# Hughes Financial Services

Hughes Financial Services is a Bank / Wealth / Trust based in Herndon, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Herndon, United States
- **Region:** North America
- **Address:** Herndon, VA, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** http://www.hughescapitalmanagement.com
- **LinkedIn:** https://www.linkedin.com/company/hughes-financial-services-llc_2

## Regulatory record

- **CRD number:** 173195
- **SEC file number:** 801-80866
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/173195

## About

Hughes Financial Services is an SEC-registered investment adviser in Herndon, VA, registered since 2015. The firm manages $760 million in assets, $748 million on a discretionary basis. It has 12 employees and 6 investment advisers.

## Questions

### What fiduciary powers does Hughes Financial Services hold?

Structured as a bank-affiliated trust company, Hughes Financial Services holds chartered trust powers in Virginia. This permits the firm to act as a corporate trustee, executor, or guardian with court-accountable fiduciary duties. The charter allows perpetual existence as a trustee, distinguishing it from individual fiduciaries or unregulated advisors.

### Does Hughes Financial Services manage proprietary investment products?

No. There is no public record of proprietary mutual funds, ETFs, or commingled vehicles operated by the firm. Its investment approach uses third-party strategies — including separately managed accounts, mutual funds, and individual securities — selected to meet the specific objectives of trust and wealth management clients.

### How is Hughes Financial Services compensated?

As a chartered trust company and wealth manager, compensation is generally fee-based, derived from a percentage of assets under administration, trust administration fees, and estate settlement services. The firm operates under a fiduciary standard, meaning fee structures are designed to align with client interests rather than transaction-based commissions.

### What does the 'Trust' designation mean for a client relationship?

When Hughes Financial Services acts as a corporate trustee, it assumes legal title to trust assets and administers them strictly according to the trust document. This includes investment management, tax filings, beneficiary distributions, and court accountings. The firm's ongoing existence as an institution provides continuity that an individual trustee cannot guarantee.

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- [Hudson-Webber Foundation](https://altss.com/profile/hudson-webber-foundation)
- [Hughes Warren](https://altss.com/profile/hughes-warren)

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Last updated: 2026-08-10T19:36:47.593Z

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