# HLM Management Co., LLC

> HLM Management Co., LLC is an SEC-registered investment advisory firm in Waltham, MA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 162337
- Filed as: HLM MANAGEMENT CO., LLC
- Also doing business as: HLM INVESTMENT PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Waltham, MA
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/162337
- AdvisorCensus page: https://advisorcensus.com/firm/hlm-management-co-llc-waltham-ma-162337

## Quick answers

**How is HLM Management Co., LLC compensated?**
On its Form ADV (Item 5.E, October 2026), HLM Management Co., LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is HLM Management Co., LLC located?**
HLM Management Co., LLC's principal office is in Waltham, MA, according to its Form ADV.

**Is HLM Management Co., LLC registered with the SEC or a state?**
HLM Management Co., LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 162337.

**How much does HLM Management Co., LLC manage?**
HLM Management Co., LLC reports $411,438,382 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have HLM Management Co., LLC's assets and staff changed since 2022?**
In the Form ADV data for HLM Management Co., LLC: Regulatory assets under management: $507,359,501 in the October 2022 data and $411,438,382 in the October 2026 data, down 19%. Total employees: 11 in October 2022 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does HLM Management Co., LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does HLM Management Co., LLC 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/162337

**What changed in HLM Management Co., LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 4. 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
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $411,438,382
- Discretionary: $411,438,382
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $411,438,382 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (4 years)
- Employees: 14 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- hlminvestmentpartners.com
- LinkedIn @hlm-investment-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $507,359,501 | 11 | March 17, 2022 |
| October 2023 | $405,385,200 | 12 | April 26, 2023 |
| October 2024 | $436,734,194 | 12 | March 25, 2024 |
| October 2025 | $455,426,969 | 14 | April 30, 2025 |
| October 2026 | $411,438,382 | 14 | March 26, 2026 |

Regulatory assets under management: $507,359,501 in the October 2022 data and $411,438,382 in the October 2026 data, down 19%.
Total employees: 11 in October 2022 and 14 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 4.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. HLM Management Co., LLC (CRD 162337): Form ADV filing data as of October 2026.