Hillview Capital Advisors, LLC is a premier provider of financial advisory services to wealth creators, their families, and foundations. Since our founding, we have been leaders in employing an open architecture approach to financial management. We provide a full range of capabilities associated with a dedicated family office, as well as the benefits associated with a large wealth management firm.

Scaled to deliver a differentiated client experience, the firm is focused on providing comprehensive wealth management solutions that are objective, free of conflict and customized to the individual needs and aspirations of each client.


Wealth Management

Hillview provides a full range of capabilities associated with a dedicated family office. One of our differentiating characteristics in the industry is our approach to creating customized solutions for clients.

Our focus on the delivery of holistic planning services—a deep understanding of a… Read more…

Outsourced CIO

At Hillview, we understand the investment challenges that face institutional clients. For almost two decades, we have offered foundations and endowments customized asset management solutions that are aligned with each organization’s unique mission, performance objectives and management… Read more…

Philanthropic Advisory Service

At Hillview, we engage our clients in value-based conversations about philanthropy early on in our relationship. This is to clearly understand their intentions, assess all available options, analyze the benefits and potentials of each element, and finally create a custom-tailored plan… Read more…


Hillview’s investment philosophy represents the “Triumph of Common Sense” in a crowded and challenging investment environment, where we consistently pursue what is in the best interests of our clients. The firm combines the research and analytical strengths of a high quality institution with… Read more…

Our investment team employs a multi-disciplinary approach in its decision-making process. We analyze a broad range of asset classes and  strategies, and develop forward looking projections of risk and return across a number of potential scenarios. Those which appear most attractive and positively… Read more…

Our primary objective is to avoid permanent impairment of capital. We employ proprietary tools to estimate, measure, and manage risk across portfolios. These tools were developed by our investment team in order to specifically address the unique challenges of managing multi-asset portfolios…. Read more…

From its beginnings, Hillview employed a business model rooted in client-centricity – it is embedded deep within the every fabric of our firm’s governance, management practices and compensation structures.

The firm’s high employee-to-client ratio helps to provide a dedicated, diligent… Read more…


David M. Spungen

Chief Executive Officer

He is responsible for formulation and oversight of the firm's investment policy and implementation of client portfolios. Additionally, Mr. Spungen manages the firm's asset allocation optimization, portfolio construction, manager selection and monitoring efforts. He has more than 25 years of investment experience covering a broad spectrum of capital markets investing and extensive experience in providing independent, objective advice to wealthy individuals and families.

Prior to founding Hillview Capital Advisors, Mr. Spungen was the founder of the Capital Management Division of CMS Companies in 1989, where he also served as a principal from 1995-1999. Mr. Spungen was previously an Associate with Ryan, Beck & Company. He served as a Director of M Funds, Inc., M Financial Investment Advisors, and Hirtle Callaghan Trust. He is currently a Member of the Board and is Co-Chairman of the Outreach Committee at The Child Center of NY.

Mr. Spungen holds a B.A. from University of Pennsylvania.

Jonathan J. Hochberg


He is responsible for management of the firm, including the formulation of strategy and management of client relationships. Additionally, he coordinates the firm's relationships with legal, tax and insurance professionals. Mr. Hochberg is a member of the firm's Investment Committee. He has more than 25 years of investment experience in a variety of traditional and alternative investment strategies, and extensive experience advising wealthy individuals and families in a broad array of areas, including: estate, tax, insurance planning and charitable giving strategies.

Prior to joining Hillview Capital Advisors, Mr. Hochberg was Managing Director of M.D. Sass Investors Services, Inc.  He was previously Managing Director of the Private Equity Group at CIBC World Markets Corp. He began his career as a Loan Officer with National Westminster Bank PLC and then joined a New York-based certified public accounting firm, where he was Director of Management Advisory Services.

Mr. Hochberg is a member of the Board of Trustees and serves as Chairman of the Investment Committee of The Jewish Home and Hospital Lifecare System. He is a member of the Board of Directors of the Jewish Institute for National Security Affairs (JINSA) and the Federal Enforcement Homeland Security Foundation. He serves on the Board of Advisors of the George Washington University School of Business and Fuel for Truth. He is a member of U.J.A. Federation's Investment Advisors Division, Variety - The Children's Charity Wall Street Division.

Mr. Hochberg holds an M.B.A. in Finance from The Leonard N. Stern School of Business at New York University and a B.B.A. in Accounting from The George Washington University.

James F. Madden

Managing Director, Wealth Advisory Services

He is responsible for managing Hillview’s client service area, client relationships and marketing strategies. Mr. Madden is a member of the firm’s Policies and Operations Committee.

Prior to joining Hillview Capital Advisors in 2001, Mr. Madden was a Senior Associate and Client Relationship Manager for CMS Companies from 1995 to 2000. In addition, Mr. Madden served as Corporate Leader for CoreStates Bank from 1992 to 1995 and was an Accountant for the Vanguard Group from 1985 to 1987. He is currently a board member of the Anti-Violence Partnership of Philadelphia, HelpHopeLive (formerly the NTAF), and Luv4Logan.

Mr. Madden holds an M.B.A from the University of Georgia and a B.A. from Wake Forest University.

Lizanne Kelly

Partner, Chief Financial Officer

She is responsible for managing the accounting, finance and internal control functions of the firm.

Prior to joining Hillview Capital Advisors in 2003, Ms. Kelly had more than 10 years of financial and accounting experience. Most recently, Ms. Kelly spent four years at a large Philadelphia-based institution, becoming the Manager of Financial Reporting. Her main responsibilities while there included supervising a staff of 10 accountants, coordinating financial closings of seven entities on a monthly and annual basis, and functioning as a liaison for senior management.

Ms. Kelly holds an M.B.A. in Finance from Saint Joseph's University and a B.S. in Accounting from the University of Scranton.

Paul Platkin, CFA

Partner, Chief Investment Officer

Mr. Platkin brings more than 20 years of experience as a hands-on investment professional who has managed all aspects of multi-asset portfolios.  His experience, both as an allocator and direct investor, has been global in nature, as well as broad in scope, covering an expansive range of investment strategies and asset classes.

Prior to joining Hillview Capital Advisors in 2016, Mr. Platkin spent 3 years as Chief Investment Officer of Gruss & Co., a substantial single family office located in New York and Florida.  From 2003 through 2012, Mr. Platkin served as Chief Investment Officer of Robeco-Sage Capital Management (subsequently Arden-Sage after it was acquired), a $2 billion multi-strategy hedge fund-of-funds manager.  Mr. Platkin began his financial career at General Motors, where he spent almost a decade working at both the Treasurer’s Office and General Motors Asset Management, the $90 billion pension manager.  Among other responsibilities at the pension fund, Mr. Platkin was responsible for all shorter-term asset allocation activities, as well as setting the longer-term strategic asset allocation mix.

Mr. Platkin holds an M.B.A. in Finance and International Business from Columbia Business School and a B.S.B.A. in Finance from Georgetown University.  Mr. Platkin is also a Chartered Financial Analyst.