Hunter Associates Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, estate planning, and insurance. Financial planning was provided to 1–10 clients last fiscal year.
Hunter Associates Investment Management reports 1,240 clients. They include 930 individual clients, 263 high-net-worth individuals and 26 charitable organizations. Of its assets, 99.9% ($1.34B across 2,621 accounts) are managed with discretion; $1.09M across 3 accounts are not. A wrap fee program the firm both sponsors and manages holds $40.6M. Of its clients, 1% are outside the U.S. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 75% | 18% |
| High-net-worth individuals | 21% | 73% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 2% | 6% |
| Corporations and other businesses | 1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 930 | $247M | 18.5% | $266K |
| High-net-worth individuals | 263 | $972M | 72.6% | $3.69M |
| Pension and profit-sharing plans | 6 | $2.21M | 0.2% | $368K |
| Charitable organizations | 26 | $75.4M | 5.6% | $2.9M |
| Corporations and other businesses | 15 | $42.6M | 3.2% | $2.84M |
| Total | 1,240 | $1.34B | 100% | $1.08M |
- Clients
- 930
- Regulatory AUM
- $247M
- AUM share
- 18.5%
- Avg. per client
- $266K
- Clients
- 263
- Regulatory AUM
- $972M
- AUM share
- 72.6%
- Avg. per client
- $3.69M
- Clients
- 6
- Regulatory AUM
- $2.21M
- AUM share
- 0.2%
- Avg. per client
- $368K
- Clients
- 26
- Regulatory AUM
- $75.4M
- AUM share
- 5.6%
- Avg. per client
- $2.9M
- Clients
- 15
- Regulatory AUM
- $42.6M
- AUM share
- 3.2%
- Avg. per client
- $2.84M
Total
- Clients
- 1,240
- Regulatory AUM
- $1.34B
- AUM share
- 100%
- Avg. per client
- $1.08M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Hunter Associates Investment Management charges 0.60%–0.95% a year for its Individual Portfolio Management. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Consulting services
- Consulting services on isolated topics are charged on a fee determined by the nature and complexity of the services, agreed before the contract is signed. No rate is stated.
- Financial planning
- Financial planning is a value-added service; a fee may be charged for the written plan, agreed with the client before the contract is signed. No rate is stated.
Hunter Associates Holdings, LLC owns 75% or more of Hunter Associates Investment Management. The leadership team of Hunter Associates Investment Management includes President Robert Spittal III McCulloch. It has 14 employees.
Leadership
- Robert Spittal III McCullochVice President,director
- Erica Lynn SnyderPresident,ceo,director
- Patrick James ClarkCCO
- Bradley John MarshallCFO, Treasurer, Director
Investment adviser representatives
17 representatives listed in the SEC register as of 9 October 2026.
- Marissa A Bougades
- Patrick James Clark
- Robert Michael Daniel JR
- Trevor Martin Day
- Douglas Scott Finley
- Nathan Andrew Garofalo
- Barbara Stahl Lovejoy
- John Hemphill Lynch
- John Michael Haig McCulloch
- Robert Spittal McCulloch III
- Christina Leah Nassis
- Jodi Falconer Powers
- Daniel James Scarpitti MR.
- John Carl Scarpitti
- Erica Lynn Snyder
- Kenneth Thompson
- Pieter Van De Keer
Staff
- 14 employees
- 14 in advisory functions
- 13 state-registered reps
- 13 broker-dealer reps
- 8 insurance agents
- Owns 75% or more of Hunter Associates Investment Management LLC
Hunter Associates Holdings, LLC
Control person · since January 2016
Hunter Associates Investment Management’s regulatory assets grew 1.6× from $851M (March 2021) to $1.34B (July 2026); clients rose from 540 to 1,240 and employees from 12 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $1.34B | 1,240 | 14 | 2 |
| March 2025 | $1.2B | 1,123 | 14 | 2 |
| April 2024 | $1.01B | 921 | 13 | 2 |
| August 2023 | $833M | 718 | 13 | 2 |
| March 2022 | $1B | 607 | 12 | 2 |
| March 2021 | $851M | 540 | 12 | 2 |
Besides its headquarters, Hunter Associates Investment Management has 1 office, with 2 listed addresses in Ohio and Pennsylvania.
Ohio · 1 listed address
- 120 W. Second Street, Salem
Pennsylvania · 1 listed address
- 436 Seventh Avenue, Koppers Building, 27th Floor, PittsburghHQ
Contact and registration details
- Legal name
- Hunter Associates Investment Management LLC
- Headquarters
- 436 Seventh Avenue, Koppers Building, 27th Floor, Pittsburgh, PA 15219-1818
- Website
- hunterassociates.com
- Phone
- 412-471-4191
- @hunter-associates-llc
- SEC file
- 801-42007
- Founded
- 1992
- Structure
- Delaware LLC
- Fiscal year end
- December
Hunter Associates Investment Management uses Pershing ($1.31B) as custodian for its separately managed accounts. Hunter Associates Investment Management has custody of $3.18M in client assets for 1 client.
- PershingPershing LLC · Newark, NJ · $1.31B100%
At year end, Hunter Associates Investment Management’s separately managed accounts were largely in stocks (42%) and funds (42%). Its reported 13F holdings for the quarter ended 30 June 2026 total $868K across 294 positions; the largest are Goldman Sachs ETF TR Activebeta U S Large Cap Equity ETF (5.9%), Apple (4.8%) and Microsoft Corp. (3.6%).
What the accounts hold
- Stocks42%
- Funds42%
- Bonds9%
- U.S. government and agency bonds6%
- State and local bonds3%
- Cash6%
- Other1%
- Less than one percent invested in other securities is comprised of investment grade corporate bonds, non exchanged-traded equity securities and other asset types not listed above.1%
Reported 13F holdings
- $868K
- Reported 13F value
- 294
- Positions
- 32.8%
- In the 10 largest
- +14.9%
- Value vs. prior quarter
- Goldman Sachs ETF TR Activebeta U S Large Cap Equity ETFETF5.9%
- Apple4.8%
- Microsoft Corp.3.6%
- Fidelity Merrimack Str TR Total BD ETFETF3.5%
- Invesco Exchanged Traded FD TR II Nasdaq 100 ETFETF3.2%
- iShares TR Core 1-5 YR Usd BD ETFETF2.8%
- Wisdomtree TR Intl Hedged Quality Divid Growth FDETF2.5%
- Invesco Exchange-traded FD TR S&P Midcap Quality ETFETF2.3%
- Amgen Inc.2.1%
- Broadcom Inc.2.1%
Together, the ten largest are 32.8% of reported value.
How many clients does Hunter Associates Investment Management have?
Hunter Associates Investment Management has 1,240 clients and manages $1.34 billion for them, as of July 2026. They include 930 individual clients, 263 high-net-worth individuals and 26 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026
What services does Hunter Associates Investment Management offer?
Hunter Associates Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, estate planning, and insurance.
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 Hunter Associates Investment Management charge?
Hunter Associates Investment Management charges 0.60%–0.95% a year for its Individual Portfolio Management. The fee is billed in advance and is negotiable.
Source: 2026 HUNTER ASSOCIATES FORM ADV PART 2A, filed 31 March 2026
Which custodians does Hunter Associates Investment Management use?
Hunter Associates Investment Management’s separately managed account assets are held at Pershing LLC (Newark, NJ), with $1.31B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 July 2026
How many financial advisors does Hunter Associates Investment Management have?
Hunter Associates Investment Management has 13 investment adviser representatives registered with state securities authorities, out of 14 employees, and 14 perform investment advisory functions. 13 employees are registered representatives of a broker-dealer and 8 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 Hunter Associates Investment Management invest in?
At the end of its last fiscal year, Hunter Associates Investment Management’s separately managed accounts held 42% exchange-traded equities, 42% registered funds (mutual funds, ETFs, BDCs), 6% U.S. government and agency bonds, 6% cash and equivalents, 3% state and local bonds and 1% other. The 1% other category is described as: Less Than One Percent Invested in Other Securities Is Comprised of Investment Grade Corporate Bonds, Non Exchanged-Traded Equity Securities and Other Asset Types Not Listed Above.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Hunter Associates Investment Management?
Hunter Associates Investment Management’s direct owner is Hunter Associates Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 July 2026
How does Hunter Associates Investment Management get paid?
Hunter Associates Investment Management 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
Is Hunter Associates Investment Management registered with the SEC?
Yes, Hunter Associates Investment Management has been registered with the SEC as an investment adviser since 27 July 1992. Its CRD number is 30177 and its SEC file number is 801-42007.
Source: Form ADV Part 1A, Item 1, filed 30 July 2026; IAPD firm record
How do I contact Hunter Associates Investment Management?
Hunter Associates Investment Management’s main office is at 436 Seventh Avenue, Koppers Building, 27th Floor, Pittsburgh, PA 15219-1818. Its phone number is 412-471-4191. Its website is hunterassociates.com.