Trust Advisory Group Ltd (Woburn)

Name: Trust Advisory Group Ltd
Address: 444 Washington Street, Woburn, MA, 01801
Telephone: 781-933-6100

Trust Advisory Group Ltd is a large advisory firm based in Woburn. It manages $312.11 million of regulatory assets for 1,365 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 25 other states.

Trust Advisory Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Trust Advisory Group: assets under management

The assets under management (AUM) of Trust Advisory Group Ltd is $312.11 million. The firm's AUM has grown by 104% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $304.3 million in discretionary accounts and $7.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $236.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $97.67 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trust Advisory Group Ltd for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stephen Charles Olsson serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Stephen Charles Olsson is individuals with 1,005 clients and $175.43 million of assets under management. Among the 8 most similar advisory firms, Trust Advisory Group has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $312.11 million for 1,365 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.

Trust Advisory Group doesn't advise any private funds.

Careers at Trust Advisory Group Ltd

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 3 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 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.

Stephen Charles Olsson has been acting as President since 1 Mar 1994. Robert Kelly joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Charles Olsson	President	1 Mar 1994	75% - 100%	857922
Stephen Charles Olsson	Chief compliance officer	1 Jul 1994	75% - 100%	857922
William Henry Mccance	Chief operating officer	1 Dec 1999	Other	1382957
Inc. Tag Group	Owner	1 Oct 2007	75% - 100%	26-0250908
William Henry Mccance	Chief compliance officer	1 Oct 2007	Other	1382957
Susan Marie Lemoine	Principal	1 Oct 2007	Other	858856
Robert Kelly	Cco	1 Sep 2019	Other	5899947

Based in Woburn

The principal office where Trust Advisory Group Ltd performs its advisory services is located at 444 Washington Street, Woburn, MA 01801, which is also the mailing address of the firm. An additional office of the firm is in Warwick, RI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-933-6100 or by fax 781-933-6101. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at trustadvisorygroup.com.