Colonial Advisory Services Inc (Boston)

Colonial Advisory Services Inc is a large advisory firm based in Boston. It manages $2.19 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2001.

Colonial Advisory Services provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Colonial Advisory Services: assets under management

The assets under management (AUM) of Colonial Advisory Services Inc is $2.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.19 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $243.22 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Colonial Advisory Services Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Colonial Advisory Services Inc

Keith Banks has been acting as President since 1 Nov 2001. Linda Jean Wondrack joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bonny Eugenia Boatman	Executive vice president	1 Mar 1996	Other	2362425
Linda Begley	Chief compliance officer	1 May 1996	Other	2346275
Stephen Eugene Gibson	Chairman of the board and director	1 Dec 1996	Other	1350488
Gregory John Spanos	Executive vice president	1 Nov 1997	Other	2825074
Carl C Ericson	President	1 Apr 1998	Other	824463
Liberty Funds Group Llc	Parent of applicant	1 Dec 1998	75% - 100%	00-0000000
Joseph Robert Palombo	Chief operating officer and director	1 Apr 1999	Other	2543562
Kevin Michael Carome	Director	1 Nov 2000	Other	4307331
Jeff A Whitehead	Chief financial officer	1 Jan 2001	Other	3223746
Jean Susan Loewenberg	Clerk and chief legal officer	1 Nov 2001	Other	1811391
Keith Banks	Director	1 Nov 2001	Other	2460880
Philip John Iudice	Treasurer	1 Nov 2001	Other	2036589
Robert David Birnbaum	President, chief investment officer and director	1 Nov 2001	Other	1563925
Keith Thomas Banks	President, chief executive officer, chief investment officer and director	1 Nov 2001	Other	2460880
Roger A Sayler	Director	1 Apr 2002	Other	1920994
Martha Ellen Fox	Chief compliance officer	1 Jan 2003	Other	1647590
David A. Rozenson	Clerk and chief legal officer	1 Oct 2003	Other	4733488
John Kevin Connaughton	Interim head of mutual funds	1 Feb 2004	Other	2483637
Brenda Jean Furlong	Director	1 Apr 2004	Other	4355288
Mary Anne Mullin	Chief compliance officer	1 May 2004	Other	2162284
Linda Jean Wondrack	Chief compliance officer	1 Jun 2005	Other	1589187

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Liberty Financial Companies	Parent of liberty financial services, inc.	1 Mar 1995	75% - 100%	04-3260640
Inc. Lfc Holdings	Parent of liberty corporate holdings, inc.	1 Mar 1995	75% - 100%	04-3119501
Liberty Mutual Equity Corporation	Parent of lfc holdings, inc.	1 Mar 1995	75% - 100%	04-3119508
Liberty Mutual Insurance Company	Parent of liberty mutual equity corporation	1 Mar 1995	75% - 100%	04-1543470
Bank Of America Corporation	Shareholder	1 Sep 1995	75% - 100%	56-0906609
Lfc Management Corporation	Parent of liberty financial companies, inc.	1 Nov 1998	50% - 75%	04-3441689
Inc. Liberty Corporate Holdings	Parent of lfc management corporation	1 Nov 1998	75% - 100%	04-3401639
Inc. Liberty Financial Services	Parent of liberty funds group llc	1 Dec 1998	75% - 100%	04-2880152
Fleetboston Financial Corporation	Parent of fleet national bank	1 Oct 1999	75% - 100%	05-0341324
Fleet National Bank	Parent of fleet/liberty holdings, inc.	1 Oct 2001	75% - 100%	04-2472499
Inc. Fleet/Liberty Holdings	Sole member of liberty funds group llc	1 Nov 2001	75% - 100%	00-0000000
Inc. Columbia Management Group	Sole member of liberty funds group llc	1 Nov 2001	75% - 100%	01-0547933
Bank Of America Corporation	Shareholder	1 Apr 2004	75% - 100%	56-0906609
Nb Holdings Corporation	Shareholder	1 Mar 2005	75% - 100%	56-1857749

Based in Boston

The principal office where Colonial Advisory Services Inc performs its advisory services is located at One Financial Center, Boston, MA 02111, 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 617-426-3750 or by fax 617-345-0919. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday.