Minot Deblois Advisors LLC (Boston)


Minot Deblois Advisors LLC is a large advisory firm based in Boston. It manages $1.35 billion of regulatory assets for 522 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 5 other states.

Minot Deblois Advisors provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Minot Deblois Advisors: assets under management

The assets under management (AUM) of Minot Deblois Advisors LLC is $1.35 billion. The firm's AUM has grown by 104% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $85 million in discretionary accounts and $1.26 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $809.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.03 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is government bonds, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

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

What kind of clients Minot Deblois Advisors serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Minot Deblois Advisors is high net worth individuals with 179 clients and $1.14 billion of assets under management. Among the 9 most similar advisory firms, Minot Deblois Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.35 billion for 191 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.

Minot Deblois Advisors doesn't advise any private funds.

Careers at Minot Deblois Advisors 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. Only one employee is registered as an investment adviser representative 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
Gregory L. Gullickson President and manager 1 Jan 2009 Other 5635643
Adrienne Smith Manager 1 Jan 2009 Other 5635646
Heard & Bigelow Inc. Rice Sole member 1 Jan 2009 75% - 100% 04-2804696
Stephen E. Walsh Chief compliance officer and manager 1 Jan 2009 Other 5635639
Zachary A. Bourque Vice president 1 Jan 2009 Other 5635647
Robert G Bannish Manager and assistant chief compliance officer 1 Jan 2009 Other 5316612
Zachary A. Bourque Manager and vice president 1 Jan 2010 Other 5635647
Robert G. Bannish Chief compliance officer and manager 1 Jan 2011 Other 5635639
Zachary A. Bourque Manager 1 Jan 2011 Other 5635647
Kevin T. Mcquaid Manager and tax matters partner 1 Jan 2011 Other 5316612
Catherine Smith Vice president 1 Jan 2011 Other 1732300
Sarah Mains Allen Manager 1 Oct 2014 Other 6470976

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gregory L. Gullickson Shareholder 1 Jan 1996 25% - 50% 5635643
Adrienne Smith Shareholder 1 Jan 1998 25% - 50% 5635646

Based in Boston

The principal office where Minot Deblois Advisors LLC performs its advisory services is located at 50 Congress Street, Boston, MA 02109, 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 617-557-7407 or by fax 617-557-7419. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at minotdeblois.com.