Hammond Investment Management, LLC offers investment advice to municipalities and individuals. For municipalities, investments are managed based on state regulations and cash flow needs. For individuals, investment services are tailored to their risk tolerance, time horizon, and cash flow needs. Hammond Investment Management emphasizes long-term investing, minimizing portfolio turnover and expenses.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.25% |
| $100K - $250K | 1.10% |
| $250K - $500K | 1.00% |
| $500K - $1.0M | 0.85% |
| $1.0M - $5.0M | 0.75% |
| $5M+ | 0.50% |
Fees are negotiable based on size and complexity of the portfolio. There are separate fee schedules for equity/balanced accounts and fixed income only accounts. The fixed income only rates are: - **Up to $100,000** — 0.75% per year - **$100,001 to $250,000** — 0.65% per year - **$250,001 to $500,000** — 0.55% per year - **$500,001 to $1 million** — 0.45% per year - **Over $1 million to $5 million** — 0.35% per year - **Over $5 million** — 0.25% per year