Rock Point Advisors, LLC (Burlington)

Name: Rock Point Advisors, LLC
Address: 77 College Street, 4 Th Floor, Burlington, VT, 05401 4014
Telephone: 802-864-2266

Rock Point Advisors, LLC is a large advisory firm based in Burlington. It manages $319.54 million of regulatory assets for 533 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Colorado, Florida, and 10 other states.

Rock Point Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rock Point Advisors: assets under management

The assets under management (AUM) of Rock Point Advisors, LLC is $319.54 million. The firm's AUM has grown by 320% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $318.95 million in discretionary accounts and $587.36 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $599.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $587.36 thousand.

Rock Point Advisors has custody of $137.09 million in cash and securities for 149 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is state and local bonds, which make up 13% of the firm’s portfolio. Investments in non-exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Rock Point Advisors, LLC 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 Michael Leighton Huffman serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Michael Leighton Huffman is high net worth individuals with 77 clients and $232.88 million of assets under management. Among the 9 most similar advisory firms, Rock Point Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $319.54 million for 224 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.

Rock Point Advisors doesn't advise any private funds.

Careers at Rock Point Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Leighton Huffman has been acting as President since 1 Mar 2004. Brian Richard Culver joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Leighton Huffman	President	1 Mar 2004	50% - 75%	1367117
Todd Alan Wulfson	Vice president	1 May 2004	25% - 50%	2837408
Evan Isaiah Pemberton	Chief compliance officer	1 Mar 2010	Other	5617015
Brian Richard Culver	Chief compliance officer	1 Oct 2014	Other	6415560

Based in Burlington

The principal office where Rock Point Advisors, LLC performs its advisory services is located at 77 College Street, 4 Th Floor, Burlington, VT 05401 4014, 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 802-864-2266 or by fax 802-864-1116. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at rockpointadvisors.com.