Item 1. Introduction 

HAMEL ASSOCIATES, INC. (“Hamel Associates”) is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser and provides advisory services for a fee rather than for brokerage commissions. Brokerage and investment advisory services and the fees associated with them differ and it is important for the retail investor to understand these differences. Each Form CRS includes “Conversation Starters” that you are encouraged to ask your financial professional. Free and simple tools are available to research firms and financial professionals at investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

 CONVERSATION STARTERS:

• Given my financial situation, should I choose an investment advisory service? Why or why not?

• How will you choose investments to recommend to me?

• What is your relevant experience, including licenses, education, and other qualifications? What do these qualifications mean?

Item 2. Relationships and Services

What investment services and advice can you provide me? Description of Services:  We develop investment portfolios focused on meeting each client’s stated goals and objectives. We ordinarily design portfolios containing a mixture of dividend paying stocks with strong balance sheets and cash flow, and government and/or investment grade corporate bonds. These holdings may consist of individual stocks, bonds, or securities held indirectly for mutual funds or exchange traded funds. We may also recommend investments in high yield bonds, precious metals, commodities, and other alternative investments. Additionally, we may introduce various private equity, venture capital, and real estate opportunities to our very high net worth clients and may also review similar opportunities at the client’s request. We also provide financial planning services to certain clients based on the terms of our engagement which may or may not involve the payment of an additional fee. These services are designed to develop an overall financial plan for clients. We review various areas of financial planning, including income tax planning, cash management, investments, insurance, employee benefits, debt management, and estate planning.  Item 4, Form ADV 2A Brochure.  To get started, Services begin after our client and Hamel Associates have executed the client agreement. Please be sure to read our Form ADV 2 Brochures and carefully consider if our services are right for you. 

Investment Authority: We normally manage accounts on a discretionary basis. You will authorize Hamel Associates to exercise discretionary trading authority over your account which means Hamel Associates can buy and sell investments on your behalf. We exercise limited discretion consistent with the stated investment objectives and limitations set by our client. We may agree to manage accounts on a non-discretionary basis which means the client makes the ultimate decision regarding the purchase and/or sale of the client’s investments. Hamel Associates will not hold full power of attorney, nor will we have authority to withdraw funds or securities other than the deduction of our contractually agreed management fees via your custodian (with your authorization). You retain the authority to vote proxies. 

Monitoring: Our registered personnel monitor client accounts under the direction of Hamel Associates’ chief compliance officer. We monitor underlying investments on a continuous basis. Investor accounts are internally monitored no less than quarterly to help ensure the investments continue to appropriately align to the client’s designed investment strategy.  It is therefore important that clients promptly notice Hamel Associates to discuss potential or actual changes in their financial condition, objectives, and to give the client and Hamel Associates an opportunity to review the new information and potentially adjust the designed  strategy. Items 13, 16 & 17, Form ADV 2A Brochure.  

Limited Investment Offerings: Hamel Associates is an independent Adviser, is not limited to certain types of investments, and we do not offer proprietary investment products. Investments: As noted above, Hamel Associates primarily utilizes individual stocks, bonds, or securities held indirectly in mutual funds or exchange traded funds. We may also recommend investments in high yield bonds, precious metals, commodities, and other alternative investments. Additionally, we may introduce various private equity, venture capital, and real estate opportunities to our very high net worth clients and may also review similar opportunities at the client’s request. 

Account Minimums, Other Requirements and Additional Information: We do not mandate that clients maintain a minimum account balance to retain our services, however our typical client has managed assets in excess of $1 million. Items 4, 7 & 8, Form ADV 2A Brochure. Education and industry experience data for our registered personnel is found in our Form ADV 2B Brochures.

 CONVERSATION STARTERS:

• How else does your firm make money and what conflicts of interest do you have?

• 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?

• What other fees might I incur?

• What are your legal obligations to me when acting as my investment adviser?

• How might your conflicts of interest affect me, and how will you address them?

Item 3. Fees, Costs, Conflicts, and Standard of Conduct

What fees will I pay? Description of Principal Fees and Costs: Hamel Associates is only compensated via management fees paid by clients as established in the Hamel Associates client agreement. These are invoiced quarterly in arrears based on your account’s balance on the last trading day of the preceding quarter, as determined by your custodian. Based on the amount of assets under management, the fee is negotiable and may alternatively involve a fixed annual fee. Fees are pro-rated if services begin at any time other than the beginning of a calendar quarter. Item 5.A, Form ADV 2A Brochure.

Description of Other Fees and Costs: Clients are responsible for third-party fees associated with financial and investing activities which vary depending upon services utilized, products purchased and sold, and other factors. Clients may pay transaction fees and brokerage commissions to their brokerage firm, and fees associated with their accounts (e.g., transfer fees, termination costs, wire transfer fees, retirement plan and/or trust fees, possible deferred sales charges on assets transferred from other brokers, odd lot differentials, and other fees, as well as taxes). Fees and expenses charged to shareholders of exchange-traded and mutual fund shares are exclusive of and in addition to Hamel Associates’ fees. We do not receive any portion of these fees. Item 5.C, Form ADV 2A Brochure. Important: You will pay fees and costs whether you make or lose money on your investments and these will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. 

What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?  When we act as your investment adviser, we have to act in your best interest and not put our interests 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 the following conflicts because they can affect our recommendations: 1) Our registered personnel will naturally recommend Hamel Associates’ services. 2) Since our fee is based on a percentage of managed assets, you pay more fees when additional funds are added to your account; thus, Hamel Associates has an incentive to encourage clients to increase the assets in their accounts and rely on us for continued services. 3) Our investment adviser representatives may receive bonuses based on the overall profitability of the firm, so they will be inclined to recommend that you add additional assets to your managed account. 4) We recommend our preferred unaffiliated custodian since their services support our program. Items 5 and 12.A Form ADV 2A Brochure  How do your financial professionals make money? In addition to salary, our registered personnel earn bonuses based on the overall profitability of the firm. Therefore, an increase in managed assets could increase the profitability of the firm as a whole which could increase the amount of their individual bonuses. Hamel Associates and its registered personnel are not engaged in any other business activities and do not receive compensation from any third party, directly or indirectly. Items 10.C, Form ADV 2A and ADV 2B Brochures

 CONVERSATION STARTER:

• Do you or your financial professionals have legal or disciplinary history? If yes, for what type of issue or conduct?

Item 4. Disciplinary History 

No. Hamel Associates, its owners, and its registered personnel do not have legal or disciplinary histories. A free and simple search tool is available at investor.gov/CRS if you would like to search our firm, our registered personnel, or another financial service provider.

CONVERSATION STARTERS:

• ​Who is my primary contact person? Are they a registered with an investment adviser or a broker-dealer?

• Who can I talk to if I have concerns about how a personnel member treats me?

Item 5. Additional Information 

If you would like additional information about our services, you have a concern, or  would like a copy of this CRS or our Form ADV 2 Brochures, please contact us at inquires@hamelassociates.com or (973) 665-1400. Our website is: Hamelassociatesinc.com. You can also view these materials at www.adviserinfo.sec.gov  Hamel Associates’ CRD number is: 107128.