HZ Investments provides portfolio management for individuals and small businesses.
HZ Investments reports 21 high-net-worth individuals. Of its assets, 100.0% ($591M across 120 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 21 | $591M | 100.0% | $28.2M |
| Total | 21 | $591M | 100% | $28.2M |
- Clients
- 21
- Regulatory AUM
- $591M
- AUM share
- 100.0%
- Avg. per client
- $28.2M
Total
- Clients
- 21
- Regulatory AUM
- $591M
- AUM share
- 100%
- Avg. per client
- $28.2M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
HZ Investments charges 1.00% a year for its Portfolio Management Fees. The whole portfolio is charged at the rate of its band. The fee is billed in advance and is negotiable.
Fee details and sources
Harold Zirkin owns 75% or more of HZ Investments. The leadership team of HZ Investments includes Chief Compliance Officer Harold Zirkin. It has 1 employee.
Leadership
- Harold ZirkinManaging Member & Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Harold Zirkin
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of HZ Investments Inc.
Harold Zirkin
Control person · since December 2020
HZ Investments’ regulatory assets grew 1.8× from $333M (June 2021) to $591M (February 2026); clients fell from 80 to 21 and employees were 1 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $591M | 21 | 1 | 1 |
| March 2025 | $537M | 22 | 1 | 1 |
| March 2024 | $496M | 29 | 1 | 1 |
| March 2023 | $425M | 28 | 1 | 1 |
| March 2022 | $469M | 35 | 1 | 1 |
| June 2021 | $333M | 80 | 1 | 1 |
Besides its headquarters, HZ Investments has 0 offices, with 1 listed address in Maryland.
Maryland · 1 listed address
- 5610 Wisconsin Ave #108, Chevy ChaseHQ
Contact and registration details
- Legal name
- HZ Investments Inc.
- Headquarters
- 5610 Wisconsin Ave #108, Chevy Chase, MD 20815
- Website
- Not reported
- Phone
- 301-922-7631
- SEC file
- 801-120217
- Structure
- Maryland corporation
- Fiscal year end
- December
HZ Investments uses Charles Schwab ($290M, 51%) and Wilmington Trust Investment Management ($281M, 49%) as custodians for its separately managed accounts. HZ Investments does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $290M51%
- Wilmington Trust Investment ManagementWilmington Trust Investment Management, LLC · Wilmington, DE · $281M49%
At year end, HZ Investments’ separately managed accounts were mostly in stocks (65%) and bonds (15%).
What the accounts hold
- Stocks65%
- Funds12%
- Bonds15%
- U.S. government and agency bonds14%
- State and local bonds1%
- Cash5%
- Other3%
- Private real estate3%
How many clients does HZ Investments have?
HZ Investments has 21 clients and manages $591 million for them, as of February 2026. They include 21 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 February 2026
What services does HZ Investments offer?
HZ Investments provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does HZ Investments charge?
HZ Investments charges 1.00% a year for its Portfolio Management Fees. The whole portfolio is charged at the rate of its band. The fee is billed in advance and is negotiable.
Source: ADV PART 2A- HZ INVESTMENTS INC., filed 24 February 2026
Which custodians does HZ Investments use?
HZ Investments’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $290M and Wilmington Trust Investment Management, LLC (Wilmington, DE), with $281M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 February 2026
How many financial advisors does HZ Investments have?
HZ Investments has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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 HZ Investments invest in?
At the end of its last fiscal year, HZ Investments’ separately managed accounts held 65% exchange-traded equities, 14% U.S. government and agency bonds, 12% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 3% other and 1% state and local bonds. The 3% other category is described as: Private Real Estate.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns HZ Investments?
HZ Investments’ direct owner is Harold Zirkin (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 February 2026
How does HZ Investments get paid?
HZ Investments 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
How do I contact HZ Investments?
HZ Investments’ main office is at 5610 Wisconsin Ave #108, Chevy Chase, MD 20815. Its phone number is 301-922-7631.