East Coast Asset Management, LLC is a large advisory firm based in Essex. It manages $459.24 million of regulatory assets for 386 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Colorado, Delaware, and 6 other states.
East Coast Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of East Coast Asset Management, LLC is $459.24 million. The firm's AUM has grown by 247% since the beginning of its operation, and $3.61 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay East Coast Asset Management, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of East Coast Asset Management is high net worth individuals with 112 clients and $199.23 million of assets under management. Among the 13 most similar advisory firms, East Coast Asset Management has the 7th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $232.46 million for 219 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
East Coast Asset Management doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 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.
The principal office where East Coast Asset Management, LLC performs its advisory services is located at 16 Martin Street, Essex, MA 01929 The mailing address of the firm is Po Box 566, Essex, MA 01929. 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 978-801-0860 or by fax 978-801-3111. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at eastcoastasset.com.