Sachetta & Callahan, LLC (Lynnfield)

Name: Sachetta & Callahan, LLC
Address: 600 Market Street, Lynnfield, MA, 01940
Telephone: 781-233-4138

Sachetta & Callahan, LLC is a large advisory firm based in Lynnfield. It manages $203.43 million of regulatory assets for 1,039 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and Texas.

Sachetta & Callahan provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sachetta & Callahan: assets under management

The assets under management (AUM) of Sachetta & Callahan, LLC is $203.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $203.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.79 thousand each.

Sachetta & Callahan has custody of $34.52 million in cash and securities for 59 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sachetta & Callahan, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Joseph Sachetta serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Joseph Sachetta is high net worth individuals with 59 clients and $110.89 million of assets under management. Among the 11 most similar advisory firms, Sachetta & Callahan has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $203.43 million for 365 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.

Sachetta & Callahan doesn't advise any private funds.

Careers at Sachetta & Callahan, LLC

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 4 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.

Joseph Sachetta has been acting as President since 1 Nov 2007. Michael Joseph Callahan joined the executive team most recently as the Cco/Treasurer/Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Joseph Callahan	Cco/treasurer/secretary	1 Nov 2007	25% - 50%	4649835
Joseph Sachetta	President	1 Nov 2007	25% - 50%	4866579
Stephen Sachetta	Vice president	1 Nov 2007	25% - 50%	5451386

Based in Lynnfield

The principal office where Sachetta & Callahan, LLC performs its advisory services is located at 600 Market Street, Lynnfield, MA 01940, 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 781-233-4138 or by fax 781-233-4249. The normal business hours are 9:30am-4:00pm on Monday - Friday. You can find more information about the New York firm at sachetta.com.