Kaspick & Company, LLC (Boston)

Name: Kaspick & Company, LLC
Address: 70 Franklin Street, Boston, MA, 02110 1313
Telephone: 650-585-4100

Kaspick & Company, LLC is a large advisory firm based in Boston. It manages $11.08 billion of regulatory assets for 6,263 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Colorado, Connecticut, and 15 other states.

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

Kaspick & Company: assets under management

The assets under management (AUM) of Kaspick & Company, LLC is $11.08 billion. The firm's AUM has grown by 360% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $11.04 billion in discretionary accounts and $44.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.77 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.16 million.

Kaspick & Company has custody of $10.56 billion in cash and securities for 185 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kaspick & Company, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Eugene Flood serves?

The firm provides services to individuals, charitable organizations, and pooled investment vehicles. The largest group of clients of Eugene Flood is charitable organizations with 145 clients and $8.15 billion of assets under management. Among the 9 most similar advisory firms, Kaspick & Company has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $9.74 billion for 183 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Kaspick & Company also advises several private funds. Namely, thirteen hedge funds, one other private fund, and eight private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Kaspick & Company, LLC

The company employs 140 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Eugene Flood has been acting as President since 1 Jun 2011. Abigail Benton Mason has served as the Chief Investment Officer since 1 Dec 1997. Vijay Nmn Tunikipati joined the executive team most recently as the Chief Risk Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Scott Kaspick	Member, board of managers, and chairman emeritus	1 Dec 1997	Other	1620758
Abigail Benton Mason	Chief investment officer	1 Dec 1997	Other	2609787
Inc. Kaspick & Co.	Managing member	1 Dec 1997	Other	77-0474163
Susan Mary Termohlen	Member	1 Dec 1997	Other	4296151
Charles Alan Korthals	Member	1 Dec 1997	Other	4296158
Abigail Mason	Member	1 Dec 1997	Other	2609787
Charles Scott Powers	Coo	1 Aug 2000	Other	4296159
Colleen Susan Mesec	Chief compliance officer	1 Jan 2004	Other	2453811
Francine Marie Miltenberger	Chief operating officer	1 Nov 2004	Other	4940040
Tiaa Cref Redwood Llc	Sole direct owner	1 Oct 2006	75% - 100%	20-5591124
Jr. Paul Joseph Van Heest	Member, board of managers	1 Oct 2006	Other	3083838
Edward Dinnage Van Dolsen	Chairman, board of managers	1 Oct 2006	Other	1043383
Jayesh Bhansali	Member, board of managers	1 Oct 2006	Other	2777605
Steven Louis Timmons	Member, board of managers	1 Oct 2006	Other	2854179
Bertram Lee Scott	Member, board of managers	1 May 2007	Other	4698925
Kim Lisa Petry	Member, board of managers	1 May 2007	Other	3004509
Stuart Redman Brunet	Chief compliance officer	1 Aug 2007	Other	1467307
Edward Dinnage Van Dolsen	Chairman, board of managers	1 Aug 2007	Other	1043383
Michael Bruce Kahn	Member, board of managers	1 Nov 2007	Other	5212942
Russell Gordon Noles	Member, board of managers	1 Nov 2008	Other	4828778
Pavita Fleischer	Chief compliance officer	1 May 2009	Other	5686549
Maureen Martha Milet	Chief compliance officer	1 Mar 2010	Other	1890742
Thomas Emil Grenville	Chief compliance officer	1 Oct 2010	Other	2737719
Lindy Sherwood	President, member, board of managers	1 May 2011	Other	2333137
Adym Wagner Rygmyr	Chief legal officer	1 May 2011	Other	4444592
Eugene Flood	Member, board of managers	1 May 2011	Other	1718626
Eugene Flood	Chairman	1 Jun 2011	Other	1718626
Jerold Joseph Mammano	Chief financial officer	1 Jun 2011	Other	4804323
Sarah Esterly Devany	Chief operating officer	1 Sep 2011	Other	2816547
Pamela Lee Lewis Marlborough	General counsel	1 Mar 2012	Other	4155943
Ronald Richard Pressman	Member, board of managers	1 Nov 2012	Other	1873904
Derek James Heaslip	Chief financial officer	1 Oct 2013	Other	6318596
Philip Andrew Rosztoczy	Chief financial officer	1 Dec 2014	Other	4756071
Glenn Robert Richter	Member, board of managers	1 Jun 2015	Other	5158526
David Sean Lyons	Chief compliance officer	1 Nov 2015	Other	2701115
Joseph Patrick Gerharz	Chief financial officer	1 Nov 2015	Other	5433948
Thomas Emil Grenville	Compliance officer	1 Nov 2015	Other	2737719
Carol Ward Deckbar	Member, board of managers	1 Jun 2016	Other	4056286
Andrew Thayer King	Counsel	1 Aug 2017	Other	6852665
Kevin J O'leary	Chair, board of managers / chief executive officer	1 Aug 2017	Other	4329123
Vijay Nmn Tunikipati	Chief risk officer	1 Mar 2018	Other	6929565
Michael Neddal Barakat	Chief compliance officer	1 Mar 2018	Other	3104832
Michael Jay Jawor	Chief investment officer tiaa endowments	1 Mar 2018	Other	5388108
Charles Alan Korthals	Chief client relationship officer	1 Mar 2018	Other	4296158
Meredith Jo Kornreich	General counsel	1 Mar 2018	Other	2403304
Lisa Wolfson Hess	Member, board of managers	1 Mar 2018	Other	861873
Courtney Kim Eastlack	Member, board of managers	1 Mar 2018	Other	2540869
Douglas Edward Chittenden	Member, board of managers	1 Mar 2018	Other	1719218

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Tiaa Board Of Overseers	Sole shareholder	1 Jun 1938	75% - 100%	13-6110585
Tiaa Board Of Overseers	Sole shareholder	1 May 1998	75% - 100%	13-6110585
Teachers Insurance And Annuity Association Of America	Sole owner	1 Aug 2006	75% - 100%	13-1624203

Based in Boston

The principal office where Kaspick & Company, LLC performs its advisory services is located at 70 Franklin Street, Boston, MA 02110 1313, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-585-4100 or by fax 650-595-1400. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at kaspick.com.