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Updated September 28, 2026. Quick answer: Hornor, Townsend & Kent is registered with the SEC as an investment adviser (CRD #4031, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run up to $8,750 a year (the published maximum, which the firm says is negotiable) under its published fee schedule. Already a client and thinking about leaving? Budget $150 at Pershing (“Account Termination”). This review covers what its fee brochure and current SEC registration confirm today; this firm also has a fiduciary-status page and minimum-investment page on this site.
Hornor, Townsend & Kent at a glance
| Fact | What Hornor, Townsend & Kent’s own pages say |
|---|---|
| Legal entity | Hornor, Townsend & Kent, LLC |
| Registration | Hornor, Townsend & Kent, LLC is registered with the SEC as an investment adviser (CRD #4031, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | Up to $8,750 a year (the published maximum, which the firm says is negotiable), per its own current brochure |
| Minimum to open an account | See the minimum-investment page for Hornor, Townsend & Kent |
| Cost to leave (exit fee) | $150 at Pershing (“Account Termination”) |
What Hornor, Townsend & Kent’s own fee schedule charges
CRD 4031 independently re-verified ACTIVE/isSECRegistered=Y; HTK is also FINRA-registered as a broker-dealer, but its IA registration is independently active. AUM $8,366,673,353 discretionary and $648,184,403 non-discretionary as of December 31, 2025. Fee shown is for HTK’s Adviser as Portfolio Manager wrap program, the lowest-minimum ($15,000) advisory-fee-only option among HTK’s several wrap programs (others range 1.75%-2.75% with $25,000-plus minimums).
“The total maximum wrap fee is comprised of the program fee plus the fee negotiated between the Adviser and clients. … Adviser as PM Program Fee Minimum Investment Amount Total Maximum Wrap Fee $15,000 1.75%”
Figures apply the Adviser as PM Program’s 1.75% total maximum wrap-fee ceiling as a straight percentage of the account balance, since HTK states this figure already includes both the program fee and the Adviser’s negotiated fee; the disclosed $160 annual minimum fee does not bind at any of these balances.
| Account balance | Annual fee |
|---|---|
| $250,000 | $4,375 |
| $500,000 | $8,750 |
| $1,000,000 | $17,500 |
| $2,000,000 | $35,000 |
See the full breakdown, including how the figure is calculated, on Hornor, Townsend & Kent’s own fee page.
Registration
Hornor, Townsend & Kent, LLC is registered with the SEC as an investment adviser (CRD #4031, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity). For the fiduciary-standard question itself, see the fiduciary-status page for Hornor, Townsend & Kent.
What it costs to leave
Hornor, Townsend & Kent, LLC’s Form ADV Part 2A states “The Investment Advisory Agreement can be terminated by either party upon written notice to the other party.” Hornor, Townsend & Kent, LLC names exactly one custodian in its brochure: Pershing LLC. Pershing LLC’s own published fee schedule states “Account Termination $150.00 per account.”
A dedicated how-to-leave page for Hornor, Townsend & Kent covers the exit costs in full; the general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Wrap Fee Program Brochure (Form ADV Part 2A Appendix 1) (April 24, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042721
- SEC IAPD firm summary (CRD #4031, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/4031
Methodology. This page was built September 28, 2026, drawing directly on Hornor, Townsend & Kent’s own current fee brochure, linked above, and a fresh SEC IAPD registration check run the same day. As of September 28, 2026, this site publishes a fiduciary-status page and a minimum-investment page for Hornor, Townsend & Kent; where the exit-fee page already exists it is linked above and drawn from that already-sourced page. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Hornor, Townsend & Kent’s own Form ADV Part 2A and Form CRS. We have not used Hornor, Townsend & Kent as a client. Hornor, Townsend & Kent did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
What does it take to open an account? See Hornor, Townsend & Kent’s minimum investment, straight from its own Form ADV Part 2A brochure.
Comparing firms? See all 182 advisor firm reviews in one table, with each firm’s type and its fee on a $500,000 account.