Hillcrest Wealth Advisors - Ny, LLC

Hillcrest Wealth Advisors - NY, LLC (HCWA) is a registered investment adviser founded by Mr. Dan Yu, offering investment advisory services tailored to clients' financial needs. The firm specializes in discretionary investment management, determining investment allocations based on individual client objectives, risk tolerance, and other suitability factors. Clients grant HCWA discretionary authority to manage their accounts, allowing for the purchase or sale of securities without prior approval. HCWA utilizes Charles Schwab Institutional for wealth management platforms and custodian services, recommending investment options based on client suitability factors. HCWA acts as a fiduciary, obligated to act in clients' best interests when providing investment advice, including IRA rollover recommendations. The firm charges fees based on assets under management, with annual rates ranging from 0.20% to 1.00%, depending on the asset value. Additionally, HCWA offers financial planning services on a fixed or hourly fee basis, covering various financial planning aspects. The firm does not charge performance-based fees, serves individuals, high-net-worth individuals, endowments, and trusts, and employs a diversified investment approach using ETFs, mutual funds, and separate managed accounts. HCWA does not have a disciplinary history and does not receive soft dollar benefits or compensation for client referrals. Clients maintain custody of their funds and securities, with HCWA providing ongoing account monitoring and periodic reviews. The firm does not vote proxies on behalf of clients and has a sound financial condition without any impairments.