Old North Advisors, LLC (Boston)

Name: Old North Advisors, LLC
Address: 24 Federal Street, Boston, MA, 02110 2500
Telephone: 617-259-1700

Old North Advisors, LLC is a large advisory firm based in Boston. It manages $227.86 million of regulatory assets for 321 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, New York, and Vermont.

Old North Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Old North Advisors: assets under management

The assets under management (AUM) of Old North Advisors, LLC is $227.86 million. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $183.71 million in discretionary accounts and $44.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $680.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $865.69 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Old North 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.

Careers at Old North Advisors, LLC

John Robert Lapann has been acting as President since 1 Sep 2004. Jennifer Christian Murtie joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Robert Lapann	Chairman	1 Sep 2004	Other	1034888
Federal Street Advisors Inc	Member	1 Sep 2004	75% - 100%	106387
Cumaresan Balamurugan	Shareholder (common)	1 Sep 2004	Other	4034599
Matthew Grady	President / chief compliance officer / shareholder (common)	1 Dec 2004	50% - 75%	4362567
Richard William Blasdale	Independent manager	1 Apr 2005	Other	4771558
William Spang Peck	President/chief compliance officer	1 Jan 2010	Other	1274910
Kristin Lynn Fafard	Cio	1 Jan 2013	Other	2722375
Kelly Maregni	Director	1 Jan 2013	Other	6102165
Richard Miles Tardiff	Cco	1 Jan 2013	Other	4629253
Jennifer Christian Murtie	Coo	1 Jan 2013	Other	6155714
Robert Rose Gould	Executive vice president, director of advisory services	1 Oct 2013	Other	2572414
Jennifer Christian Murtie	President	1 Sep 2014	Other	6155714
Eric James Godes	Coo and chief wealth advisory officer	1 Sep 2014	Other	1207569

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Robert Lapann	Director, chairman, shareholder	1 May 1991	75% - 100%	1034888

Based in Boston

The principal office where Old North Advisors, LLC performs its advisory services is located at 24 Federal Street, Boston, MA 02110 2500, 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 617-259-1700 or by fax 617-259-1701. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at oldnorthadvisors.com.