Highsight, LLC (Westborough)

Name: Highsight, LLC
Address: 50 Washington Street, Westborough, MA, 01581
Telephone: 508-366-9100

Highsight, LLC is a large advisory firm based in Westborough. It manages $225.3 million of regulatory assets for 443 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Massachusetts, New Hampshire, and Rhode Island.

Highsight provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and aafcpas wealth management robo - automated advisory services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Highsight: assets under management

The assets under management (AUM) of Highsight, LLC is $225.3 million. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $144.9 million in discretionary accounts and $80.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $368.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.61 million.

Highsight has custody of $35.1 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Highsight, 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 Highsight serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Highsight is high net worth individuals with 55 clients and $136.9 million of assets under management. Among the 9 most similar advisory firms, Highsight has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $223.6 million for 148 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.

Highsight doesn't advise any private funds.

Careers at Highsight, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 6 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
Joel Aronson	Managing member & chief compliance officer	1 Feb 2001	Other	4298106
Aronson Finning & Co. P.C. Alexander	Managing memeber	1 Feb 2001	75% - 100%	04-2571780
Andrew Edmund Hammond	Chief compliance officer	1 Nov 2018	Other	4170846

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Joel Aronson	Vice president	1 Sep 1975	Other	4298106

Based in Westborough

The principal office where Highsight, LLC performs its advisory services is located at 50 Washington Street, Westborough, MA 01581, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 508-366-9100 or by fax 508-366-9789. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at highsightllc.com and its LinkedIn profile.