Duvarney, Craig Douglas (Harvard)

Name: Duvarney, Craig Douglas
Address: 233 Ayer Road, Harvard, MA, 01451
Telephone: 978-772-2156

Duvarney, Craig Douglas is a large advisory firm based in Harvard. It manages $134.76 million of regulatory assets for 482 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Massachusetts and New Hampshire.

Duvarney, Craig Douglas provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Duvarney, Craig Douglas: assets under management

The assets under management (AUM) of Duvarney, Craig Douglas is $134.76 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $117.14 million in discretionary accounts and $17.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $265.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $440.58 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Duvarney, Craig Douglas for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Duvarney, Craig Douglas serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Duvarney, Craig Douglas is high net worth individuals with 54 clients and $92.09 million of assets under management. Among the 10 most similar advisory firms, Duvarney, Craig Douglas has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $134.76 million for 125 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.

Duvarney, Craig Douglas doesn't advise any private funds.

Careers at Duvarney, Craig Douglas

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Craig Douglas Duvarney	Certified financial planner, chief compliance officer	1 Mar 2003	75% - 100%	3192550

Based in Harvard

The principal office where Duvarney, Craig Douglas performs its advisory services is located at 233 Ayer Road, Harvard, MA 01451, 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 978-772-2156 or by fax 413-254-9735. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at craigduvarney.com.