Charter Oak Capital Management, LLC (Portsmouth)

Name: Charter Oak Capital Management, LLC
Address: Two International Drive, Portsmouth, NH, 03801
Telephone: 800-646-5720

Charter Oak Capital Management, LLC is a large advisory firm based in Portsmouth. It manages $559.1 million of regulatory assets for 3,214 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Connecticut, Florida, and 12 other states.

Charter Oak Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Charter Oak Capital Management: assets under management

The assets under management (AUM) of Charter Oak Capital Management, LLC is $559.1 million. The firm's AUM has grown by 198% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $518.44 million in discretionary accounts and $40.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $187.98 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $89.17 thousand.

Charter Oak Capital Management has custody of $417.81 million in cash and securities for 832 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Charter Oak Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Charter Oak Capital Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Charter Oak Capital Management is individuals with 970 clients and $283.93 million of assets under management. Among the 6 most similar advisory firms, Charter Oak Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $559.1 million for 1,125 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.

Charter Oak Capital Management doesn't advise any private funds.

Careers at Charter Oak Capital Management, LLC

The company employs 17 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. 10 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Scott Troiano	Managing member/chief compliance officer	1 Sep 1988	50% - 75%	2282591
Jeffrey Scott Troiano	Managing member/chief compliance officer	1 Jul 2002	50% - 75%	2282591
Todd Michael Cesca	Partner	1 Oct 2011	Other	4187446
Lena Wyand	Partner	1 Oct 2011	Other	5448070
Samuel Richardson Reid	Partner	1 Jan 2015	Other	5209980
Karen Lee Zaramba	Partner	1 Jul 2015	Other	1874868

Based in Portsmouth

The principal office where Charter Oak Capital Management, LLC performs its advisory services is located at Two International Drive, Portsmouth, NH 03801, which is also the mailing address of the firm. An additional office of the firm is in Portland, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-646-5720 or by fax 866-289-0903. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at charteroakcm.com.