Hughes Capital Management, LLC

Hughes Capital Management, LLC is a single‑advisor independent investment advisory firm that manages about $2.7 million for six clients, offering discretionary portfolio management and tailored investment advice to individuals and personal entities such as trusts, estates, and retirement‑plan accounts. The firm generally requires a minimum account size and focuses on ongoing portfolio management rather than one‑time consulting engagements.

The firm combines fundamental and quantitative analysis and may invest across equities, fixed income, mutual funds, ETFs and foreign securities according to each client’s objectives and risk tolerance. Accounts are reviewed at least monthly (and as often as daily when conditions warrant), managed on a discretionary basis, and the adviser generally aggregates trades to allocate executions among client accounts.

Noteworthy features include a high‑water‑mark fee deferral policy that can defer advisory fees for multiple quarters (and in some instances a year or longer), creating the potential for an accrued fee to be collected once performance recovers, and a distinct reduction in the ongoing fee applied after the first year for accounts that do not invest in individual stocks. The firm does not accept proxy‑voting authority, does not charge performance‑based fees, has no industry affiliations, and uses custodian‑based fee deduction with client authorization (resulting in limited constructive custody).