Fernwood Investment Management, LLC (Quincy)

Name: Fernwood Investment Management, LLC
Address: 400 Crown Colony Drive, Quincy, MA, 02169
Telephone: 617-376-4750

Fernwood Investment Management, LLC is a large advisory firm based in Quincy. It manages $276.39 million of regulatory assets for 682 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Florida, Massachusetts, and 3 other states.

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

Fernwood Investment Management: assets under management

The assets under management (AUM) of Fernwood Investment Management, LLC is $276.39 million. The firm's AUM has grown by 262% since the beginning of its operation, and $1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $266.02 million in discretionary accounts and $10.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $401.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $518.07 thousand.

Fernwood Investment Management has custody of $29.66 million in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is other assets, which make up 10% of the firm’s portfolio. Investments in pooled investment vehicles form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fernwood Investment Management, 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 Fernwood Investment Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Fernwood Investment Management is high net worth individuals with 84 clients and $227.46 million of assets under management. Among the 11 most similar advisory firms, Fernwood Investment Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $276.39 million for 193 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.

Fernwood Investment Management also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Fernwood Investment Management, LLC

The company employs 6 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Patrick Reilly	Managing member	1 Feb 2003	75% - 100%	827625
Thomas Patrick Reilly	Chief compliance officer	1 Jul 2003	75% - 100%	827625

Based in Quincy

The principal office where Fernwood Investment Management, LLC performs its advisory services is located at 400 Crown Colony Drive, Quincy, MA 02169, 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 617-376-4750 or by fax 617-376-4754. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at fernwoodinvestment.com.