Freed Investment Group, LLC (Boston)

Freed Investment Group, LLC is a large advisory firm based in Boston. It manages $133.8 million of regulatory assets for 234 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Massachusetts.

Freed Investment Group provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Freed Investment Group: assets under management

The assets under management (AUM) of Freed Investment Group, LLC is $133.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $133.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $571.8 thousand each.

Freed Investment Group has custody of $28.24 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Freed Investment Group, LLC for their services and products based on a percentage of assets under management. 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 Freed Investment Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Freed Investment Group is high net worth individuals with 44 clients and $117.65 million of assets under management. Among the 9 most similar advisory firms, Freed Investment Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $133.8 million for 82 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.

Freed Investment Group doesn't advise any private funds.

Careers at Freed Investment Group, LLC

The company employs 5 people that are either part- or full-time employees. 60 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Freed	Chief compliance officer & member	1 Apr 2006	50% - 75%	4391700
Dennis Joseph Encarnation	Member	1 Mar 2016	50% - 75%	6448218

Based in Boston

The principal office where Freed Investment Group, LLC performs its advisory services is located at 136 Marlborough Street, Boston, MA 02216 The mailing address of the firm is Po 170666, Boston, MA 02117. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 6177848513. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.