The Bollard Group LLC (Boston)

Name: The Bollard Group LLC
Address: One Joy Street, Boston, MA, 02108
Telephone: 617-720-5800

The Bollard Group LLC is a large advisory firm based in Boston. It manages $4.94 billion of regulatory assets for 543 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, Massachusetts, New Hampshire, and New York.

The Bollard Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and advising on private equity and special situation investments. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Bollard Group: assets under management

The assets under management (AUM) of The Bollard Group LLC is $4.94 billion. The firm's AUM has grown by 107% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.88 billion in discretionary accounts and $64.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.49 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.22 million.

The Bollard Group has custody of $4.93 billion in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in other assets form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Bollard Group LLC for their services and products based on a percentage of assets under management, hourly charges, 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 The Bollard Group serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of The Bollard Group is high net worth individuals with 12 clients and $3.89 billion of assets under management. Among the 4 most similar advisory firms, The Bollard Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.94 billion for 23 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.

The Bollard Group also advises several private funds. Namely, three hedge funds, thirteen real estate funds, one other private fund, seventeen private equity funds, forty two venture capital funds, and three securitized asset funds.

Careers at The Bollard Group LLC

The company employs 30 people that are either part- or full-time employees. 37 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
Anastasios Nmn Parafestas	Managing member and ceo	1 Feb 1995	75% - 100%	5879630
Mary Ellen Nmn Malloy	Member	1 Feb 1995	Other	5955284
Aldersey Street Llc	Member	1 Feb 1995	Other	82-2580359
Anastasios Nmn Parafestas	Managing member and ceo	1 Mar 1995	75% - 100%	5879630
Michael Scott Wheeler	Managing director	1 Jul 1998	Other	6039654
Anastasios Nmn Parafestas	Managing member and ceo	1 Mar 2000	75% - 100%	5879630
Silvestro John Calabrese	Member	1 Jan 2002	Other	5955216
Mary Ellen Nmn Malloy	Member	1 Jan 2006	Other	5955284
Marc David Poirier	Managing director	1 May 2010	Other	6039649
George Elliot Hibbard	Chief compliance officer	1 Sep 2010	Other	4726702
James Keen Cornell	Managing director	1 Jan 2011	Other	2826487

Based in Boston

The principal office where The Bollard Group LLC performs its advisory services is located at One Joy Street, Boston, MA 02108, 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 617-720-5800 or by fax 617-720-3490. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at bollard.com.