William B. Hammond
Professional summary
William Blair Hammond, who also goes by Bill Hammond, is a registered financial advisor currently at PRIVATE ADVISOR GROUP, LLC located in Oswego, Illinois.
William is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1992. William has worked at 15 firms and has passed the Series 65, Series 63, SIE, Series 7, Series 24 and Series 9 exams.
Question & Answer
Aliases
Other business activities
CRS (Client Relationship Summary) - RIA
PRIVATE ADVISOR GROUP, LLC - Registered Investment Advisory firm
Version Date: Fri Mar 01 2024Private Advisor Group (PAG) is registered with the U.S. Securities and Exchange Commission as an investment adviser. Investment advisory and brokerage services and fees differ, and it is important for you to understand the differences in order to choose which type of account is right for you. There are free and simple tools available to research firms and financial professionals at Investor.gov/CRS which also provides educational materials about investment advisers, broker-dealers, and investing.
Fees and Costs:
Percentage Fee: PAG generally charges a fee that is a percentage of the assets to be managed. The fee is negotiable, with a maximum annual fee of 2.25%. The fee is based on the value of the investments in your account and charged quarterly in advance. A fee that is a percentage of the assets to be managed may create a disincentive for your Advisor to perform additional work for a client because that work will not increase his or her compensation. Your Advisor may have an incentive to perform less work for clients with fewer assets. Since fees increase when assets increase, your Advisor has an incentive to encourage you to increase the assets in your account.
Flat Fee: PAG may also agree to charge a fixed or flat fee for its services, charging a specific dollar amount for a specific time period. A fixed fee may create a disincentive for your Advisor to perform additional work for you because that work will not increase his or her compensation.
Hourly Fee: PAG may also agree to charge an hourly fee for all time spent working on a client’s behalf. An hourly fee may create an incentive for your Advisor to perform additional work for the client because his or her compensation will increase with any additional work.
Wrap Fee and Non-Wrap Fee: If you are in a wrap fee program, trading costs will be charged to your Advisor, so he or she will have a disincentive to perform work for you by trading in your account. If you are in a non-wrap fee program, you will pay a per-transaction charge in addition to the percentage fee.
Subscription Fee: Your Advisor may provide publications or seminars for which you may be required to pay a subscription fee.
Custodian Fees: You will be charged fees by the custodian where your account is held for services such as account maintenance, and you should review the fee schedule published by the custodian for those specific fees.
If you use the services of a portfolio manager or third party investment advisory firms, you will be charged fees depending on the terms of your agreement with them.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please ask your Advisor for personalized information and make sure you understand what fees and costs you are paying.
Questions to ask your Professional:
- Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will
- go to fees and costs, and how much will be invested for me?
Conflicts of Interest:
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means. Our firm makes money from advisory fees that our clients pay. This is a conflict of interest because those fees reduce your investment returns. Your financial professional may also make money outside of PAG, typically as a registered representative of a broker-dealer or an insurance agent and recommendations to utilize him or her in those roles create a conflict of interest.
Questions to ask your Professional:
- How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Your Advisor receives a portion of the investment advisory fee you pay. This creates an incentive for your Advisor to encourage you to increase the assets in your account. The portion of the investment advisory fee paid to your Advisor will differ based on the advisory service or program. Your Advisor may also make money from related fields, but outside PAG. For example, if your Advisor is also a registered representative of LPL, they would earn commissions from buying and selling securities in a brokerage account. Your Advisor may also be an insurance agent, and would earn commissions for selling you policies or annuities. If so, your Advisor will also have an incentive to increase the assets in your brokerage account or your insurance contracts to make more money from those roles.
Your Advisor may attend business dinners, educational conferences, or social events where the costs are paid by investment companies, which creates an incentive for your Advisor to recommend those products.
Certified licenses
Experience
September 30, 2020 - Present
PRIVATE ADVISOR GROUP, LLC
Office #1: 113 S. Main Street Suite 303, Oswego, IL 60543April 6, 2016 - September 30, 2020
T2 ASSET MANAGEMENT, LLC
March 28, 2013 - April 4, 2016
WOODBURY FINANCIAL SERVICES, INC.
March 28, 2013 - April 4, 2016
WOODBURY FINANCIAL SERVICES, INC.
June 29, 2012 - March 28, 2013
LASALLE ST. INVESTMENT ADVISORS, L.L.C.
June 29, 2012 - March 28, 2013
LASALLE ST SECURITIES, L.L.C.
March 6, 2009 - June 29, 2012
BROKERSXPRESS LLC
March 5, 2009 - June 29, 2012
BROKERSXPRESS LLC
January 22, 2007 - July 7, 2009
USF ADVISORS, LLC
January 19, 2007 - March 24, 2009
USF SECURITIES, L.P.
July 6, 2005 - January 23, 2007
CHASE INVESTMENT SERVICES CORP.
July 6, 2005 - January 23, 2007
CHASE INVESTMENT SERVICES CORP.
March 22, 2005 - July 6, 2005
BANC ONE SECURITIES CORPORATION
March 21, 2005 - July 6, 2005
BANC ONE SECURITIES CORPORATION
September 9, 2004 - March 15, 2005
WATERSTONE FINANCIAL GROUP, INC.
July 17, 2002 - September 1, 2004
BANC ONE SECURITIES CORPORATION
July 17, 2002 - September 1, 2004
BANC ONE SECURITIES CORPORATION
August 31, 2001 - July 31, 2002
A. G. EDWARDS & SONS, INC.
August 20, 2001 - July 31, 2002
A. G. EDWARDS & SONS, INC.
July 26, 2000 - July 26, 2001
DREHER & ASSOCIATES, INC.
March 25, 1993 - July 3, 2000
CHARLES SCHWAB & CO., INC.
December 22, 1992 - February 24, 1993
REYNOLDS KENDRICK STRATTON, INC.
Primary Firm SEC Registration
PRIVATE ADVISOR GROUP, LLC
CRD#: 155216 / SEC#: 801-72060
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
Highlighted states indicate IAR registrations
(9/30/2020)
Exams
Current Firm
PRIVATE ADVISOR GROUP, LLC
CRD#: 155216 / SEC#: 801-72060
Contact information
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 137,723 |
| AUM (Assets Under Management) | $ 41,370,460,253 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
