O'brien Wealth Partners LLC (Boston)

Name: O'brien Wealth Partners LLC
Address: 177 Huntington Ave., Boston, MA, 02115
Telephone: [617] 547-6717

O'brien Wealth Partners LLC is a large advisory firm based in Boston. It manages $570.94 million of regulatory assets for 1,620 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Connecticut, and 12 other states.

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

O'brien Wealth Partners: assets under management

The assets under management (AUM) of O'brien Wealth Partners LLC is $570.94 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and $531.61 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $570.94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $352.43 thousand each.

O'brien Wealth Partners has custody of $185.06 million in cash and securities for 292 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 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay O'brien Wealth Partners LLC for their services and products based on a percentage of assets under management and hourly charges. 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 O'brien Wealth Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of O'brien Wealth Partners is high net worth individuals with 164 clients and $427.75 million of assets under management. Among the 8 most similar advisory firms, O'brien Wealth Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $570.94 million for 454 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.

O'brien Wealth Partners doesn't advise any private funds.

Careers at O'brien Wealth Partners LLC

The company employs 10 people that are either part- or full-time employees. 60 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 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
Arthur Marc O'brien	Ceo, treasurer, managing member	1 Nov 1987	75% - 100%	4367528
Sally Jane O'brien	Secretary	1 Nov 1987	Other	4368651
Elisabeth Meltzer Zimmerman	Cfp, principal, director of financial planning	1 May 1989	Other	1617587
Cynthia A Kuppens	Cfp, principal, director of client solutions, cco	1 Mar 2006	Other	4370154
Jill Ann Fopiano	Cfa, cfp, managing member, chief executive officer, chief investment officer	1 Sep 2012	50% - 75%	2286278
Brian Harlan Waldner	Cfa, cfp, senior vice president, dir. of investment strategy & research, cco	1 Apr 2014	Other	2747096
Ttee Marin O'brien Belhoussein Gst Trust Peter H. Berenson	Trustee	1 Nov 2016	Other	81-6646751
Ttee Stephanie O'brien Gst Trust Peter H. Berenson	Trustee	1 Nov 2016	Other	81-6648349
Richard Arthur Davies	Cfp, chief compliance officer	1 Feb 2019	Other	6544844

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Peter Hugh Berenson	Trustee	1 Jul 2016	Other	2854214

Based in Boston

The principal office where O'brien Wealth Partners LLC performs its advisory services is located at 177 Huntington Ave., Boston, MA 02115, 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] 547-6717 or by fax [617] 547-9516. The normal business hours are 8:45 to 5:15 on Monday - Friday. You can find more information about the New York firm at obrienwp.com.