Montis Financial, LLC (Waltham)

Name: Montis Financial, LLC
Address: 230 Third Avenue, Waltham, MA, 02451
Telephone: 781-541-5057

Montis Financial, LLC is a large advisory firm based in Waltham. It manages $511.3 million of regulatory assets for 1,132 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, District of Columbia, Florida, and 5 other states.

Montis Financial provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Montis Financial: assets under management

The assets under management (AUM) of Montis Financial, LLC is $511.3 million. The firm's AUM has grown by 27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $498.7 million in discretionary accounts and $12.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $450.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $504 thousand.

Montis Financial has custody of $188.8 million in cash and securities for 113 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 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Montis Financial, 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 Montis Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Montis Financial is high net worth individuals with 128 clients and $483 million of assets under management. Among the 6 most similar advisory firms, Montis Financial has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $511.1 million for 231 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.

Montis Financial doesn't advise any private funds.

Careers at Montis Financial, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Jon Dalto	Member, president & chief compliance officer	1 Apr 2012	25% - 50%	3184220
Christiane Shields Delessert	Member & chairman	1 Apr 2012	50% - 75%	725508
Jonathan M Ullman	Vice president	1 Mar 2015	Other	5907611

Based in Waltham

The principal office where Montis Financial, LLC performs its advisory services is located at 230 Third Avenue, Waltham, MA 02451, 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 781-541-5057 or by fax 781-547-5596. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at montisfinancial.com.