About
Built by an operator who saw the gap firsthand.
HMG is a one-person firm by design. The architecture is institutional. The relationship is direct.
Dan Fink founded Hilltop Management Group after years inside the mid-market sponsor stack — watching capital sit idle in operating-bank sweep accounts while equivalent balances at a megafund earned several additional points of annualized yield with no operational tradeoff.
The fix is not novel. Apollo, KKR, and Blackstone built treasury infrastructure decades ago. The reason it has not historically reached mid-market sponsors is access — Schwab Institutional custody, an SEC-registered RIA fiduciary structure, and the operational layer that ties them together were not packaged for funds below the megamanager scale. HMG packages them.
HMG operates from Milwaukee. Capital is custodied at Charles Schwab Institutional in your LPs' own names. Discretionary advisory authority sits with our SEC-registered RIA partner — a full fiduciary, not a referral arrangement. Dan holds every client relationship directly, from first contact through live yield.
The fiduciary structure
Two firms. Two roles. One platform.
HMG provides the operational treasury layer — the platform, the LP onboarding, the reporting cadence, the day-to-day capital positioning workflow. HMG is not itself a registered investment adviser.
Discretionary advisory authority over LP capital sits with our SEC-registered RIA partner. The RIA holds full fiduciary responsibility for the investment decisions made on the platform — same standard applied to every other RIA-managed account at Schwab Institutional.
Capital is custodied at Charles Schwab Institutional in your LPs' own names (or LLC, trust, or other entity structure each LP elects). HMG never holds custody. The RIA never holds custody. The LP holds the asset; Schwab holds the security.
The principle
If you're evaluating HMG, you're talking to Dan.
There is no junior-team handoff. There is no analyst between you and the work. The first call is with Dan, the proposal is from Dan, the integration is run by Dan, and the quarterly review is from Dan. The firm is intentionally one operator deep — that is the product, not a constraint.