Pinney & Scofield, Inc. (Cambridge)

Name: Pinney & Scofield, Inc.
Address: 22 Hilliard Street, Cambridge, MA, 02138 4922
Telephone: 617-492-6223

Pinney & Scofield, Inc. is a large advisory firm based in Cambridge. It manages $502.11 million of regulatory assets for 1,104 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Florida, and 11 other states.

Pinney & Scofield provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pinney & Scofield: assets under management

The assets under management (AUM) of Pinney & Scofield, Inc. is $502.11 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 238% since the beginning of its operation, and $100 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $502.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $454.81 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pinney & Scofield, Inc. 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 Pinney & Scofield serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Pinney & Scofield is high net worth individuals with 166 clients and $438.35 million of assets under management. Among the 10 most similar advisory firms, Pinney & Scofield has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $502.11 million for 286 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Pinney & Scofield doesn't advise any private funds.

Careers at Pinney & Scofield, Inc.

The company employs 4 people that are either part- or full-time employees. 75 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Charles Pinney	President, director, secretary, chief compliance officer	1 Jul 2003	50% - 75%	735396
Dean Allyn Scofield	Treasurer	1 Jul 2003	50% - 75%	4338953
James Charles Pinney	Chief compliance officer	1 Oct 2004	50% - 75%	735396
John Robert Goddard	Director and treasurer	1 Mar 2014	50% - 75%	2649353

Based in Cambridge

The principal office where Pinney & Scofield, Inc. performs its advisory services is located at 22 Hilliard Street, Cambridge, MA 02138 4922, which is also the mailing address of the firm. An additional office of the firm is in Marshfield, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-492-6223 or by fax 617-492-8025. The normal business hours are 9:00 am to 5 pm on Monday - Friday. You can find more information about the New York firm at pinneyandscofield.com.