Delessert Financial Services Inc (Waltham)

Name: Delessert Financial Services Inc
Address: 230 Third Avenue, Waltham, MA, 02451
Telephone: 781-541-5057

Delessert Financial Services Inc is a large advisory firm based in Waltham. It manages $339.83 million of regulatory assets for 1,029 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Massachusetts.

Delessert Financial Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Delessert Financial Services: assets under management

The assets under management (AUM) of Delessert Financial Services Inc is $339.83 million. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $289.97 million in discretionary accounts and $49.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $312.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $493.64 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Delessert Financial Services Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

Careers at Delessert Financial Services Inc

Robert Steven Zuccaro has been acting as President since 1 Aug 2003. Douglas W Hammond joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Delessert Financial Services Inc	President	1 Apr 1994	75% - 100%	106005
Christiane S. Delessert	President, treasurer and clerk	1 Apr 1994	Other	xxx-xx-xxxx
Christiane Shields Delessert	President, treasurer and clerk	1 Apr 1994	Other	xxx-xx-xxxx
Richard J. Schermerhorn	Compliance officer	1 Mar 2000	Other	4864266
Richard John Schermerhorn	Chief compliance officer	1 Mar 2000	Other	4864266
National Financial Partners Corp.	Shareholder	1 Sep 2002	75% - 100%	13-4029115
Christopher Jon Dalto	Vice president	1 Sep 2002	Other	xxx-xx-xxxx
Lawrence Becker	Vice president	1 Sep 2002	Other	13-4029115
Douglas Hammond	Vice president	1 Sep 2002	Other	13-4029115
Stephanie Scherr Olson	Vice president	1 Sep 2002	Other	13-4029115
Lori Lieser	Vice president	1 Sep 2002	Other	13-4029115
Renee R. Noack	Assistant clerk	1 Sep 2002	Other	13-4029115
Miriam Katz	Assistant clerk	1 Sep 2002	Other	13-4029115
Robert Steven Zuccaro	Director	1 Aug 2003	Other	4240378
Christopher Jon Dalto	President & chief compliance officer	1 Jan 2008	Other	3184220
Christiane Shields Delessert	Chairman, treasurer and clerk	1 Jan 2008	Other	725508
Peter Shaw Cowenhoven	Vice president	1 Oct 2008	Other	4677775
Brett Ronald Schneider	Director	1 Jan 2009	Other	5636953
James Roderick Gelder	Director	1 May 2010	Other	1018471
Malika Hinkson	Director	1 May 2010	Other	5867426
Jon M Ullman	Director of financial planning	1 Jan 2011	Other	5907611
Douglas W Hammond	Director	1 May 2012	Other	4372071
James Lynn Poer	Director, president	1 May 2012	Other	1983357
Michael Ross Pedlow	Chief compliance officer, vice president	1 May 2012	Other	4871563
David Anthony Horn	Secretary, vice president	1 May 2012	Other	4404690
Christopher Jon Dalto	Chief compliance officer	1 May 2012	75% - 100%	3184220

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp ("Apollo Fund") Apollo Investment Fund Iv	Shareholder	1 Sep 2002	25% - 50%	13-3985622
Lp ("Apollo Advisors") Apollo Advisors Iv	General partner	1 Sep 2002	Other	13-3582975
Inc. Apollo Capital Management Iv	General partner	1 Sep 2002	Other	13-3983721

Based in Waltham

The principal office where Delessert Financial Services Inc performs its advisory services is located at 230 Third Avenue, Waltham, MA 02451, 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 781-541-5057 or by fax 781-417-6430. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at www.delessertfinancial.com.