Polaris Capital Management, LLC (Boston)

Name: Polaris Capital Management, LLC
Address: 121 High Street, Boston, MA, 02110 2475
Telephone: 617-951-1365

Polaris Capital Management, LLC is a large advisory firm based in Boston. It manages $11.57 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Massachusetts.

Polaris Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and limited partnership. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Polaris Capital Management: assets under management

The assets under management (AUM) of Polaris Capital Management, LLC is $11.57 billion. The firm's AUM has grown by 342% since the beginning of its operation, and $2.31 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $11.46 billion in discretionary accounts and $113.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $266.43 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $56.97 million.

Polaris Capital Management has custody of $185.69 million in cash and securities for 3 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Polaris Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based 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 Bernard Robert Horn serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Bernard Robert Horn is investment companies with 7 clients and $5.67 billion of assets under management. Among the 11 most similar advisory firms, Polaris Capital Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $11.46 billion for 43 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 21% of the firm’s clients are foreign persons or businesses.

Polaris Capital Management also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Polaris Capital Management, LLC

The company employs 17 people that are either part- or full-time employees. 53 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.

Bernard Robert Horn has been acting as President since 1 Apr 1995. Roberto E. Ramirez joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bernard Robert Horn	President/treasurer	1 Apr 1995	Other	2149595
Edward Eaton Wendell	Treasurer/chief compliance officer	1 May 1998	Other	4355678
Lorraine B Horn	Director	1 Jun 2004	Other	5121554
Christopher K. Mcleod	Director	1 Jun 2004	Other	5121697
Sumanta Biswas	Vice president	1 Sep 2005	Other	5296511
Kathleen S. Jacobs	Corporate secretary/vice president	1 Dec 2006	Other	2818655
Kathleen Jacobs	Corporate secretary/vice president	1 Dec 2006	Other	2818655
Llp Polaris Capital Management Holdings	Limited liability partnership	1 Dec 2007	75% - 100%	04-3269043
Lucy Catherine Goreham	Chief compliance officer	1 Jan 2008	Other	5476927
Kelly Marie Fitzsimmons	Outside pr	1 Dec 2009	Other	5900905
Andry A Sutanto	Analyst	1 Dec 2010	Other	5900912
Bin Xiao	Assistant portfolio manager	1 Jan 2012	Other	6169864
Bernard Maitai	Client service manager	1 Jan 2013	Other	6760347
Jason Crawshaw	Assistant portfolio manager	1 Jan 2016	Other	6314214
Roberto E. Ramirez	Chief financial officer	1 Dec 2017	Other	6758698

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Bernard Robert Horn	Partner	1 Dec 2007	75% - 100%	2149595

Based in Boston

The principal office where Polaris Capital Management, LLC performs its advisory services is located at 121 High Street, Boston, MA 02110 2475, 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 617-951-1365 or by fax 617-772-0248. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at polariscapital.com.