Baxter Brothers Inc. (Riverside)

Name: Baxter Brothers Inc.
Address: 1030 East Putnam Avenue, Riverside, CT, 06878
Telephone: 203-637-4559

Baxter Brothers Inc. is a large advisory firm based in Riverside. It manages $495.13 million of regulatory assets for 791 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

Baxter Brothers provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Baxter Brothers: assets under management

The assets under management (AUM) of Baxter Brothers Inc. is $495.13 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 154% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $495.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $625.95 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Baxter Brothers Inc. 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 Baxter Brothers serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Baxter Brothers is high net worth individuals with 234 clients and $426.4 million of assets under management. Among the 11 most similar advisory firms, Baxter Brothers has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $495.13 million for 423 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.

Baxter Brothers doesn't advise any private funds.

Careers at Baxter Brothers Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Joseph Baxter	Ceo,cfo, dir.	1 Apr 1959	50% - 75%	4341388
William Joseph Baxter	President, secty, treas	1 Jan 1989	50% - 75%	1827361
Jacqueline Spencer Baxter	Shareholder	1 Jan 1997	Other	4341392
Gregg Richard Evangelist	General counsel	1 Jan 2003	Other	4631722
John C Baxter	Shareholder	1 Jan 2006	Other	4136822
John C Baxter	Chief compliance officer	1 Mar 2009	25% - 50%	4136822

Based in Riverside

The principal office where Baxter Brothers Inc. performs its advisory services is located at 1030 East Putnam Avenue, Riverside, CT 06878, 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 203-637-4559 or by fax 203-637-9652. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at baxterinvestment.com.