Briggs Advisory Group, Inc. (Lincoln)

Name: Briggs Advisory Group, Inc.
Address: 24 Albion Road, Lincoln, RI, 02865
Telephone: 401-334-3400

Briggs Advisory Group, Inc. is a large advisory firm based in Lincoln. It manages $270.79 million of regulatory assets for 807 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 4 other states.

Briggs Advisory Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Briggs Advisory Group: assets under management

The assets under management (AUM) of Briggs Advisory Group, Inc. is $270.79 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $270.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $335.55 thousand each.

Briggs Advisory Group has custody of $5.59 million in cash and securities for 11 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 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Briggs Advisory Group, 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.

What kind of clients Briggs Advisory Group serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Briggs Advisory Group is high net worth individuals with 67 clients and $167.62 million of assets under management. Among the 12 most similar advisory firms, Briggs Advisory Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $270.79 million for 377 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.

Briggs Advisory Group doesn't advise any private funds.

Careers at Briggs Advisory Group, Inc.

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Harold Edward Briggs	Principal / wealth advisor / treasurer / chief compliance officer	1 Oct 2014	75% - 100%	4404074
Christopher J Ricci	Vice president / wealth advisor	1 Jan 2018	Other	5575929

Based in Lincoln

The principal office where Briggs Advisory Group, Inc. performs its advisory services is located at 24 Albion Road, Lincoln, RI 02865, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-334-3400 or by fax 401-334-3425. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at briggsadvisory.com.