2008 | 2007 | 2006
Hammond presses forward towards goal of becoming World Class Financial Services firm
Investment firm assets under advisement nearing $60 billion
July 2008
According to a recent internal communiqué, Hammond Associates remains committed to providing the highest level of care to the clients they serve. “In pursuit of an impeccable world class commitment to client service, it is imperative we first demonstrate that we are a uniquely engineered Financial Services firm. In so doing, we are resolutely devoted to our client’s financial according to the communiqué. Over the course of the last year, the firm has worked hard to define and engineer unique alternative investment solutions for their smaller clients seeking access to the ‘best of breed’ managers. Conducting just over 1,000 manager meetings in 2007 alone, Research continues to be a cornerstone and hallmark of Hammond Associates. Located in the financial district of Clayton, Missouri, Hammond Associates has over 120 employees servicing 200 clients within the higher education, foundations, healthcare, corporate and public retirement plans, and private wealth sectors.
Hammond crosses the $50 billion mark in assets under advisement
August 2007
Hammond Associates reached several noteworthy milestones during 2007, chief among them being a near doubling of assets under advisement. In June 2006 the firm reported having $22 billion under advisement. One year later the assets under advisement crossed the $50 billion mark, primarily due to the growth of existing clients’ assets and the addition of some new clients during the year. With just over 75 clients in 2004 the firm grew to 126 clients by the third quarter of 2006 and reports just under 160 clients one year later. The firm paces itself cautiously in regard to adding clients, "because we don't want to grow too quickly. Our first commitment is always to our existing client,” says Hammond. The firm currently has 99 employees in St. Louis, compared to 80 associates just over a year ago