Opus Investment Management, Inc. is a large advisory firm based in Worcester. It manages $11.14 billion of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Massachusetts, New York, and Texas.
Opus Investment Management provides portfolio management for businesses and institutional clients 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.
The assets under management (AUM) of Opus Investment Management, Inc. is $11.14 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -39% since the beginning of its operation, and $1.64 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Opus Investment Management, 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.
The firm provides services to insurance companies, corporations or other businesses, and state or municipal government entities. The largest group of clients of Charles Frederick Cronin is insurance companies with 43 clients and $9.83 billion of assets under management. Among the 11 most similar advisory firms, Opus Investment Management has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $11.14 billion for 50 clients. 6% of the firm’s clients are foreign persons or businesses.
Opus Investment Management doesn't advise any private funds.
The company employs 22 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
Charles Frederick Cronin has been acting as President since 1 Mar 2011. Joseph Julian Scavetti joined the executive team most recently as the Chief Compliance Officer.
The principal office where Opus Investment Management, Inc. performs its advisory services is located at 440 Lincoln St, Worcester, MA 01653 0002, 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 508-855-3567 or by fax 508-855-4846. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at opusinvestment.com.