Proctor Financial, Inc. (Sherborn)

Name: Proctor Financial, Inc.
Address: 18 N. Main Street, Sherborn, MA, 01770
Telephone: 781-235-0405

Proctor Financial, Inc. is a large advisory firm based in Sherborn. It manages $207.27 million of regulatory assets for 912 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and Texas.

Proctor Financial provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, educational seminars and workshops, and tax preparation. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Proctor Financial: assets under management

The assets under management (AUM) of Proctor Financial, Inc. is $207.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 341% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $207.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $227.27 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Proctor Financial, Inc. for their services and products based on a percentage of assets under management and fixed fees. 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 Tony Joseph Proctor serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Tony Joseph Proctor is high net worth individuals with 70 clients and $151.38 million of assets under management. Among the 12 most similar advisory firms, Proctor Financial has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $207.27 million for 205 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.

Proctor Financial doesn't advise any private funds.

Careers at Proctor Financial, Inc.

The company employs 7 people that are either part- or full-time employees. 43 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.

Tony Joseph Proctor has been acting as President since 1 Jul 2002. Stephen Jenkins Doucette joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tony Joseph Proctor	President	1 Jul 2002	75% - 100%	2352599
Tony Joseph Proctor	Chief compliance officer	1 Oct 2004	75% - 100%	2352599
Stephen Jenkins Doucette	Vice president	1 Dec 2004	Other	3212789

Based in Sherborn

The principal office where Proctor Financial, Inc. performs its advisory services is located at 18 N. Main Street, Sherborn, MA 01770, 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 781-235-0405 or by fax 781-235-0610. The normal business hours are 10 am to 6 pm on Monday - Friday. You can find more information about the New York firm at proctorfinancial.com.