Boston Research And Management, Inc. (Manchester)

Name: Boston Research And Management, Inc.
Address: 40 Beach Street, Manchester, MA, 01944 1464
Telephone: (978) 526-9700

Boston Research And Management, Inc. is a large advisory firm based in Manchester. It manages $385.39 million of regulatory assets for 415 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, Maine, Massachusetts, and New Hampshire.

Boston Research And Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio reviews for trustees for an hourly fee. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Boston Research And Management: assets under management

The assets under management (AUM) of Boston Research And Management, Inc. is $385.39 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $385.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $928.65 thousand each.

Boston Research And Management has custody of $67.21 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is state and local bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Boston Research And Management, Inc. 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 Raymond James Stecker serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Raymond James Stecker is high net worth individuals with 62 clients and $350.99 million of assets under management. Among the 10 most similar advisory firms, Boston Research And Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $375.13 million for 114 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 Research And Management doesn't advise any private funds.

Careers at Boston Research And Management, Inc.

The company employs 8 people that are either part- or full-time employees. 75 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Raymond James Stecker has been acting as President since 1 Jun 1991. Daniel F. Tortola has served as the Chief Investment Officer since 1 Dec 2014. Benjamin James Muchler joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond James Stecker	President/ceo	1 Jun 1991	75% - 100%	1305140
Christopher M Begg	Principal/vice president	1 Jan 2003	Other	4688183
Daniel Larsen	Portfolio manager/chief compliance officer	1 Jul 2003	Other	4858086
Benjamin James Muchler	Managing partner	1 Jan 2011	Other	3095504
Daniel F. Tortola	Partner	1 Jan 2011	Other	5643293
Robert Stuart Mckenzie	Chief compliance officer/senior client advisor	1 Sep 2014	Other	4393552
Benjamin James Muchler	Managing director	1 Dec 2014	Other	3095504
Daniel F. Tortola	Chief investment officer	1 Dec 2014	Other	5643293
Daniel Frederick Tortola	Chief investment officer	1 Dec 2014	Other	5643293

Based in Manchester

The principal office where Boston Research And Management, Inc. performs its advisory services is located at 40 Beach Street, Manchester, MA 01944 1464, 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 (978) 526-9700 or by fax (978) 526-1804. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at bostonrm.com/.