Hopwood Financial Services provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, estate planning, insurance, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Hopwood Financial Services reports 288 clients. They include 169 high-net-worth individuals, 114 individual clients, and 2 pension and profit-sharing plans. Of its assets, 100.0% ($750M across 1,068 accounts) are managed with discretion. It advised 8 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 40% | 6% |
| High-net-worth individuals | 59% | 93% |
| Pension and profit-sharing plans | <1% | <1% |
| 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) | 114 | $43.5M | 5.8% | $381K |
| High-net-worth individuals | 169 | $696M | 92.8% | $4.12M |
| Pension and profit-sharing plans | Fewer than 5 | $6.95M | 0.9% | $3.48M |
| Charitable organizations | Fewer than 5 | $1.16M | 0.2% | $1.16M |
| Corporations and other businesses | Fewer than 5 | $2.76M | 0.4% | $1.38M |
| Total | 288 | $750M | 100% | — |
- Clients
- 114
- Regulatory AUM
- $43.5M
- AUM share
- 5.8%
- Avg. per client
- $381K
- Clients
- 169
- Regulatory AUM
- $696M
- AUM share
- 92.8%
- Avg. per client
- $4.12M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.95M
- AUM share
- 0.9%
- Avg. per client
- $3.48M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.16M
- AUM share
- 0.2%
- Avg. per client
- $1.16M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.76M
- AUM share
- 0.4%
- Avg. per client
- $1.38M
Total
- Clients
- 288
- Regulatory AUM
- $750M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 8
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Hopwood Financial Services charges 0.30%–1.00% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$4M | 0.75% |
| $4M–$7M | 0.50% |
| $7M–$10M | 0.40% |
| $10M and above | 0.30% |
Fee details and sources
Other fees
- Personal financial planning and consulting
- Billed hourly, from $125 an hour for purely administrative work to $350 an hour for most financial planning.
- Special reports and distributions
- Distribution calculations, check issuance, special reports and other non-routine services are billed hourly, currently up to $250 an hour.
Herbert Hopwood owns 50% to 75% of Hopwood Financial Services. The leadership team of Hopwood Financial Services includes President Kevin Galvin and Chief Compliance Officer Herbert Hopwood. It has 11 employees, 6 of them in advisory roles.
Leadership
Kevin GalvinExecutive Vice President
Herbert HopwoodPresident/Chief Compliance Officer- Peter RamigWealth Advisor
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 11 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 50% to 75% of Hopwood Financial Services, Inc.
Herbert Hopwood
Control person · since July 2003
- Owns 25% to 50% of Hopwood Financial Services, Inc.
Kevin Galvin
Control person · since January 2019
- Owns 5% to 10% of Hopwood Financial Services, Inc.
Peter Ramig
since February 2023
Hopwood Financial Services’ regulatory assets grew 1.7× from $452M (March 2021) to $750M (August 2026); clients rose from 244 to 288 and employees from 8 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $750M | 288 | 11 | 7 |
| June 2025 | $667M | 278 | 9 | 6 |
| June 2024 | $548M | 264 | 10 | 5 |
| March 2023 | $486M | 248 | 9 | 4 |
| July 2022 | $532M | 259 | 7 | 4 |
| March 2021 | $452M | 244 | 8 | 1 |
Besides its headquarters, Hopwood Financial Services has 6 offices (6 private residences, listed without an address), with 1 listed address in Virginia.
Virginia · 1 listed address
- 10740 Parkridge BLVD., Suite 150, RestonHQ
Contact and registration details
- Legal name
- Hopwood Financial Services, Inc.
- Headquarters
- 10740 Parkridge BLVD., Suite 150, Reston, VA 20191
- Website
- hopwoodfinancial.com
- Phone
- 703-787-0008
- @hopwood-financial-services
- SEC file
- 801-62268
- Founded
- 2003
- Structure
- Virginia corporation
- Fiscal year end
- December
Hopwood Financial Services uses Charles Schwab ($530M, 71%) and Fidelity ($219M, 29%) as custodians for its separately managed accounts. Hopwood Financial Services has custody of $66M in client assets for 44 clients.
- FidelityNational Financial Services LLC · Boston, MA · $219M29%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $530M71%
At year end, Hopwood Financial Services’ separately managed accounts were mostly in funds (56%) and bonds (31%). Its reported 13F holdings for the quarter ended 30 June 2026 total $173M across 92 positions; the largest are Capital Group Intl Focus EQT (12.5%), State Str SPDR S&P 500 ETF T (9.9%) and iShares TR (9.3%).
What the accounts hold
- Stocks5%
- Funds56%
- Bonds31%
- Investment grade corporate bonds18%
- U.S. government and agency bonds11%
- State and local bonds2%
- Cash8%
Reported 13F holdings
- $173M
- Reported 13F value
- 92
- Positions
- 61.9%
- In the 10 largest
- +16.3%
- Value vs. prior quarter
- Capital Group Intl Focus EQT · Shs Creat Unit12.5%
- State Str SPDR S&P 500 ETF T · TR Unit9.9%
- iShares TR · Core S&P Mcp ETF9.3%
- Vanguard BD Index Fds · Short Trm Bond6.5%
- iShares TR · MSCI Acwi EX US6.1%
- iShares TR · Core S&P Scp ETF5.0%
- State Str SPDR S&P Midcap 40 · Utser1 S&pdcrp4.1%
- T Rowe Price Exchange-traded · Price Blue Chip3.0%
- Exxon Mobil Corp.2.8%
- T Rowe Price Exchange-traded · US Equi Resh ETF2.7%
Together, the ten largest are 61.9% of reported value.
How many clients does Hopwood Financial Services have?
Hopwood Financial Services has 288 clients and manages $750 million for them, as of August 2026. They include 169 high-net-worth individuals, 114 individual clients, and 2 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026
What services does Hopwood Financial Services offer?
Hopwood Financial Services provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Hopwood Financial Services charge?
Hopwood Financial Services charges 0.30%–1.00% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears.
Source: FORM ADV 2A, filed 27 March 2026
Which custodians does Hopwood Financial Services use?
Hopwood Financial Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $530M and National Financial Services LLC (Boston, MA), with $219M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 August 2026
How many financial advisors does Hopwood Financial Services have?
Hopwood Financial Services has 6 investment adviser representatives registered with state securities authorities, out of 11 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Hopwood Financial Services invest in?
At the end of its last fiscal year, Hopwood Financial Services’ separately managed accounts held 56% registered funds (mutual funds, ETFs, BDCs), 18% investment grade corporate bonds, 11% U.S. government and agency bonds, 8% cash and equivalents, 5% exchange-traded equities and 2% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Hopwood Financial Services?
Hopwood Financial Services’ direct owners are Herbert Hopwood (50% to 75%), Kevin Galvin (25% to 50%) and Peter Ramig (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 19 August 2026
How does Hopwood Financial Services get paid?
Hopwood Financial Services is paid through a percentage of assets under management, hourly charges 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
Is Hopwood Financial Services registered with the SEC?
Yes, Hopwood Financial Services has been registered with the SEC as an investment adviser since 12 August 2003. Its CRD number is 127927 and its SEC file number is 801-62268.
Source: Form ADV Part 1A, Item 1, filed 19 August 2026; IAPD firm record
How do I contact Hopwood Financial Services?
Hopwood Financial Services’ main office is at 10740 Parkridge BLVD., Suite 150, Reston, VA 20191. Its phone number is 703-787-0008. Its website is hopwoodfinancial.com.