Impresa Management LLC (Boston)

Impresa Management LLC is a large advisory firm based in Boston. It manages $9.11 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Massachusetts.

Impresa Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and portfolio management of employees' securities companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Impresa Management: assets under management

The assets under management (AUM) of Impresa Management LLC is $9.11 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 379% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $9.11 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.11 million each.

Impresa Management has custody of $7.33 billion in cash and securities for 45 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 94% of the total AUM. The second-largest asset type is other assets, which make up 6% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Impresa Management LLC 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 Paul L. (Mi Only) Mucci serves?

The only and largest group of clients of Paul L. (Mi Only) Mucci is pooled investment vehicles with 45 clients and $8.83 billion of assets under management. Among the 11 most similar advisory firms, Impresa Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $8.83 billion for 45 clients. 2% of the firm’s clients are foreign persons or businesses.

Impresa Management also advises several private funds. Namely, six private equity funds and twenty four venture capital funds.

Careers at Impresa Management LLC

The company employs 39 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. No 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.

Paul L. (Mi Only) Mucci has been acting as President since 1 Jul 2013. Steven Franklin Schiffman joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Shm Trust 4	Member	1 Jul 2013	Other	38-7074445
Shm Trust 5	Member	1 Jul 2013	Other	38-7074446
Shm Trust 6	Member	1 Jul 2013	Other	38-7074447
Shm Trust 7	Member	1 Jul 2013	Other	38-7074448
Shm Trust 8	Member	1 Jul 2013	Other	38-7074449
Shm Trust 9	Member	1 Jul 2013	Other	38-7074450
Timothy T (Mi Only) Hilton	Director, sole trustee of shm trust 4	1 Jul 2013	Other	4380805
Edward C (Mi Only) Johnson Iv	Director, sole trustee of shm trust 9	1 Jul 2013	Other	5305256
John J (Mi Only) Remondi	Director, sole trustee of shm trust 5	1 Jul 2013	Other	4348172
Abigail P Johnson	Sole trustee of shm trust 7	1 Jul 2013	Other	4340399
James C (Mi Only) Curvey	Sole trustee of shm trust 6	1 Jul 2013	Other	2293087
Elizabeth L (Mi Only) Johnson	Sole trustee of shm trust 8	1 Jul 2013	Other	5499028
Paul L. (Mi Only) Mucci	President	1 Jul 2013	Other	5464737
Matthew Joseph Wick	Treasurer, vice president	1 Jul 2013	Other	4311694
Abigail Pierrepont Johnson	Sole trustee of shm trust 7	1 Jul 2013	Other	4340399
Edward Crosby Johnson Iv	Director, sole trustee of shm trust 6, sole trustee of shm trust 9	1 Jul 2013	25% - 50%	5305256
John Joseph Remondi	Director, sole trustee of shm trust 5	1 Jul 2013	Other	4348172
Elizabeth Livingston Johnson	Sole trustee of shm trust 8	1 Jul 2013	Other	5499028
Linda Jean Wondrack	Chief compliance officer	1 Aug 2013	Other	1589187
Michael D (Mi Only) Gaquin	Compliance officer	1 Aug 2013	Other	5743434
John C (Mi Only) Harding	Compliance officer	1 Oct 2014	Other	5697140
John Christopher Harding	Compliance officer	1 Oct 2014	Other	5697140
B Lane Macdonald	Chief executive officer	1 Apr 2015	Other	2224770
Harris G Komishane	Chief financial officer	1 Apr 2015	Other	5225050
Bradley Lane Macdonald	President, director	1 Apr 2015	Other	2224770
Harris Gregg Komishane	Chief financial officer	1 Apr 2015	Other	5225050
B Lane Macdonald	President	1 Mar 2016	Other	2224770
Charles Vincent Senatore	Chief compliance officer	1 Sep 2016	Other	4091990
Steven Franklin Schiffman	Chief financial officer	1 Jul 2017	Other	5667585

Based in Boston

The principal office where Impresa Management LLC performs its advisory services is located at 255 State Street, Boston, MA 02110 The mailing address of the firm is 245 Summer St, Q9 B, Boston, MA 02210. An additional office of the firm is in Cambridge, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-392-0785 or by fax NA. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.