Truehand, Inc. (Strafford)

Truehand, Inc. is a large advisory firm based in Strafford. It manages $191.36 million of regulatory assets for 89 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Massachusetts, New Hampshire, and Vermont.

Truehand provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Truehand: assets under management

The assets under management (AUM) of Truehand, Inc. is $191.36 million. The firm's AUM has grown by 554% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $186.58 million in discretionary accounts and $4.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.14 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.39 million.

Truehand has custody of $143.43 million in cash and securities for 44 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 27% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Truehand, Inc. 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.

What kind of clients Truehand serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Truehand is high net worth individuals with 47 clients and $174.39 million of assets under management. Among the 10 most similar advisory firms, Truehand has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $191.36 million for 66 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.

Truehand doesn't advise any private funds.

Careers at Truehand, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 compensates 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
Philip Theopold Chaplin	President & chief compliance officer	1 Jul 2002	75% - 100%	2803140

Based in Strafford

The principal office where Truehand, Inc. performs its advisory services is located at 16 Theopold Lane, Strafford, NH 03884 6392, 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 603-269-4400 or by fax 603-269-4500. The normal business hours are 9am to 5pm on Monday - Friday.