactical adjustments across six model portfolios ranging from all equity to capital preservation. Portfolios typically rely on non-transaction-fee mutual funds, ETFs and laddered individual bonds, and the firm generally avoids recommending individual stocks except when engaging independent separate-account managers through Schwab’s Separate Account Manager Program.

Noteworthy operational features include the firm’s explicit policy not to vote client proxies (clients receive and vote proxy materials directly) and its practice of evaluating conversion of larger accounts (generally over $1 million) to transaction-fee shares to lower fund expenses. HSCM is a small advisory team that relies on Schwab institutional custody and research access while maintaining discretionary trading authority for client accounts.