HFR Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$509,653,441
Clients
361
Advisors
4
across 2 offices
About
HFR Wealth Management provides continuous discretionary investment management to individuals, high‑net‑worth clients, trusts, corporations, pension and profit‑sharing plans, and charitable organizations. The fee‑only firm reports $588,662,553 in discretionary assets under management as of 12/31/2025.
The firm follows a fiduciary Prudent Investor approach with a long‑term, value‑oriented philosophy inspired by Ben Graham, typically constructing equity portfolios of 35–40 liquid, well‑established companies diversified across sectors and supplementing equity allocations with investment‑grade bonds or money‑market instruments for clients seeking lower risk. Investment Policy Statements are used to set maximum stock exposures, annual turnover is generally under 25%, and the firm avoids derivatives and high‑beta concentration strategies.
Distinctively, HFR provides formal performance analysis and reporting to clients — including portfolio‑ and asset‑class level comparisons to major market indices and quarterly PortfolioAnalysis reports for accounts over $100,000 — and makes its account performance information and Form ADV readily available to prospective clients, a disclosure practice that is uncommon among peer team firms. The firm also discloses custodial arrangements and proxy‑voting procedures and addresses related conflicts of interest, including benefits received from its custodian.
Client services
Expertise
Fee options
$0 - $500,000: 1.0% $500,001 - $1,000,000: 0.8% $1,000,001 - $2,000,000: 0.6% $2,000,001+: 0.5%
Account minimum: $500,000 Minimum fee: Quarterly Fee: $625 Fee-only: Investment advisory fees based on percentage of assets under management; no commissions or other compensation received.
Main office
See officeNiskayuna NY
Advisors at this office
3
Most active in
Arizona · California · Colorado · Connecticut · Florida · Georgia · Illinois · Maryland · Massachusetts · New Hampshire · New York · North Carolina · Oregon · Pennsylvania · South Carolina · Tennessee · Texas · Vermont · Virginia · Washington
Also doing business as
Hfr Investment Advisory Services · Hfr Wealth Management, LLC · Reilly Herbert Faulkner Iii
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.
Advisors at this firm
Christopher H
Series 63, Series 65
Central Square, NY
HFR Wealth Management, LLC
Christopher Hurley is a financial advisor at HFR Wealth Management, LLC with 23 years at the firm and four years of industry experience. He holds Series 63 and Series 65 designations. HFR Wealth Management provides discretionary investment management for individuals, high-net-worth clients, trusts, corporations, retirement plans, and charitable organizations. The firm follows a Prudent Investor framework with customized Investment Policy Statements and offers regular portfolio-level performance reporting alongside quarterly reviews.
Michael R
Niskayuna, NY
HFR Wealth Management, LLC
Michael Reilly is a financial advisor at HFR Wealth Management, LLC with four years of industry experience. He previously worked at HFR Investment Advisory Services and spent ten years at Apple Inc. prior to his advisory career. HFR Wealth Management provides discretionary investment management for individuals, high-net-worth clients, trusts, corporations, retirement plans, and charitable organizations. The firm follows a Prudent Investor framework with customized Investment Policy Statements and emphasizes regular portfolio-level performance reporting alongside quarterly reviews.
Herbert R
Niskayuna, NY
HFR Wealth Management, LLC
Herbert Reilly IV is a financial advisor at HFR Wealth Management, LLC with 14 years of experience. He has been with the firm since 2012. HFR Wealth Management provides discretionary investment management for individuals, high-net-worth clients, trusts, corporations, retirement plans, and charitable organizations. The firm follows a Prudent Investor framework with customized Investment Policy Statements and emphasizes regular, detailed performance reporting alongside quarterly reviews.
Herbert R
Series 63, Series 65
Niskayuna, NY
HFR Wealth Management, LLC
Herbert Reilly III is a financial advisor at HFR Wealth Management, LLC, holding Series 63 and Series 65 licenses with four years of industry experience. He has been with HFR Wealth Management since 1995. HFR Wealth Management provides discretionary investment management services to individuals, high-net-worth clients, trusts, corporations, retirement plans, and charitable organizations. The firm follows a Prudent Investor framework with customized Investment Policy Statements and emphasizes regular, detailed portfolio performance reporting alongside quarterly reviews.
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