Congress Asset Management Company, LLP is a large advisory firm based in Boston. It manages $7.1 billion of regulatory assets for 4,918 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Congress Asset Management Company provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Congress Asset Management Company, LLP is $7.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and $57.59 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Congress Asset Management Company, LLP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Daniel Anthony Lagan is high net worth individuals with 1,756 clients and $2.1 billion of assets under management. Among the 7 most similar advisory firms, Congress Asset Management Company has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $7.1 billion for 4,918 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.
Congress Asset Management Company doesn't advise any private funds.
The company employs 55 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 11 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.
Daniel Anthony Lagan has been acting as President since 1 Jan 1998. Fred Hugh Wofford joined the executive team most recently as the Chief Compliance Officer.
The principal office where Congress Asset Management Company, LLP performs its advisory services is located at 2 Seaport Lane, Boston, MA 02210 2001, 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 617-737-1566 or by fax 617-428-4399. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at congressasset.com.