Appleton Partners Inc (Boston)

Name: Appleton Partners Inc
Address: One Post Office Square, Boston, MA, 02109
Telephone: 617-338-0700

Appleton Partners Inc is a large advisory firm based in Boston. It manages $10.19 billion of regulatory assets for 6,087 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.

Appleton Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Appleton Partners: assets under management

The assets under management (AUM) of Appleton Partners Inc is $10.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 791% since the beginning of its operation, and $6.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $10.19 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.67 million each.

Appleton Partners has custody of $1.51 billion in cash and securities for 742 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Appleton Partners 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 Robert B Needham serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Robert B Needham is high net worth individuals with 400 clients and $1.28 billion of assets under management. Among the 6 most similar advisory firms, Appleton Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.52 billion for 659 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.

Appleton Partners doesn't advise any private funds.

Careers at Appleton Partners Inc

The company employs 49 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert B Needham has been acting as President since 1 Nov 1988. Bonnie Brophy Tracy joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kathleen Mary Burge	Exec vice president,cfo, director	1 Oct 1988	Other	4349797
Douglas Campbell Chamberlain	President, ceo	1 Oct 1988	50% - 75%	4349785
Robert B Needham	Director	1 Nov 1988	Other	2569173
Kenneth Joseph Novack	Director	1 Nov 1988	Other	4735972
William Lockwood Kingman	Director	1 Nov 1988	Other	4735975
Charles Garrison Meyer	Director	1 Nov 1988	Other	4735991
Cornelia Spencer Ives	Director	1 Nov 1995	Other	4735824
Walter Zagrobski	Svp, portfolio manager	1 Sep 1997	Other	2671138
Douglas Campbell Chamberlain	President, ceo, director	1 Oct 1998	25% - 50%	1995169
Kathleen Mary Burge	Executive vice president, cfo	1 Oct 1998	25% - 50%	4349797
Paul Dellarocco	Director	1 Nov 1998	Other	4735992
James Ira Ladge	Senior vice president, coo	1 Aug 1999	Other	4349802
Appleton Partners Business Trust	Business trust	1 Jan 2000	75% - 100%	04-6954485
James Ira Ladge	Senior vice president, cio	1 Aug 2000	Other	4349802
Appleton Partners Business Trust	Business trust	1 Aug 2001	75% - 100%	04-6954485
J.P. Chevriere	Director	1 Nov 2001	Other	4736002
William Terrell Petty	Director	1 Nov 2001	Other	4736294
Michele Dawn Hubley	Svp, chief compliance officer	1 May 2004	Other	4349812
Mark Thomas Williams	Director	1 Nov 2010	Other	5899176
Michael Costello	Director	1 Nov 2012	Other	6309619
Bonnie Brophy Tracy	Director	1 Jan 2016	Other	1898484

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Campbell Chamberlain	Unit trust shareholder	1 Jan 2000	50% - 75%	4349785
Kathleen Mary Burge	Unit trust shareholder	1 Jan 2000	25% - 50%	4349797
Kathleen Mary Burge	Trustee, appleton partners business trust	1 Aug 2001	Other	4349797
James Ira Ladge	Trustee, appleton partners business trust	1 Aug 2001	Other	4349802
Douglas Campbell Chamberlain	Trustee, appleton partners business trust	1 Aug 2001	25% - 50%	1995169

Based in Boston

The principal office where Appleton Partners Inc performs its advisory services is located at One Post Office Square, Boston, MA 02109, 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 617-338-0700 or by fax 617-338-2379. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at appletonpartners.com.