Minot Wealth Management LLC (Westwood)

Minot Wealth Management LLC is a large advisory firm based in Westwood. It manages $393.1 million of regulatory assets for 275 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Massachusetts.

Minot Wealth Management provides financial planning services, portfolio management for individuals and small businesses, 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.

Minot Wealth Management: assets under management

The assets under management (AUM) of Minot Wealth Management LLC is $393.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $393.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.43 million each.

Investments

The firm invests in exchange traded securities the most. They account for 30% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in government bonds form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Minot Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Minot Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Minot Wealth Management is high net worth individuals with 65 clients and $389 million of assets under management. Among the 9 most similar advisory firms, Minot Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $393.1 million for 70 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.

Minot Wealth Management doesn't advise any private funds.

Careers at Minot Wealth Management LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 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
William John Corcoran	Member, managing partner, chief operating officer and chief compliance officer	1 Jan 2019	Other	5375617
Brian Patrick Mulvey	Managing member / managing partner	1 Apr 2019	75% - 100%	2286524
Patrick Eugene Donovan	Member / managing partner	1 Apr 2019	Other	5199726

Based in Westwood

The principal office where Minot Wealth Management LLC performs its advisory services is located at 690 Canton Street, Westwood, MA 02090, 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) 226-4668. The normal business hours are 8:30am to 5:00pm on Monday - Friday.