Mascoma Wealth Management LLC (Hanover)

Name: Mascoma Wealth Management LLC
Address: 80 South Main Street, Hanover, NH, 03755
Telephone: 603-676-8813

Mascoma Wealth Management LLC is a large advisory firm based in Hanover. It manages $206.05 million of regulatory assets for 795 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 Vermont.

Mascoma Wealth Management provides financial planning services, portfolio management for individuals and small businesses, 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.

Mascoma Wealth Management: assets under management

The assets under management (AUM) of Mascoma Wealth Management LLC is $206.05 million. The firm's AUM has grown by 88% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $174.44 million in discretionary accounts and $31.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $245.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $371.79 thousand.

Mascoma Wealth Management has custody of $9.37 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in investment and business development companies form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mascoma Wealth Management LLC for their services and products based on a percentage of assets under management. 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 Mascoma Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Mascoma Wealth Management is high net worth individuals with 47 clients and $92.63 million of assets under management. Among the 9 most similar advisory firms, Mascoma Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $206.05 million for 438 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.

Mascoma Wealth Management doesn't advise any private funds.

Careers at Mascoma Wealth Management LLC

The company employs 6 people that are either part- or full-time employees. 83 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.

Fletcher Scott Cole has served as the Chief Investment Officer since 1 Feb 2015. Margaret Eberhart Cherington joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mascoma Savings Bank	Parent company	1 Feb 2015	75% - 100%	02-0163906
Robert Thomas Boon	Managing director & cco	1 Feb 2015	Other	2204796
Fletcher Scott Cole	Chief investment officer	1 Feb 2015	Other	2399974
Timothy Charles Briglin	Member	1 Feb 2015	Other	2514884
Frank Joseph Leibly Iii	Member	1 Feb 2015	Other	6452771
Mascoma Bank	Parent company	1 Feb 2015	75% - 100%	02-0163906
Robert Edwin Bowers	Member	1 Feb 2015	Other	6452761
Joel James Bedor	Member	1 Apr 2015	Other	6483737
Catherine Richmond Mccullough	Member	1 Apr 2016	Other	6657585
Margaret Eberhart Cherington	Member	1 Feb 2105	Other	6452764
Clayton Robert Adams	Member	1 Feb 2105	Other	6452773

Based in Hanover

The principal office where Mascoma Wealth Management LLC performs its advisory services is located at 80 South Main Street, Hanover, NH 03755, which is also the mailing address of the firm. An additional office of the firm is in Norwich, VT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-676-8813 or by fax 603-643-5347. The normal business hours are 8:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at mascomabank.com.