Northern Cross, LLC (Boston)

Name: Northern Cross, LLC
Address: 125 Summer Street Suite 1410, Boston, MA, 02110
Telephone: 617-951-0099

Northern Cross, LLC is a large advisory firm based in Boston. It manages $33.2 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Massachusetts.

Northern Cross provides portfolio management for investment companies and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Northern Cross: assets under management

The assets under management (AUM) of Northern Cross, LLC is $33.2 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 25811% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $33.2 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.55 billion each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Northern Cross, 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 Northern Cross serves?

The only and largest group of clients of Northern Cross is investment companies with 6 clients and $31.82 billion of assets under management. Among the 5 most similar advisory firms, Northern Cross has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $31.82 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.

Northern Cross doesn't advise any private funds.

Careers at Northern Cross, LLC

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Msj International	Member	1 Jul 2003	25% - 50%	02-0700778
Inc. Pgn Advisors	Member	1 Jul 2003	25% - 50%	02-0700785
Summit International Investments Inc	Member	1 Jul 2003	25% - 50%	106177
Inc. Meltm	Principal	1 Jul 2003	25% - 50%	02-0700788
Summit Inernational Investments Inc	Principal	1 Jul 2003	25% - 50%	106177
Edward Eaton Wendell	Cco	1 Sep 2004	Other	4355678
Scott Joseph Babka	Principal, director of research	1 Jan 2014	Other	4167396
Howard Christopher Appleby	President, chief operations officer	1 Jan 2014	Other	1428165
Lucy Catherine Goreham	Chief compliance officer	1 Jul 2014	Other	5476927
Adam Ross Feldman	Principal, senior analyst	1 Jan 2017	Other	5165153
David Lerner	Principal, senior analyst	1 Jan 2017	Other	5376089

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Joel Latorre	President	1 Feb 1996	75% - 100%	1231894
Howard Christopher Appleby	President	1 Apr 2002	75% - 100%	1428165
Jeanfrancois Emmanuel Ducrest	President	1 Apr 2002	75% - 100%	2613401
Edward Eaton Wendell	President	1 Jan 2003	75% - 100%	4355678

Based in Boston

The principal office where Northern Cross, LLC performs its advisory services is located at 125 Summer Street Suite 1410, Boston, MA 02110, 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 617-951-0099 or by fax 617-412-4886. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at northerncrossllc.com.