Sentinel Pension Advisors Inc (Wakefield)


Sentinel Pension Advisors Inc is a large advisory firm based in Wakefield. It manages $4.92 billion of regulatory assets for 1,722 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 24 other states.

Sentinel Pension Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sentinel Pension Advisors: assets under management

The assets under management (AUM) of Sentinel Pension Advisors Inc is $4.92 billion. The firm's AUM has grown by 117628% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $714.68 million in discretionary accounts and $4.21 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $565.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.17 million.

Investments

The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sentinel Pension Advisors Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Michael Carnevale serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of James Michael Carnevale is pension and profit sharing plans with 564 clients and $4.72 billion of assets under management. Among the 6 most similar advisory firms, Sentinel Pension Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $4.92 billion for 1,524 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.

Sentinel Pension Advisors doesn't advise any private funds.

Careers at Sentinel Pension Advisors Inc

The company employs 35 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 32 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.

James Michael Carnevale has been acting as President since 1 Aug 1999. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Michael Dimase Director 1 Apr 1998 Other 2196424
Joshua Evan Meltzer President, director 1 Apr 1998 Other 1330754
David E Bunker Vice president, director 1 Apr 1998 Other 2986602
Anthony Panfilo Carnevale Director 1 Apr 1998 25% - 50% 4380405
James Michael Carnevale Director 1 Aug 1999 Other 2710745
John Anthony Carnevale President, director 1 Dec 1999 Other 2350391
Michael Patrick Keleher Chief compliance officer 1 Jan 2001 Other 4164307
David Allen Scarpello Director 1 Jul 2004 Other 4825346
Llc Focus Operating Member 1 Jan 2007 75% - 100% 20-8161914
Marc Todd Caras Vice president 1 Oct 2010 Other 2868314
James Michael Nestor Chief compliance officer 1 Jan 2011 Other 2636194
James Michael Carnevale President / director 1 Apr 2016 Other 2710745

Indirect Owners

The SEC currently registers 11 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.P. Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 04-3540852
Llc Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 135263
L.P. Summit Ventures Vi A Member 1 Jan 2006 50% - 75% 04-3540853
Llc Focus Financial Partners Member 1 Jan 2007 75% - 100% 16-1728260
Lp Summit Ventures Vi A Indirect owner 1 Jan 2007 25% - 50% 04-3540853
L.P. Cp Falcon Aiv Member 1 Oct 2013 25% - 50% 36-4767158
Lp Trident Vi Parallel Fund Member 1 Apr 2017 75% - 100% 98-1132009
Trident Ffp Blocker Llc Limited partner 1 May 2017 25% - 50% 82-1662776
Lp Trident Vi Limited partner 1 May 2017 25% - 50% 98-1131820
Lp Trident Ffp Member 1 Jul 2017 25% - 50% 82-1662703
Focus Financial Partners Inc. Member 1 Jul 2018 75% - 100% 47-4780811

Based in Wakefield

The principal office where Sentinel Pension Advisors Inc performs its advisory services is located at 100 Quannapowitt Pkwy, Wakefield, MA 01880, which is also the mailing address of the firm. An additional office of the firm is in Melville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-914-1450 or by fax 781-213-7373. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at sentinelgroup.com.