Daintree Advisors LLC (Boston)


Daintree Advisors LLC is a large advisory firm based in Boston. It manages $1.04 billion of regulatory assets for 1,330 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

Daintree Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, educational seminars and workshops, and trust services/administrative services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Daintree Advisors: assets under management

The assets under management (AUM) of Daintree Advisors LLC is $1.04 billion. The firm's AUM has grown by 230% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.02 billion in discretionary accounts and $13.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $837.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $128.28 thousand.
Daintree Advisors has custody of $126.28 million in cash and securities for 70 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Daintree Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Daintree Advisors serves?

The only and largest group of clients of Daintree Advisors is high net worth individuals with 242 clients and $1.04 billion of assets under management. Among the 12 most similar advisory firms, Daintree Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.04 billion for 242 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.

Daintree Advisors doesn't advise any private funds.

Careers at Daintree Advisors LLC

The company employs 28 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
David Lee Beatty Ceo, managing partner and member 1 Feb 2010 50% - 75% 2831427
Kent Mark Forkner Chief investment officer and partner 1 May 2010 Other 2753311
William Gregoire Galanes Chief compliance officer 1 May 2010 Other 5767228
Mary Shahian Partner 1 Aug 2010 Other 2771593
Stephen Preston Oliver Partner 1 Oct 2010 Other 2735378
William G. Speciale Partner 1 Mar 2012 Other 5178668
Brenda Gray Reny Coo 1 May 2012 Other 4514296
Karen Marie Angrisano Chief compliance officer 1 Aug 2014 Other 6378394
Eric James Godes President and coo 1 Sep 2016 Other 1207569

Based in Boston

The principal office where Daintree Advisors LLC performs its advisory services is located at 100 High Street, Boston, MA 02110 1781, which is also the mailing address of the firm. An additional office of the firm is in Toluca Lake, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-848-3410. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at daintreeadvisors.com.