# HCM Wealth Advisors

> HCM Wealth Advisors is an SEC-registered investment advisory firm in Cincinnati, OH, registered since 1990, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 2, 2026.

- CRD: 107700
- Filed as: HCM WEALTH ADVISORS
- Legal name: Hengehold Capital Management LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cincinnati, OH
- Filing period: October 2026
- Form ADV filing dated: March 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107700
- AdvisorCensus page: https://advisorcensus.com/firm/hcm-wealth-advisors-cincinnati-oh-107700

## Quick answers

**How is HCM Wealth Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), HCM Wealth Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**What does HCM Wealth Advisors' brochure say about its fees?**
Its Form ADV Part 2A brochure dated February 12, 2026 states: Up to $1,000,000: 1% a year; $1,000,001 to $5,000,000: 0.75% a year; Above $5,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is HCM Wealth Advisors located?**
HCM Wealth Advisors' principal office is in Cincinnati, OH, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is HCM Wealth Advisors registered with the SEC or a state?**
HCM Wealth Advisors is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 107700.

**How much does HCM Wealth Advisors manage?**
HCM Wealth Advisors reports $1,230,580,072 in regulatory assets under management in its Form ADV filing dated March 2, 2026 (100% discretionary).

**How have HCM Wealth Advisors' assets and staff changed since 2021?**
In the Form ADV data for HCM Wealth Advisors: Regulatory assets under management: $767,904,803 in the October 2021 data and $1,230,580,072 in the October 2026 data, up 60%. Total employees: 9 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does HCM Wealth Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (516); high net worth individuals (334).

**Which custodians does HCM Wealth Advisors use?**
HCM Wealth Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does HCM Wealth Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107700

**What changed in HCM Wealth Advisors' recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $1,084,067,745 to $1,230,580,072 (+14%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 12, 2026)

- Up to $1,000,000: 1% a year
- $1,000,001 to $5,000,000: 0.75% a year
- Above $5,000,000: 0.5% a year

> The fee for the Advisory Service is based on the following schedule: SIZE OF ACCOUNT ANNUAL FEE LAYER I $0 to $1,000,000 1.00 % LAYER II $1,000,001 to $5,000,000 .75 % LAYER III OVER $5,000,000 .50 %

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,230,580,072
- Discretionary: $1,230,580,072
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 516 | $187,969,702 |
| High net worth individuals | 334 | $926,237,659 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $304,865 |
| Charitable organizations | Fewer than 5 | $16,690,815 |
| Corporations or other businesses not listed above | Fewer than 5 | $99,377,031 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 1990 (35 years)
- Employees: 11 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL, IN, KY, LA, NC, NY, OH, PA, SC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Cincinnati, OH

### Websites listed on Form ADV (Item 1.I)
- hcmwealthadvisors.com
- media.rss.com/hcm-market-brief/feed.xml
- Facebook @HCMWealth
- Instagram @hcmwealthadvisors
- LinkedIn @hcmwealth
- YouTube @UCe9y2ciNYTgSwzFvubp_SLg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $767,904,803 | 9 | September 23, 2021 |
| October 2022 | $894,566,067 | 10 | June 15, 2022 |
| October 2023 | $800,310,625 | 10 | February 16, 2023 |
| October 2024 | $909,143,810 | 10 | March 14, 2024 |
| October 2025 | $1,084,067,745 | 9 | February 20, 2025 |
| October 2026 | $1,230,580,072 | 11 | March 2, 2026 |

Regulatory assets under management: $767,904,803 in the October 2021 data and $1,230,580,072 in the October 2026 data, up 60%.
Total employees: 9 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $1,084,067,745 to $1,230,580,072 (+14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. HCM Wealth Advisors (CRD 107700): Form ADV filing data as of October 2026.