Savings Institute Bank & Trust Company (Willimantic)

Name: Savings Institute Bank & Trust Company
Address: 803 Main Street, Willimantic, CT, 06226
Telephone: 860-423-4581

Savings Institute Bank & Trust Company is a large advisory firm based in Willimantic. It manages $145.66 million of regulatory assets for 352 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and New York.

Savings Institute Bank & Trust Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and market timing services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Savings Institute Bank & Trust Company: assets under management

The assets under management (AUM) of Savings Institute Bank & Trust Company is $145.66 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $134.32 million in discretionary accounts and $11.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $412.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $436.12 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Savings Institute Bank & Trust Company for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Savings Institute Bank & Trust Company

Sr. Robert C Cushman has been acting as President since 1 Jan 1993. Mark Alliod joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Laurie L Gervais	Vice president, human resources	1 Nov 1983	Other	4794378
Henley P Hinkley	Chairman and director	1 Jan 1984	Other	4794399
Sandra M Mitchell	Vice president, corporate secretary	1 Feb 1987	Other	4794386
Marilyn St. Onge	Vp, controller	1 Aug 1989	Other	4794154
Sonia M Dudas	Sr. vice president	1 Mar 1992	Other	4794151
Sr. Robert C Cushman	Director	1 Jan 1993	Other	4794388
Deborah Oliver	Compliance officer	1 Jun 1993	Other	4794408
Rheo Arthur Brouillard	President, ceo & director	1 Jan 1995	Other	2912515
Everett A Watson	Director	1 Jan 1995	Other	4794403
Michael Morace	Senior vice president	1 Nov 1995	Other	4794405
Donna M. Evan	Director	1 Jan 1996	Other	4794395
William Anderson	Vp, retail	1 Mar 1997	Other	4794155
Brian J. Hull	Evp, cfo	1 Aug 1997	Other	4794153
Roger Engle	Director	1 Jan 1998	Other	4794393
Robert O Gillard	Director	1 Jan 1999	Other	4794396
Si Bancorp	Sh	1 Jul 2000	75% - 100%	06-1596073
Steven Townsend	Director	1 Jan 2003	Other	4794400
David Todd Weston	Vice president, investment officer	1 Apr 2004	Other	4224777
Mark Alliod	Director	1 May 2005	Other	5122125

Based in Willimantic

The principal office where Savings Institute Bank & Trust Company performs its advisory services is located at 803 Main Street, Willimantic, CT 06226 The mailing address of the firm is 7 Ledgebrook Drive, Mansfield Center, CT 06250. An additional office of the firm is in Enfield, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-423-4581 or by fax 860-456-6561. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.savingsinstitute.com.