Adviser Investments LLC (Newton)

Name: Adviser Investments LLC
Address: 85 Wells Avenue, Newton, MA, 02459
Telephone: 617-321-2200

Adviser Investments LLC is a large advisory firm based in Newton. It manages $5.01 billion of regulatory assets for 10,533 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.

Adviser Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and estate planning, tax organization; model provider. It prepares financial plans for more than 250 clients. On top of advisory services, the firm also engages as signal and model portfolio provider.

Adviser Investments: assets under management

The assets under management (AUM) of Adviser Investments LLC is $5.01 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 267% since the beginning of its operation, and $4.74 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.01 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $476.03 thousand each.

Adviser Investments has custody of $1.33 billion in cash and securities for 1,147 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adviser Investments LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Daniel Fitzsimmons Silver 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 Daniel Fitzsimmons Silver is high net worth individuals with 1,390 clients and $3.82 billion of assets under management. Among the 9 most similar advisory firms, Adviser Investments has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $5.01 billion for 3,832 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.

Adviser Investments doesn't advise any private funds.

Careers at Adviser Investments LLC

The company employs 83 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 46 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 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.

Daniel Fitzsimmons Silver has been acting as President since 1 Mar 2011. James Hale Lowell has served as the Chief Investment Officer since 1 Mar 2011. Timothy Joseph O'hara joined the executive team most recently as the Chief Compliance Officer & Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Adviser Investments	Member	1 Dec 2010	75% - 100%	106668
Daniel Philip Wiener	Ceo/member/board of managers	1 Mar 2011	Other	2541741
Daniel Fitzsimmons Silver	President/member/chief compliance officer/board of managers	1 Mar 2011	Other	2555413
James Hale Lowell	Chief investment officer/member/board of managers	1 Mar 2011	Other	2295512
Timothy Joseph O'hara	Chief compliance officer & counsel	1 Nov 2018	Other	7047729

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Philip Wiener	Ceo/shareholder	1 Jul 1994	50% - 75%	2541741

Based in Newton

The principal office where Adviser Investments LLC performs its advisory services is located at 85 Wells Avenue, Newton, MA 02459, which is also the mailing address of the firm. An additional office of the firm is in Brooklyn, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-321-2200 or by fax 617-321-2210. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at adviserinvestments.com and its LinkedIn profile.