Derby And Company Inc (Newton)

Name: Derby And Company Inc
Address: 7 Wells Avenue, Newton, MA, 02459
Telephone: 617-527-8900

Derby And Company Inc is a large advisory firm based in Newton. It manages $529.92 million of regulatory assets for 832 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

Derby And Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Derby And Company: assets under management

The assets under management (AUM) of Derby And Company Inc is $529.92 million. The firm's AUM has grown by 15% since the beginning of its operation, and $661.32 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $528.37 million in discretionary accounts and $1.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $635.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.54 million.

Derby And Company has custody of $165.63 million in cash and securities for 109 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is state and local bonds, which make up 24% of the firm’s portfolio. Investments in pooled investment vehicles form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Derby And Company Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Burton H. Derby serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Burton H. Derby is high net worth individuals with 167 clients and $355.62 million of assets under management. Among the 7 most similar advisory firms, Derby And Company has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $525.62 million for 394 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Derby And Company also advises several private funds. Namely, one hedge fund and four real estate funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $500,000.

Careers at Derby And Company Inc

The company employs 13 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Burton H. Derby has been acting as President since 1 Dec 1986. Allison M Vicentini joined the executive team most recently as the Director Of Financial And Retirement Planning.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Burton H. Derby	President	1 Dec 1986	Other	4347793
Mark Alan Derby	President, ceo	1 Jan 1989	50% - 75%	4347091
Jonathan Jay Derby	Vice president, chief compliance officer	1 Jul 1992	50% - 75%	1542458
Rachel Meri Zibrak	Director of research	1 Dec 2014	Other	3099572
Allison M Vicentini	Director of financial and retirement planning	1 Jun 2015	Other	4046693
Allison O'neill Montgomery	Director of financial and retirement planning	1 Jun 2015	Other	4046693

Based in Newton

The principal office where Derby And Company Inc performs its advisory services is located at 7 Wells Avenue, Newton, MA 02459, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-527-8900 or by fax 617-527-1125. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at derbyco.com.