Redwood Investments, LLC (Newton)

Name: Redwood Investments, LLC
Address: One Gateway Center, Suite 802, Newton, MA, 02458
Telephone: 617-467-3000

Redwood Investments, LLC is a large advisory firm based in Newton. It manages $1.8 billion of regulatory assets for 210 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Delaware, and 6 other states.

Redwood Investments 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.

Redwood Investments: assets under management

The assets under management (AUM) of Redwood Investments, LLC is $1.8 billion. The firm's AUM has grown by 2965% since the beginning of its operation, and $84.97 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.8 billion in discretionary accounts and $304.87 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.75 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.22 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Redwood Investments, 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 Redwood Investments serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Redwood Investments is state or municipal government entities with 30 clients and $1.22 billion of assets under management. Among the 9 most similar advisory firms, Redwood Investments has the 2nd highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.8 billion for 210 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Redwood Investments doesn't advise any private funds.

Careers at Redwood Investments, LLC

The company employs 17 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Jennifer Katz Silver	Managing partner, board of managers	1 Jul 2004	50% - 75%	2916296
Steven Tracy Flammey	Cfo/chief compliance officer	1 Jul 2004	Other	4863349
Michael J Mufson	Managing partner, board of managers	1 Jul 2004	25% - 50%	4875863
Steve Tracy Flammey	Chief compliance officer	1 Jul 2004	Other	4863349
Valerie Babe Klaiman	Partner	1 Jul 2004	Other	1194455
Steven Paul Rosenthal	Board of managers	1 Jan 2008	Other	4394130
Llc Legato Capital Management Ventures	Owner	1 Jan 2008	Other	12-3456789
Victor Louis Hymes	Board of managers	1 Jan 2008	Other	1164580
Lp Estancia Capital Partners	Partner	1 Dec 2015	Other	27-0665503
Michael Casares Mendez	Outside director	1 Dec 2015	Other	2273279

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Casares Mendez	Trustee	1 Dec 1992	Other	2273279
Cheryl Lynn Mendez	Trustee	1 Dec 1992	Other	6147164
California Public Employees' Retirement System	Member	1 Jan 2006	75% - 100%	94-6207465
Llc Legato Capital Management	Managing member	1 Jan 2006	Other	20-4148562
Llc Estancia Managing Directors	Managing member	1 May 2010	75% - 100%	27-2804671
Llc Estancia Gp	General partner	1 Oct 2012	Other	27-0665256
Llc Third Act	Member	1 Jan 2013	50% - 75%	46-1924446
1992 Mendez Family Trust U/T/A Dated December 14	Member	1 Jan 2013	50% - 75%	xxx-xx-xxxx

Based in Newton

The principal office where Redwood Investments, LLC performs its advisory services is located at One Gateway Center, Suite 802, Newton, MA 02458, 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 617-467-3000 or by fax 617-581-6677. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at redwoodinv.com.