Atwater Wealth Management, Inc. (Boston)

Name: Atwater Wealth Management, Inc.
Address: 176 Federal Street, Boston, MA, 02110
Telephone: 617-723-1439

Atwater Wealth Management, Inc. is a large advisory firm based in Boston. It manages $96.4 million of regulatory assets for 225 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Massachusetts and New Hampshire.

Atwater Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Atwater Wealth Management: assets under management

The assets under management (AUM) of Atwater Wealth Management, Inc. is $96.4 million. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $94.04 million in discretionary accounts and $2.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $433.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $295.4 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is other assets, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Atwater Wealth Management, Inc. 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 Atwater Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Atwater Wealth Management is high net worth individuals with 39 clients and $71.64 million of assets under management. Among the 3 most similar advisory firms, Atwater Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.4 million for 75 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.

Atwater Wealth Management doesn't advise any private funds.

Careers at Atwater Wealth Management, Inc.

The company employs 3 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 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.

Katherine Ann Grant joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Caroline Anne Gaffney	Chief executive officer/chief compliance officer	1 Aug 2014	75% - 100%	4699800
Katherine Ann Grant	Chief operating officer	1 Sep 2014	Other	5830295

Based in Boston

The principal office where Atwater Wealth Management, Inc. performs its advisory services is located at 176 Federal Street, Boston, MA 02110, 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 617-723-1439 or by fax 857-350-3617. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at atwaterwealth.com.