Cambridge Associates, LLC (Boston)

Cambridge Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cambridge Associates: assets under management

The assets under management (AUM) of Cambridge Associates, LLC is $210.35 billion. The firm's AUM has grown by 680643% since the beginning of its operation, and $20.53 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $30.67 billion in discretionary accounts and $179.68 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $273.83 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $441.48 million.

Cambridge Associates has custody of $27.58 billion in cash and securities for 107 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in investment and business development companies form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cambridge Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Noel Dominick Oneill serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Noel Dominick Oneill is charitable organizations with 304 clients and $117.49 billion of assets under management. Among the 11 most similar advisory firms, Cambridge Associates has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $191.78 billion for 508 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 9% of the firm’s clients are foreign persons or businesses.

Cambridge Associates also advises several private funds. Namely, fifty six hedge funds and twenty private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Cambridge Associates, LLC

The company employs 978 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No 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.

Noel Dominick Oneill has been acting as President since 1 Feb 2019. Philip Armstrong Walton joined the executive team most recently as the Manager.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 22 indirect owners.

Based in Boston

The principal office where Cambridge Associates, LLC performs its advisory services is located at 125 High Street, Boston, MA 02110 2112, which is also the mailing address of the firm. An additional office of the firm is in Menlo Park, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-457-7500 or by fax 617-457-7501. The normal business hours are 8:30am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at cambridgeassociates.com.

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