Eastern Investment Advisors, Inc. (Boston)

Eastern Investment Advisors, Inc. is a large advisory firm based in Boston. It manages $1.45 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Massachusetts.

Eastern Investment Advisors provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Eastern Investment Advisors: assets under management

The assets under management (AUM) of Eastern Investment Advisors, Inc. is $1.45 billion. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.45 billion in discretionary accounts and $1.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $111.63 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.94 million.

Eastern Investment Advisors has custody of $1.45 billion in cash and securities for 1 client in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Eastern Investment Advisors, 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.

Careers at Eastern Investment Advisors, Inc.

Richard Edward Holbrook has been acting as President since 1 Jul 2008. Rose Marie Brooks joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carol Charpie Mcmullen	President, chief executive officer and director	1 Jul 2008	Other	5585538
John David Kattar	Chief operating officer	1 Jul 2008	Other	5585539
Mark Philip Gervig	Chief compliance officer	1 Jul 2008	Other	1618466
Eastern Bank	Shareholder	1 Jul 2008	75% - 100%	04-3067724
Richard Edward Holbrook	Director	1 Jul 2008	Other	1859763
David Andrew Ahlquist	Treasurer	1 Jul 2008	Other	5637604
Rose Marie Brooks	Chief compliance officer	1 Feb 2009	Other	2053300

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Eastern Bank Corporation	Shareholder	1 Oct 1989	75% - 100%	04-1803120

Based in Boston

The principal office where Eastern Investment Advisors, Inc. performs its advisory services is located at 265 Franklin Street, Boston, MA 02110 3113, 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 617-897-1119 or by fax 617-897-1117. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.