Hazlett, Burt & Watson provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
Hazlett, Burt & Watson reports 2,399 clients. They include 1,744 individual clients, 613 high-net-worth individuals and 19 charitable organizations. Of its assets, 53.9% ($748M across 1,140 accounts) are managed with discretion; $641M across 1,259 accounts are not. A wrap fee program the firm both sponsors and manages holds $1.39B.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 33% |
| High-net-worth individuals | 26% | 63% |
| Pension and profit-sharing plans | <1% | 2% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,744 | $458M | 33.0% | $262K |
| High-net-worth individuals | 613 | $874M | 63.0% | $1.43M |
| Pension and profit-sharing plans | 11 | $30.6M | 2.2% | $2.78M |
| Charitable organizations | 19 | $16M | 1.1% | $840K |
| Corporations and other businesses | 12 | $10.2M | 0.7% | $854K |
| Total | 2,399 | $1.39B | 100% | $579K |
- Clients
- 1,744
- Regulatory AUM
- $458M
- AUM share
- 33.0%
- Avg. per client
- $262K
- Clients
- 613
- Regulatory AUM
- $874M
- AUM share
- 63.0%
- Avg. per client
- $1.43M
- Clients
- 11
- Regulatory AUM
- $30.6M
- AUM share
- 2.2%
- Avg. per client
- $2.78M
- Clients
- 19
- Regulatory AUM
- $16M
- AUM share
- 1.1%
- Avg. per client
- $840K
- Clients
- 12
- Regulatory AUM
- $10.2M
- AUM share
- 0.7%
- Avg. per client
- $854K
Total
- Clients
- 2,399
- Regulatory AUM
- $1.39B
- AUM share
- 100%
- Avg. per client
- $579K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Hazlett, Burt & Watson charges 0.75%–1.75% a year for its Asset Management Account; its fees and minimums are set out in its brochures on the SEC website.
HB&W, Inc. owns 75% or more of Hazlett, Burt & Watson. The leadership team of Hazlett, Burt & Watson includes President Marilynn Sue Echols and Chief Compliance Officer Timothy Morgan Bidwell. It has 20 employees, 14 of them in advisory roles.
Leadership
- Marilynn Sue EcholsExecutive Vice President / Director
- Timothy Morgan BidwellExec VP / CFO / Chief Compliance Officer / Director
- Michael Thompson BarickmanExec VP / Director
- Harold Bruce BurechDirector /SR VP
- Jason Lee MarshChairman / CEO / Director
- George Sperry III WeaverSR Exec VP / Director
Investment adviser representatives
20 representatives listed in the SEC register as of 9 October 2026.
- Michael Thompson Barickman
- Timothy Morgan Bidwell
- Joshua Earl Braunlich
- Harold Bruce Burech
- Marilynn Sue Echols
- Melanie Herbst
- Matthew J Herink
- Joseph D. Hess
- Walker P. Holloway III
- C. Lewis Johnson
- Joyce Ann Libby
- Gregory Francis Marquart
- Jason Lee Marsh
- Jeanne Marie Miller
- Thomas James Morrison
- Tarina Sue Neely
- Shane Vincent Pamphilis
- William Lias Paras
- Steven Thomas Sell
- George Sperry Weaver III
Staff
- 20 employees
- 14 in advisory functions
- 20 state-registered reps
- 19 broker-dealer reps
- 12 insurance agents
- Owns 75% or more of Hazlett, Burt & Watson, Inc.
HB&W, Inc.
Control person · since September 1999
Hazlett, Burt & Watson’s regulatory assets grew from $999M (March 2021) to $1.39B (March 2026); clients were 2,399 in both filings and employees fell from 23 to 20.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.39B | 2,399 | 20 | 4 |
| March 2025 | $1.2B | 2,314 | 19 | 4 |
| March 2024 | $1.02B | 2,291 | 21 | 4 |
| March 2023 | $983M | 2,113 | 19 | 4 |
| March 2022 | $1.11B | 2,534 | 21 | 4 |
| March 2021 | $999M | 2,514 | 23 | 4 |
Besides its headquarters, Hazlett, Burt & Watson has 3 offices, with 4 listed addresses in Ohio, Pennsylvania and West Virginia.
West Virginia · 2 listed addresses
- 1300 Chapline Street, WheelingHQ
- 1100 9th Street, Vienna
Ohio · 1 listed address
- 179 East Main Street, Barnesville
Pennsylvania · 1 listed address
- 48-50 W Chestnut St., Lancaster
Contact and registration details
- Legal name
- Hazlett, Burt & Watson, Inc.
- Headquarters
- 1300 Chapline Street, Wheeling, WV 26003
- Website
- hazlettburt.com
- Phone
- 304-233-3312
- SEC file
- 801-66333
- Structure
- West Virginia corporation
- Fiscal year end
- December
Hazlett, Burt & Watson uses Fidelity ($1.36B) as custodian for its separately managed accounts. Hazlett, Burt & Watson has custody of $1.36B in client assets for 2,362 clients.
- FidelityNational Financial Services LLC · Boston, MA · $1.36B100%
At year end, Hazlett, Burt & Watson’s separately managed accounts were largely in stocks (48%) and funds (35%). Its reported 13F holdings for the quarter ended 30 June 2026 total $377K across 909 positions; the largest are Apple Inc. (4.9%), Invesco Qqq TR (4.9%) and Nvidia Corporation (3.1%).
What the accounts hold
- Stocks48%
- Funds35%
- Bonds7%
- Investment grade corporate bonds6%
- State and local bonds1%
- Cash6%
- Other4%
- Certificates of deposit - reit - limited partnerships - annuities4%
Reported 13F holdings
- $377K
- Reported 13F value
- 909
- Positions
- 24.8%
- In the 10 largest
- +17.8%
- Value vs. prior quarter
- Apple Inc.4.9%
- Invesco Qqq TR · Unit Ser 14.9%
- Nvidia Corporation3.1%
- Amazon Com Inc.2.6%
- Microsoft Corp.2.1%
- Micron Technology Inc.2.0%
- Alphabet Inc. · Cap Stk CL C1.4%
- Exxon Mobil Corp.1.4%
- Johnson &johnson1.2%
- Broadcom Inc.1.2%
Together, the ten largest are 24.8% of reported value.
How many clients does Hazlett, Burt & Watson have?
Hazlett, Burt & Watson has 2,399 clients and manages $1.39 billion for them, as of March 2026. They include 1,744 individual clients, 613 high-net-worth individuals and 19 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Hazlett, Burt & Watson offer?
Hazlett, Burt & Watson provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Hazlett, Burt & Watson charge?
Hazlett, Burt & Watson charges 0.75%–1.75% a year for its Asset Management Account.
Source: ASSET MANAGEMENT ACCOUNT BROCHURE, filed 25 March 2026
Which custodians does Hazlett, Burt & Watson use?
Hazlett, Burt & Watson’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $1.36B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Hazlett, Burt & Watson have?
Hazlett, Burt & Watson has 20 investment adviser representatives registered with state securities authorities, out of 20 employees, and 14 perform investment advisory functions. 19 employees are registered representatives of a broker-dealer and 12 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 Hazlett, Burt & Watson invest in?
At the end of its last fiscal year, Hazlett, Burt & Watson’s separately managed accounts held 48% exchange-traded equities, 35% registered funds (mutual funds, ETFs, BDCs), 6% investment grade corporate bonds, 6% cash and equivalents, 4% other and 1% state and local bonds. The 4% other category is described as: Certificates of Deposit - Reit - Limited Partnerships - Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Hazlett, Burt & Watson?
Hazlett, Burt & Watson’s direct owner is HB&W, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Hazlett, Burt & Watson get paid?
Hazlett, Burt & Watson is paid through a percentage of assets under management. 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
Is Hazlett, Burt & Watson registered with the SEC?
Yes, Hazlett, Burt & Watson has been registered with the SEC as an investment adviser since 29 March 2006. Its CRD number is 396 and its SEC file number is 801-66333.
Source: Form ADV Part 1A, Item 1, filed 25 March 2026; IAPD firm record
How do I contact Hazlett, Burt & Watson?
Hazlett, Burt & Watson’s main office is at 1300 Chapline Street, Wheeling, WV 26003. Its phone number is 304-233-3312. Its website is hazlettburt.com.