Breckinridge Capital Advisors Inc (Boston)

Breckinridge Capital Advisors Inc is a large advisory firm based in Boston. It manages $36.53 billion of regulatory assets for 15,085 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Breckinridge Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Breckinridge Capital Advisors: assets under management

The assets under management (AUM) of Breckinridge Capital Advisors Inc is $36.53 billion. The firm's AUM has grown by 6333% since the beginning of its operation, and $42.14 million of the total AUM is attributable to clients outside of the United States.

The firm manages $36.42 billion in discretionary accounts and $114.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $57.49 million.

Investments

The firm invests in state and local bonds the most. They account for 88% of the total AUM. The second-largest asset type is government bonds, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Breckinridge Capital Advisors 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 Phillip Adams Newell serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Phillip Adams Newell is high net worth individuals with 5,851 clients and $22.21 billion of assets under management. Among the 7 most similar advisory firms, Breckinridge Capital Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $34.55 billion for 15,025 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.

Breckinridge Capital Advisors also advises several private funds.

Careers at Breckinridge Capital Advisors Inc

The company employs 75 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 27 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.

Phillip Adams Newell has been acting as President since 1 Apr 2000. David Jude Madigan has served as the Chief Investment Officer since 1 Nov 2003. Laura Elizabeth Lake joined the executive team most recently as the Chief Investment Officer.

Direct owners and executive officers

Based in Boston

The principal office where Breckinridge Capital Advisors Inc performs its advisory services is located at 125 High Street, Boston, MA 02110 1529, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-443-0779 or by fax 617-443-0778. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bondinvestor.com.