Winthrop Advisory Group, LLC (Boston)

Name: Winthrop Advisory Group, LLC
Address: 109 State Street, Boston, MA, 02109
Telephone: 617-530-1010

Winthrop Advisory Group, LLC is a large advisory firm based in Boston. It manages $1.06 billion of regulatory assets for 1,422 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Connecticut, and 11 other states.

Winthrop 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 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Winthrop Advisory Group: assets under management

The assets under management (AUM) of Winthrop Advisory Group, LLC is $1.06 billion. The firm's AUM has grown by 4% since the beginning of its operation, and $2.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.06 billion in discretionary accounts and $1.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $745.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Winthrop Advisory Group, LLC for their services and products based on a percentage of assets under management 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 Winthrop Advisory Group 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 Winthrop Advisory Group is high net worth individuals with 230 clients and $811.28 million of assets under management. Among the 7 most similar advisory firms, Winthrop Advisory Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.06 billion for 647 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.

Winthrop Advisory Group doesn't advise any private funds.

Careers at Winthrop Advisory Group, LLC

The company employs 19 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. No 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.

Ppc Richard Charles St. Onge joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael G. Banchick	Chief technology officer	1 Jan 2017	Other	6738666
Ppc Richard Charles St. Onge	Chief compliance officer	1 Apr 2017	Other	4643907
Mark Steven Winthrop	Managing member	1 Apr 2017	50% - 75%	1351181
Aif Earl Bryan Winthrop	Managing member	1 Apr 2017	25% - 50%	1257625
Lucas Alexander Winthrop	Chief operating officer	1 Apr 2017	Other	6173661
Max Gustav Winthrop	Chief executive officer	1 Apr 2017	Other	5972623

Based in Boston

The principal office where Winthrop Advisory Group, LLC performs its advisory services is located at 109 State Street, Boston, MA 02109, which is also the mailing address of the firm. An additional office of the firm is in Stratham, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-530-1010 or by fax 857-265-2382. The normal business hours are 8:30am - 6:00pm on Monday - Friday. You can find more information about the New York firm at winthropwealth.com.