Hughes Financial Services, LLC

Hughes Financial Services, LLC is a registered investment adviser based in Herndon, Virginia, established in 2014. The firm offers portfolio management services through a wrap-fee program, HFS Institutional Management, providing asset management and brokerage services for a single all-inclusive fee. Clients pay an annual asset-based fee ranging from 0.50% to 1.15%, depending on the assets under management. The firm may recommend utilizing unaffiliated investment managers based on client needs. Hughes Financial Services acts as a fiduciary, obligated to act in clients' best interests, especially in IRA rollover recommendations. The firm offers discretionary and non-discretionary portfolio management services, with discretionary authority allowing them to manage client accounts without prior approval for each transaction. Clients are required to have a minimum of $500,000 to open an advisory account, which may be waived at the firm's discretion. The firm does not accept performance-based fees or engage in side-by-side management. Investment strategies include fundamental analysis, cyclical analysis, Modern Portfolio Theory, and long-term and short-term purchases. Clients' private information is shared only as necessary to service their accounts, and the firm maintains strict privacy policies. Hughes Financial Services does not receive compensation for client referrals and does not aggregate trades. The firm's investment committee monitors accounts and performs regular reviews. The firm does not require prepayment of fees exceeding $1,200, does not take custody of client funds, and has no financial condition impairing its commitments. In case of trade errors, corrective actions are taken to restore accounts. The firm does not determine class action lawsuits eligibility for clients.