J.P. Marvel Investment Advisors, Inc. (Boston)

Name: J.P. Marvel Investment Advisors, Inc.
Address: 265 Franklin Street, Boston, MA, 02110
Telephone: 617-342-5600

J.P. Marvel Investment Advisors, Inc. is a large advisory firm based in Boston. It manages $352.96 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Massachusetts, and Texas.

J.P. Marvel Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

J.P. Marvel Investment Advisors: assets under management

The assets under management (AUM) of J.P. Marvel Investment Advisors, Inc. is $352.96 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $352.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.66 million each.

J.P. Marvel Investment Advisors has custody of $352.96 million in cash and securities for 53 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay J.P. Marvel Investment Advisors, Inc. for their services and products based on a percentage of assets under management and performance-based 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 Joseph Francis Patton serves?

The only and largest group of clients of Joseph Francis Patton is high net worth individuals with 52 clients and $352.71 million of assets under management. Among the 7 most similar advisory firms, J.P. Marvel Investment Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $352.71 million for 52 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

J.P. Marvel Investment Advisors doesn't advise any private funds.

Careers at J.P. Marvel Investment Advisors, Inc.

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Joseph Francis Patton has been acting as President since 1 May 2007. Joan Helen Patton joined the executive team most recently as the Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Francis Patton	President	1 May 2007	75% - 100%	358081
Robert Trent Stephenson	Chief compliance officer	1 May 2007	Other	2398317
Joel Manuel Roberts	Chief operating officer	1 Oct 2007	Other	6235292
David John Mccaffrey	Chief compliance officer	1 Jan 2008	Other	5485647
Robert Ormand Clemens	Chief compliance officer	1 Jan 2008	Other	5485647
David Macaffrey	Chief compliance officer	1 Jan 2008	Other	5485647
Joan Helen Patton	Secretary	1 Dec 2013	Other	6318878

Based in Boston

The principal office where J.P. Marvel Investment Advisors, Inc. performs its advisory services is located at 265 Franklin Street, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-342-5600 or by fax 617-342-5601. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at jpmarvel.com.