Marshfield Associates, Inc. (Washington)


Marshfield Associates, Inc. is a large advisory firm based in Washington. It manages $2.28 billion of regulatory assets for 2,685 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 31 other states.

Marshfield Associates provides portfolio management for individuals and small businesses and portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Marshfield Associates: assets under management

The assets under management (AUM) of Marshfield Associates, Inc. is $2.28 billion. The firm's AUM has grown by 122% since the beginning of its operation, and $44.86 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.26 billion in discretionary accounts and $25.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $848.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.12 million.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marshfield Associates, Inc. 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.

What kind of clients Marshfield Associates serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Marshfield Associates is high net worth individuals with 399 clients and $1.18 billion of assets under management. Among the 6 most similar advisory firms, Marshfield Associates has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.28 billion for 1,935 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.

Marshfield Associates doesn't advise any private funds.

Careers at Marshfield Associates, Inc.

The company employs 19 people that are either part- or full-time employees. 37 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
Christopher Martin Niemczewski Principal 1 Feb 1993 Other 1885043
William Gilmore Stott Principal 1 Feb 1993 Other 4336633
Carolyn Sue Miller Principal 1 Oct 1996 Other 1237808
Elise Jordan Hoffmann Principal 1 Oct 1996 Other 2688094
Melissa Vinick Principal 1 Dec 1997 Other 2688143
John Herbert Beatson Principal 1 Jan 2007 Other 3083596
Kimberly Nmn Vinick Chief compliance officer 1 May 2007 Other 5341377
Ashley M Finkelman General counsel 1 Jun 2007 Other 3137161
Chad Goldberg Principal 1 Jul 2012 Other 5636288
Kimberly Nmn Vinick Director of operations / chief compliance officer 1 Jul 2012 Other 5341377
Olayinka Abeny Odeniran Chief compliance officer 1 Aug 2012 Other 4381442
2014 Christopher M. Niemczewski Revocable Trust U/A Dtd June 6 Shareholder 1 Jun 2014 25% - 50% xxx-xx-xxxx
2014 Elise Hoffmann Revocable Turst U/A Dtd June 6 Shareholder 1 Jun 2014 Other xxx-xx-xxxx
Carmen Lynne Johnston Chief compliance officer 1 Jun 2015 Other 1203097

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Christopher Martin Niemczewski Trustee 1 Jun 2014 75% - 100% 1885043
Elise Jordan Hoffmann Trustee 1 Jun 2014 75% - 100% 2688094

Based in Washington

The principal office where Marshfield Associates, Inc. performs its advisory services is located at 21 Dupont Circle Nw, Washington, DC 20036, which is also the mailing address of the firm. An additional office of the firm is in Marlborough, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 202-828-6200 or by fax 202-828-6208. The normal business hours are 8:30am-5pm on Monday - Friday. You can find more information about the New York firm at marshfieldinc.com.