Andrew Hill Investment Advisors, Inc. (“AHIA”) maintains a Business Continuity and Succession Plan (“BCP”) that has been developed with the goal of protecting the health and safety of our employees and maintaining continuity of service for our clients. Our Plan is designed to ensure that we are prepared to operate through significant business disruptions, so that our clients can access their accounts without significant interruption under most circumstances.
Key elements of our BCP include the following:
If your account requires servicing during a significant business disruption and we are unable to assist you, please call Fidelity Investments at 1-800-523-1203 and a dedicated team member will be able to assist you. It is impossible for us to anticipate every potential problem that may occur, but we believe our BCP will enable us to conduct business in the event of a variety of possible business disruptions. We review and test our BCP at least annually and it is subject to modification based on changing circumstances and assessment of need.
As a fiduciary, AHIA has certain legal obligations, including the obligation to act in client’s best interest. AHIA seeks to avoid a disruption of service to clients in the event of an unforeseen loss of key personnel, due to disability or death. AHIA can provide additional information to any current or prospective client upon request to Andrew D.W. Hill, President at 239-450-3999 or [email protected].
Andrew Hill Investment Advisors, Inc. (“AHIA”) believes it is essential that we maintain the privacy of the nonpublic personal information provided to us and that we obtain in connection with providing our products and services to clients. AHIA views protecting its customers’ private information as a top priority subject to the requirements of the Federal Gramm-Leach-Bliley Act. AHIA has instituted policies and procedures to ensure that client information is kept private and secure.
AHIA limits the use, collection, and retention of such information to what we believe is necessary or useful to conduct our business and to provide and offer clients quality products and services, as well as other opportunities that may be of interest. Information collected may include, but is not limited to name, address, telephone number, tax identification number, date of birth, employment status, annual income, and net worth.
In providing products and services, we collect nonpublic personal information about our clients from the following sources:
AHIA does not disclose any nonpublic personal information about its clients or former clients to any non-affiliated third parties, except as permitted by law. While servicing a clients’ account, AHIA may share some information with its service providers, such as transfer agents, custodians, broker-dealers, accountants and lawyers. Additionally, we will share such information where required by legal or judicial process, such as a court order, or otherwise to the extent permitted under the federal privacy laws.
AHIA restricts internal access to nonpublic personal information about clients to those associated persons of AHIA who need to access that information to provide services. As emphasized above, it has always been and will always be AHIA’s policy never to sell information about current or former clients or their accounts to anyone. It is also AHIA’s policy not to share information unless required to process a transaction, at the request of a customer, or required by law.
AHIA places strict limits on who receives specific information about client account(s) and other personally identifiable data. As a rule, we do not disclose nonpublic personal information we collect to others. However, because we rely on certain third parties for services that enable us to provide our advisory services to clients, such as our attorneys, auditors, other consultants, brokers, and custodians who, in the ordinary course of providing their services to us, may require access to information, we may share nonpublic personal information with such third parties.
AHIA may also disclose such information to others upon a client’s written instructions. Such written instructions may be amended, and/or rescinded at any time in writing. If a client prefers that we not disclose confidential personal information about them to non-affiliated third parties who provide a product or service that we feel would benefit them, the client may direct us not to make disclosures to such non-affiliated third parties via an opt-out provision. We restrict access to nonpublic personal information about clients to those persons associated with AHIA, who need access to such information in order to provide our products or services to clients. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard clients’ nonpublic personal information. If a client decides to close his/her account(s) or become an inactive customer, we will adhere to the privacy policies and practices as described in this notice.
AHIA reserves the right to change these Privacy Principles, and any of the policies or procedures described above, at any time without prior notice. However, clients will be promptly provided with a current copy of our privacy notice upon material changes or upon request. Active clients will receive a current copy of our privacy notice at least annually. These Privacy Principles are for general guidance and do not constitute a contract or create legal rights, and do not modify or amend any agreements. If you have questions about this privacy policy, or if you wish to amend or rescind your written instructions with us at any time, please call us at (239) 777-3188.
President & Co-Founder
Andrew (“Andy”) D.W. Hill has more than 30 years of portfolio management experience. He currently serves as the President of Andrew Hill Investment Advisors, a Naples-based boutique investment advisory firm that he co-founded in 2009 with long-time business partner Jennifer Figurelli. Since its inception, the firm has steadily grown to more than $220 million in client assets under management.
Prior to forming his own firm, Andy was a Senior Portfolio Manager and regional Chief Investment Officer with two regional Trust banks. While working at both institutions, Andy served in various nationwide investment strategy capacities, including forming asset allocation recommendations and political research.
Andy holds an MBA from Syracuse University and a Bachelor of Science degree from Canisius University and has earned the Chartered Financial Analyst (CFA) designation. He is a Past President of the Chartered Financial Analysts Society of Naples. Andy has been honored with induction into the Sigma Beta Delta International Honor Society and induction into the Canisius University DiGamma Honor Society.
Frequently interviewed by the media on the financial markets, Andy’s comments are often quoted in Investor’s Business Daily, Naples Daily News and Fort Myers News-Press. He also has appeared on CNBC and FOX.
In addition to his responsibilities with Andrew Hill Investment Advisors, Andy is a frequent speaker on sustainable investing strategies. In 2023, he was re-appointed by Governor Ron DeSantis to serve on the Big Cypress Basin Board. Andy also currently serves as officer of the Executive Finance Committee of the Greater Naples Chamber of Commerce.
Andy is married to Dr. Susan M. Liberski and they have a German Shepherd dog, “Ranger”. In his spare time, Andy enjoys spending time with family, playing hockey, fishing on his boat and relaxing at his second home in Chokoloskee, Florida.
Co-Founder & Managing Director
Jennifer R. Figurelli, CTFA, has more than 25 years of experience in Trust and Estate Administration. She currently serves the Managing Director of Andrew Hill Investment Advisors, Inc., a Naples-based boutique investment advisory firm that she co-founded in 2009 with long-time business partner Andrew Hill. Since its inception the firm has steady grown to more than $220 million in client assets under management.
Prior to forming the firm, Jennifer was a Vice President and Senior Trust Officer with a national Trust bank. A native Floridian, Jennifer has lived in Naples since 1976. She has significant experience working with individuals who are undergoing a transition, such as retirement, death of a spouse or loved one, divorce, college expense planning, and special needs situations.
Jennifer received her Bachelor of Arts degree in Business Administration from Florida Southern College and holds a Legal Assistants Certificate from Florida Atlantic University. She is a graduate of the Florida Bankers Association Graduate Trust School and has earned the Certified Trust and Fiduciary Advisor (CTFA) designation. Figurelli also is a licensed Investment Advisor Representative in the State of Florida (Series 65).
Outside of her responsibilities with Andrew Hill Investment Advisors, Jennifer is actively involved in her community. She has volunteered with various organizations, including The David Lawrence Foundation, Youth Haven, Habitat for Humanity, Ave Maria University and St. Peter the Apostle Catholic Church. Currently, she serves on the Board of Directors for Trinity Life Foundation of Naples, Inc. and is a Committee Member for Southwest Florida Council of Boy Scouts of America in Troop 165. Jennifer also is a graduate of the Greater Naples Chamber of Commerce’s Leadership Collier Class of 2015.
Jennifer has been married to Michael Figurelli for 20 years and they have two children, Dante and Ginger, as well as a Shih-Poo dog “Popeye” and a domestic cat “Lovey “Dovey”. In her spare time, Jennifer enjoys spending as much time as possible exploring the great outdoors.
Elicha Moore joined Andrew Hill Investment Advisors in July 2017, bringing several years of professional experience to the financial firm. Most recently, she served as an office manager at Cinnabar Design. Previously, she worked as an administrative associate at Leo Jr. Landscaping, as an executive assistant at La Mer and as an administrative assistant at Taylored Food Concepts in Champaign, Illinois.
Associate Portfolio Manager
Sean is an Associate Portfolio Manager & a registered Investment Adviser Representative (IAR) with AHIA, providing investment advisory services in New York and Florida.
He supports client portfolios through in-depth research on equities, fixed income securities, & market trends, working closely with the firm’s President on portfolio strategy & implementation.
Sean earned both his Bachelor’s degree in Finance (2023) & MBA (2024) from Canisius University, where he developed his passion for investing through the prestigious Golden Griffin Fund — a student-managed investment portfolio recognized globally for its hands-on training in equity analysis.
Before joining AHIA full time in the Spring of 2024, Sean worked part time as a Research Analyst with the firm throughout his MBA program. In his current role, he also contributes to the financial planning process & maintains regular communication with clients.
Financial Markets Bit by Bitcoin Bear Market
Stocks peaked in early October, and since then, have been trending lower. Generally, the economy and corporate earnings have been growing. Nvidia, the largest company by market capitalization, reported sales gains of 62% and a better-than-expected outlook last night. The report showed an acceleration in growth and no signs of pending problems. Leading technology stocks do not appear to be the culprit of the decline of stocks, rather the problem asset class may be cryptocurrencies.
Bitcoin and its related crypto currencies have been dropping rapidly this week. Reports are emerging of forced selling of Bitcoin. Leveraged Bitcoin investors who use borrowed funds to increase their returns are being forced to sell. Bitcoin has lost +10% this week and +30% from its recent high. Declines of this magnitude typically have a snowball effect, as many investors now have a negative return on their position. Since cryptocurrencies are highly speculative assets, the decline has been spilling over to other markets, especially the “riskiest” stocks.
Technology stocks have been declining recently, although the AI investment shows no sign of slowing. However, the souring sentiment toward growth investing and the sharing of technology equipment and energy needs between AI and crypto mining, is enough to lead investors to sell.
Recently, we have reallocated a portion of our portfolio by shifting funds from growth-oriented holdings to investments in the Healthcare sector and other defensive companies, such as Deere. Over the past year, generally, most portfolios have materially lowered exposure to equities in favor of bonds and gold. Our favorite asset class remains tax free municipal bonds based on potential returns relative to risk.
Once the crypto markets problems are contained, it is possible that equities will begin a year-end rally. Until then, we would like to remind clients that equities are long-term investments (5-year or longer). Funds needed in the next few years are invested in boring bonds that are doing just fine.
OUR TEAM
Andrew “Andy”
D. W. Hill, CFA
President and
Co-Founder
Jennifer R.
Figurelli, CTFA
Managing Director
and Co-Founder
Elicha D.
Moore
Client Concierge
Representative
Sean
O'Brien
Associate
Portfolio Manager