Tremont Realty Advisors LLC (Newton)

Name: Tremont Realty Advisors LLC
Address: 255 Washington Street, Newton, MA, 02458 1634
Telephone: 617-867-0700

Tremont Realty Advisors LLC is a large advisory firm based in Newton. It manages $139.79 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Massachusetts.

Tremont Realty Advisors provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tremont Realty Advisors: assets under management

The assets under management (AUM) of Tremont Realty Advisors LLC is $139.79 million. The firm's AUM has gone down by -27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $114.43 million in discretionary accounts and $25.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $57.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25.36 million.

Tremont Realty Advisors has custody of $114.43 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tremont Realty Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Barry Michael Portnoy serves?

The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Barry Michael Portnoy is pooled investment vehicles with 2 clients and $114.43 million of assets under management. Among the 10 most similar advisory firms, Tremont Realty Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $139.79 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Tremont Realty Advisors also advises several private funds. Namely, one real estate fund.

Careers at Tremont Realty Advisors LLC

The company employs 18 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No 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 Michael Portnoy has been acting as President since 1 Mar 2016. Jared Robert Lewis joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Barry Michael Portnoy	Director	1 Mar 2016	Other	4729254
Jennifer Babbin Clark	Executive vice president, general counsel & secretary	1 Mar 2016	Other	4729261
Vern David Larkin	Chief compliance officer & director of internal audit	1 Mar 2016	Other	6034644
Matthew Paul Jordan	Executive vice president, treasurer & chief financial officer	1 Mar 2016	Other	5697934
Adam David Portnoy	Director, president & chief executive officer	1 Mar 2016	Other	2404829
The Rmr Group Llc	Sole member	1 Mar 2016	75% - 100%	04-3583787
David Michael Blackman	Executive vice president	1 Mar 2016	Other	4050154
Richard Carl Gallitto	Senior vice president	1 Sep 2016	Other	6029981
Gerald Douglas Lanois	Vice president	1 Sep 2016	Other	6029986
Daniel Owen Mee	Senior vice president	1 Sep 2016	Other	3048829
David Michael Blackman	President and chief executive officer	1 Jan 2018	Other	4050154
Gerald Douglas Lanois	Senior vice president	1 Sep 2018	Other	6029986
Jared Robert Lewis	Vice president	1 Oct 2018	Other	6030035

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Rmr Group Inc.	Class b managing member & class a member	1 Jun 2015	50% - 75%	47-4122583
Abp Trust	Class a member	1 Jun 2015	25% - 50%	04-3402206
Barry Michael Portnoy	Trustee & owner	1 Jun 2015	50% - 75%	4729254
Adam David Portnoy	Trustee & owner	1 Jun 2015	25% - 50%	2404829
Diane Portnoy	Shareholder	1 Apr 2018	25% - 50%	6961751

Based in Newton

The principal office where Tremont Realty Advisors LLC performs its advisory services is located at 255 Washington Street, Newton, MA 02458 1634, 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 617-867-0700 or by fax 617-796-8376. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at tremontcapital.com.