Mutual Service Corporation (Boston)


Mutual Service Corporation is a large advisory firm based in Boston. It manages $905.6 million of regulatory assets for 4,688 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Mutual Service Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for approximately 7,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mutual Service Corporation: assets under management

The assets under management (AUM) of Mutual Service Corporation is $905.6 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.6 million in discretionary accounts and $900 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $57.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $196.04 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mutual Service Corporation for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

Careers at Mutual Service Corporation

Gerald William Ii Robinson has been acting as President since 1 Dec 1994. Phillip Buhay Valtairo joined the executive team most recently as the Cfo/Finop.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Pacific Mutual Distributors Owner 1 Oct 1987 75% - 100% 4452
Inc. Pacific Select Distributors Owner 1 Oct 1987 75% - 100% 4452
Audrey Lee Milfs Secretary 1 Dec 1987 Other 1479205
Steven Tracy Shelton Crop 1 Mar 1989 Other 1141344
Thomas Cole Sutton Director 1 May 1989 Other 1479196
John Charles Prost Assistant vice president 1 May 1992 Other 1403169
John Lincoln Dixon President & ceo 1 Oct 1993 Other 68827
Glenn Stanley Schafer Director & chairman 1 Oct 1993 Other 1854809
Gerald William Ii Robinson Director 1 Dec 1994 Other 401613
Dennis Stanley Kaminski Senior vice president, asst. secretary, cao 1 Mar 1995 Other 1013459
John William Jr Poff Exec vice president, treasurer, coo 1 Mar 1995 Other 1159873
John Lincoln Dixon Chairman of the board 1 Apr 2001 Other 68827
Dennis Stanley Kaminski Executive vice president, asst. secretary, cao 1 Apr 2001 Other 1013459
John William Jr Poff President, treasurer, coo 1 Apr 2001 Other 1159873
Gari Craig Sanfilippo Crop 1 Sep 2002 Other 4151931
David Clifford Sr. Becker Finop, 1st vice president 1 Apr 2003 Other 4635972
Timothy James Lyle Sr. vice president/cco 1 Jan 2005 Other 1111138
Llc Pacific Select Group Owner 1 Dec 2005 75% - 100% 95-1079000
Llc Lpl Independent Advisor Service Group Managing member 1 Jun 2007 75% - 100% 95-3793471
Esther Marion Stearns Director 1 Jun 2007 Other 1088948
Stephanie Leigh Brown Director 1 Jun 2007 Other 1973369
William Edward Iii Dwyer Director 1 Jun 2007 Other 1274680
John Andrew Kalbaugh Chief executive officer 1 Jul 2007 Other 1821773
Stephanie Leigh Brown Director/secretary 1 Aug 2007 Other 1973369
John Andrew Kalbaugh Chief executive officer/chairman/director 1 Apr 2008 Other 1821773
John Michael Mcgivney Sr. vice president/chief compliance officer 1 Feb 2009 Other 1001787
Phillip Buhay Valtairo Cfo/finop 1 Sep 2009 Other 4481362
Kathleen Denise Vannoy Pineda Chief compliance officer 1 Sep 2009 Other 1347526

Indirect Owners

The SEC currently registers 15 indirect owners.

Name Entity Date acquired Ownership Employer ID
Pacific Mutual Life Inc. Owner 1 Oct 1987 75% - 100% 95-0179000
Pacific Life Insurance Company Owner 1 Oct 1987 75% - 100% 95-0179000
Pacific Mutual Holding Company Shareholder 1 Sep 1997 75% - 100% 33-0769202
Pacific Life Corp Shareholder 1 Sep 1997 75% - 100% 33-0769203
Pacific Life Insurance Co Shareholder 1 Dec 2005 75% - 100% 105169
Inc. Lpl Investment Holdings Principal stockholder 1 Dec 2005 75% - 100% 04-3046611
David Nmi Bonderman Stockholder 1 Dec 2005 25% - 50% xxx-xx-xxxx
James George Coulter Stockholder 1 Dec 2005 25% - 50% xxx-xx-xxxx
L.P. Hellman & Friedman Capital Partners V Stockholder 1 Dec 2005 25% - 50% 01-0818596
Llc Hellman & Friedman Investors V General partner 1 Dec 2005 Other 01-0818590
William Stanley Iii Price Stockholder 1 Dec 2005 25% - 50% xxx-xx-xxxx
Iv L.P. Tpg Genpar General partner 1 Dec 2005 Other 20-0347947
Inc. Tpg Advisors Iv General partner 1 Dec 2005 Other 20-0348083
L.P. Tpg Partners Iv Stockholder 1 Dec 2005 25% - 50% 20-0347894
Inc. Lpl Holdings Managing member 1 Jun 2007 75% - 100% 04-3046611

Based in Boston

The principal office where Mutual Service Corporation performs its advisory services is located at One Beacon Street, 22 Nd Floor, Boston, MA 02108, which is also the mailing address of the firm. An additional office of the firm is in Minneapolis, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (800)749-8900 or by fax (561)835-1920. The normal business hours are 8:30 am to 5:00 pm est on Monday - Friday. You can find more information about the New York firm at www.mutualservice.com.