Wellington Management Company LLP is a large advisory firm based in Boston. It manages $965.33 billion of regulatory assets for 1,591 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 28 other states.
Wellington Management Company provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of Wellington Management Company LLP is $965.33 billion. The firm's AUM has grown by 130% since the beginning of its operation, and $225.22 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wellington Management Company LLP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Wellington Management Company is investment companies with 240 clients and $503.96 billion of assets under management. Among the 13 most similar advisory firms, Wellington Management Company has the 5th lowest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $964.4 billion for 1,588 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 44% of the firm’s clients are foreign persons or businesses.
Wellington Management Company also advises several private funds. Namely, fifty one hedge funds, one liquidity fund, and fifty other private funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $10,000,000.
The company employs 1,699 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There are 4 people 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 don’t receive compensation from other entities for client referrals.
Gregory Scott Konzal joined the executive team most recently as the Chief Legal Officer.
The principal office where Wellington Management Company LLP performs its advisory services is located at 280 Congress Street, Boston, MA 02210, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-951-5000. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at wellington.com and its LinkedIn profile.