Boston Hill Advisors, LLC (North Andover)

Name: Boston Hill Advisors, LLC
Address: 100 Andover Bypass Street, North Andover, MA, 01845
Telephone: 877-227-0847

Boston Hill Advisors, LLC is a large advisory firm based in North Andover. It manages $672.77 million of regulatory assets for 2,860 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, Florida, and 10 other states.

Boston Hill Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and provide educational seminars relating to financial planning.. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Boston Hill Advisors: assets under management

The assets under management (AUM) of Boston Hill Advisors, LLC is $672.77 million. The firm's AUM has grown by 4907% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $643.49 million in discretionary accounts and $29.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $251.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $96.61 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Boston Hill Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

What kind of clients Boston Hill Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Boston Hill Advisors is high net worth individuals with 185 clients and $391.77 million of assets under management. Among the 11 most similar advisory firms, Boston Hill Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $660.62 million for 883 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.

Boston Hill Advisors doesn't advise any private funds.

Careers at Boston Hill Advisors, LLC

The company employs 12 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 8 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
Michael Francis Edwards	Managing member/chief compliance officer	1 Jul 2006	50% - 75%	4546833
Michael F Edwards	Chief compliance officer, manager and sole member	1 Jul 2006	75% - 100%	4546833
Michael Anthony Berardi	Principal	1 Sep 2006	50% - 75%	4634974
Joseph James Trainor	Managing member	1 Apr 2008	50% - 75%	3030875

Based in North Andover

The principal office where Boston Hill Advisors, LLC performs its advisory services is located at 100 Andover Bypass Street, North Andover, MA 01845, which is also the mailing address of the firm. An additional office of the firm is in Natick, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-227-0847 or by fax 978-683-3653. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at bostonhilladvisors.com.