South Shore Capital Advisors, LLC (Cohasset)


South Shore Capital Advisors, LLC is a large advisory firm based in Cohasset. It manages $169.75 million of regulatory assets for 168 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, Massachusetts, and 3 other states.

South Shore Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

South Shore Capital Advisors: assets under management

The assets under management (AUM) of South Shore Capital Advisors, LLC is $169.75 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $113.62 million in discretionary accounts and $56.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $979.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.08 million.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in government bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay South Shore Capital Advisors, LLC for their services and products based on a percentage of assets under management. 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 South Shore Capital Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of South Shore Capital Advisors is high net worth individuals with 47 clients and $159.58 million of assets under management. Among the 11 most similar advisory firms, South Shore Capital Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $169.75 million for 77 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.

South Shore Capital Advisors also advises several private funds. Namely, one hedge fund.

Careers at South Shore Capital 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. 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
Taylor G Thomas Principal/chief compliance officer 1 Dec 2006 50% - 75% 2526806
Taylor Goodwin Thomas Principal/chief compliance officer 1 Dec 2006 50% - 75% 2526806
Lowell Shumway Thomas Principal 1 Oct 2008 25% - 50% 1956210

Based in Cohasset

The principal office where South Shore Capital Advisors, LLC performs its advisory services is located at 115 Ripley Road, Cohasset, MA 02025 1715, which is also the mailing address of the firm. An additional office of the firm is in Newport, RI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-740-9310 or by fax 781-735-0486. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at southshorecapitaladvisors.com.