Exchange Place Advisors, LLC (Sudbury)


Exchange Place Advisors, LLC is a large advisory firm based in Sudbury. It manages $188.53 million of regulatory assets for 515 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Massachusetts, New Hampshire, New Jersey, and 3 other states.

Exchange Place Advisors provides financial planning services and 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.

Exchange Place Advisors: assets under management

The assets under management (AUM) of Exchange Place Advisors, LLC is $188.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 595% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $188.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $366.08 thousand each.
Exchange Place Advisors has custody of $6.71 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 88% of the total AUM. The second-largest asset type is state and local bonds, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Exchange Place Advisors, LLC 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.

What kind of clients Exchange Place Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Exchange Place Advisors is high net worth individuals with 53 clients and $153.61 million of assets under management. Among the 12 most similar advisory firms, Exchange Place Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $188.53 million for 175 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.

Exchange Place Advisors doesn't advise any private funds.

Careers at Exchange Place Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Christopher Ollquist President / member 1 Feb 2003 50% - 75% 839716
Thomas Anthony Padovano Principal / senior vice president / chief compliance officer 1 Mar 2004 25% - 50% 1341850

Based in Sudbury

The principal office where Exchange Place Advisors, LLC performs its advisory services is located at 121 Boston Post Road, Sudbury, MA 01776, 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 978-443-2713 or by fax 978-443-3287. The normal business hours are by appointment only on Monday - Friday.