The Colony Group, LLC is a large advisory firm based in Boston. It manages $7.62 billion of regulatory assets for 10,771 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.
The Colony Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and tax preparation services; financial management services, family office services; dispute resolution services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of The Colony Group, LLC is $7.62 billion. The firm's AUM has grown by 1135% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay The Colony Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of The Colony Group is high net worth individuals with 1,810 clients and $6.29 billion of assets under management. Among the 7 most similar advisory firms, The Colony Group has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $7.62 billion for 2,857 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.
The Colony Group also advises several private funds. Namely, one hedge fund.
The company employs 185 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 80 employees are registered as investment adviser representatives with the state securities authorities.
There are 23 people 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.
Richard Ros Davis has served as the Chief Investment Officer since 1 Apr 2005. Richard David Steinberg joined the executive team most recently as the Chief Market Strategist.
The principal office where The Colony Group, LLC performs its advisory services is located at 2 Atlantic Avenue, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in Armonk, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-723-8200 or by fax 617-723-6338. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at thecolonygroup.com.