Barry Investment Advisors, LLC (New Bedford)

Name: Barry Investment Advisors, LLC
Address: 128 Union Street, New Bedford, MA, 02740
Telephone: 888-992-8601

Barry Investment Advisors, LLC is a large advisory firm based in New Bedford. It manages $602.16 million of regulatory assets for 1,394 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

Barry Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Barry Investment Advisors: assets under management

The assets under management (AUM) of Barry Investment Advisors, LLC is $602.16 million. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $506.28 million in discretionary accounts and $95.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $405.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $661.2 thousand.

Barry Investment Advisors has custody of $302.33 million in cash and securities for 235 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Barry Investment 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.

What kind of clients Barry Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Barry Investment Advisors is high net worth individuals with 164 clients and $520.6 million of assets under management. Among the 10 most similar advisory firms, Barry Investment Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $581.36 million for 375 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.

Barry Investment Advisors doesn't advise any private funds.

Careers at Barry Investment Advisors, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 7 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.

Barry Investment Advisors, LLC is owned by Pamela A. Barry. Sharon Lee Elston joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Michael Barry	Chief compliance officer	1 Nov 2007	Other	13724
Patrick John Barry	Principal	1 Nov 2007	25% - 50%	4579414
Pamela A. Barry	Owner	1 Nov 2007	Other	5454263
Patrick John Barry	Managing member	1 Dec 2014	75% - 100%	4579414
Jeanine Marie Barry	Member	1 Dec 2014	Other	6441269
Sharon Lee Elston	Chief compliance officer	1 Feb 2017	Other	6775033

Based in New Bedford

The principal office where Barry Investment Advisors, LLC performs its advisory services is located at 128 Union Street, New Bedford, MA 02740, which is also the mailing address of the firm. An additional office of the firm is in Naples, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-992-8601 or by fax 508-992-4700. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at barryinvestmentadvisors.com.