Rmr Mortgage Finance LLC (Newton)

Name: Rmr Mortgage Finance LLC
Address: 255 Washington Street, Newton, MA, 02458 1634
Telephone: 617-332-9530

Rmr Mortgage Finance LLC is a large advisory firm based in Newton. It manages $192.41 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Massachusetts.

Rmr Mortgage Finance provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Rmr Mortgage Finance: assets under management

The assets under management (AUM) of Rmr Mortgage Finance LLC is $192.41 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $143.34 million in discretionary accounts and $49.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $143.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $49.07 million.

Rmr Mortgage Finance has custody of $143.34 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rmr Mortgage Finance 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.

Careers at Rmr Mortgage Finance LLC

Barry Michael Portnoy has been acting as President since 1 Mar 2016. Richard Carl Gallitto joined the executive team most recently as the Senior Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Barry Michael Portnoy	Chairman	1 Mar 2016	Other	4729254
Jennifer Babbin Clark	Secretary & vice president	1 Mar 2016	Other	4729261
Matthew Paul Jordan	Treasurer, chief financial officer & assistant secretary	1 Mar 2016	Other	xxx-xx-xxxx
Adam David Portnoy	Director, president & chief executive officer	1 Mar 2016	Other	2404829
Vern David Larkin	Chief compliance officer	1 Mar 2016	Other	6034644
David Michael Blackman	Vice president	1 Mar 2016	Other	4050154
The Rmr Group Llc	Sole member	1 Mar 2016	75% - 100%	04-3583787
Richard Carl Gallitto	Senior vice president	1 Sep 2016	Other	6029981
Gerald Douglas Lanois	Vice president	1 Sep 2016	Other	6029986
Daniel Owen Mee	Senior vice president	1 Sep 2016	Other	3048829

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Rmr Group Inc.	Class b managing member & class a member	1 Jun 2015	50% - 75%	47-4122583
Abp Trust	Class a member	1 Jun 2015	25% - 50%	04-3402206
Barry Michael Portnoy	Trustee & owner	1 Jun 2015	50% - 75%	4729254
Adam David Portnoy	Trustee & owner	1 Jun 2015	25% - 50%	2404829

Based in Newton

The principal office where Rmr Mortgage Finance LLC performs its advisory services is located at 255 Washington Street, Newton, MA 02458 1634, 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 617-332-9530 or by fax 617-796-8376. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at rmrmortgagefinance.com.