Flagship Private Wealth, LLC (Woburn)

Name: Flagship Private Wealth, LLC
Address: 400 Trade Center Suite 4990, Woburn, MA, 01801
Telephone: (781) 756-0090

Flagship Private Wealth, LLC is a large advisory firm based in Woburn. It manages $144.09 million of regulatory assets for 757 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Colorado, Connecticut, Florida, and 4 other states.

Flagship Private Wealth provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Flagship Private Wealth: assets under management

The assets under management (AUM) of Flagship Private Wealth, LLC is $144.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $144.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $190.34 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Flagship Private Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Flagship Private Wealth serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Flagship Private Wealth is individuals with 444 clients and $87.93 million of assets under management. Among the 8 most similar advisory firms, Flagship Private Wealth has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $144.09 million for 571 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.

Flagship Private Wealth doesn't advise any private funds.

Careers at Flagship Private Wealth, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Elizabeth Auger Johnson	Managing member / chief compliance officer	1 Feb 2012	25% - 50%	2660647
Ronald John Giunta	Managing member	1 Jun 2012	25% - 50%	2726796
Karl Jay Warner	Managing member	1 Jun 2012	25% - 50%	2199825

Based in Woburn

The principal office where Flagship Private Wealth, LLC performs its advisory services is located at 400 Trade Center Suite 4990, Woburn, MA 01801, 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 (781) 756-0090 or by fax (781) 756-0085. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at flagshipprivatewealth.com.