H. L. Ormond & Company provides financial planning, portfolio management for individuals and small businesses, selecting other managers, insurance, and retirement plan services. Financial planning was provided to 101–250 clients last fiscal year.
H. L. Ormond & Company reports 282 clients. They include 179 individual clients, 98 high-net-worth individuals, and 5 corporations and other businesses. Of its assets, 95.6% ($384M across 1,154 accounts) are managed with discretion; $17.5M across 45 accounts are not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 63% | 14% |
| High-net-worth individuals | 35% | 76% |
| Pension and profit-sharing plans | Fewer than 5 | 6% |
| Charitable organizations | Fewer than 5 | 1% |
| Corporations and other businesses | 2% | 3% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 179 | $54.3M | 13.5% | $303K |
| High-net-worth individuals | 98 | $306M | 76.3% | $3.13M |
| Pension and profit-sharing plans | Fewer than 5 | $23M | 5.7% | — |
| Charitable organizations | Fewer than 5 | $5.82M | 1.5% | — |
| Corporations and other businesses | 5 | $11.9M | 3.0% | $2.39M |
| Total | 282 | $401M | 100% | — |
- Clients
- 179
- Regulatory AUM
- $54.3M
- AUM share
- 13.5%
- Avg. per client
- $303K
- Clients
- 98
- Regulatory AUM
- $306M
- AUM share
- 76.3%
- Avg. per client
- $3.13M
- Clients
- Fewer than 5
- Regulatory AUM
- $23M
- AUM share
- 5.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $5.82M
- AUM share
- 1.5%
- Avg. per client
- —
- Clients
- 5
- Regulatory AUM
- $11.9M
- AUM share
- 3.0%
- Avg. per client
- $2.39M
Total
- Clients
- 282
- Regulatory AUM
- $401M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
H. L. Ormond & Company is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Retirement Services: SIMPLE IRA Plans
- The advisory fee for clients invested in SIMPLE IRA plans ranges from 0.25% to 0.75%, depending on the overall plan size.
Herbert Ormond owns 75% or more of H. L. Ormond & Company. The leadership team of H. L. Ormond & Company includes President Herbert Ormond and Chief Compliance Officer Sharon Dew. It has 7 employees, 4 of them in advisory roles.
Leadership
- Herbert OrmondManaging Member / President & Chief Investment Officer
- Sharon DewOffice Administrator and Client Service Associate / Chief Compliance Officer
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Michelle Ann Corey
- Lisa Wooten Hardee
- John Keais Hoyt JR
- Tanner Keais Hoyt
- Herbert Lyman Ormond III
Staff
- 7 employees
- 4 in advisory functions
- 4 state-registered reps
- 3 insurance agents
- Owns 75% or more of H. L. Ormond & Company, LLC
Herbert Ormond
Control person · since April 2021
H. L. Ormond & Company’s regulatory assets grew Infinity× from $0 (July 2021) to $401M (May 2026); employees rose from 4 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $401M | 282 | 7 | 2 |
| March 2025 | $360M | 256 | 3 | 1 |
| March 2024 | $317M | 273 | 3 | 1 |
| March 2023 | $274M | 249 | 4 | 1 |
| March 2022 | $337M | 215 | 4 | 1 |
| July 2021 | $0 | 0 | 4 | 1 |
Besides its headquarters, H. L. Ormond & Company has 1 office, with 2 listed addresses in North Carolina.
North Carolina · 2 listed addresses
- 1001 Conference Drive, Suite A, GreenvilleHQ
- 1001 Conference Drive, Greenville
Other business names
H. L. Ormond & Company has reported 1 other business name to the SEC.
- Hoyt Family Wealth Management
Contact and registration details
- Legal name
- H. L. Ormond & Company, LLC
- Headquarters
- 1001 Conference Drive, Suite A, Greenville, NC 27858
- Website
- hlormond.com
- Phone
- 252-756-4010
- SEC file
- 801-120841
- Founded
- 2010
- Structure
- North Carolina LLC
- Fiscal year end
- December
H. L. Ormond & Company uses Raymond James ($380M) as custodian for its separately managed accounts. H. L. Ormond & Company has custody of $16M in client assets for 26 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $380M100%
At year end, H. L. Ormond & Company’s separately managed accounts were mostly in funds (65%) and stocks (27%).
What the accounts hold
- Stocks27%
- Funds65%
- Cash8%
How many clients does H. L. Ormond & Company have?
H. L. Ormond & Company has 282 clients and manages $401 million for them, as of May 2026. They include 179 individual clients, 98 high-net-worth individuals, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 May 2026
What services does H. L. Ormond & Company offer?
H. L. Ormond & Company provides financial planning, portfolio management for individuals and small businesses, selecting other managers, insurance, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does H. L. Ormond & Company use?
H. L. Ormond & Company’s separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $380M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 May 2026
How many financial advisors does H. L. Ormond & Company have?
H. L. Ormond & Company has 4 investment adviser representatives registered with state securities authorities, out of 7 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does H. L. Ormond & Company invest in?
At the end of its last fiscal year, H. L. Ormond & Company’s separately managed accounts held 65% registered funds (mutual funds, ETFs, BDCs), 27% exchange-traded equities and 8% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns H. L. Ormond & Company?
H. L. Ormond & Company’s direct owner is Herbert Ormond (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 May 2026
How does H. L. Ormond & Company get paid?
H. L. Ormond & Company is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact H. L. Ormond & Company?
H. L. Ormond & Company’s main office is at 1001 Conference Drive, Suite A, Greenville, NC 27858. Its phone number is 252-756-4010. Its website is hlormond.com.