Geode Capital Management, LLC is a large advisory firm based in Boston. It manages $368.07 billion of regulatory assets for 589 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Massachusetts.
Geode Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and investment and technology consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Geode Capital Management, LLC is $368.07 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1155% since the beginning of its operation, and $10.14 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Geode Capital Management, LLC for their services and products based on a percentage of assets under management and fixed 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.
The firm provides services to individuals, investment companies, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Albert Francke is investment companies with 67 clients and $355.56 billion of assets under management. Among the 11 most similar advisory firms, Geode Capital Management has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $365.54 billion for 574 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.
Geode Capital Management also advises several private funds. Namely, four hedge funds.
The company employs 98 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Albert Francke has been acting as President since 1 Jul 2003. Philip Lindsey Bullen joined the executive team most recently as the Director.
The principal office where Geode Capital Management, LLC performs its advisory services is located at 100 Summer Street, 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 1-800-777-6757 or by fax 617 392-2050. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at geodecapital.com.