New England Asset Management, Inc

CRD#105900
Investment Advisor Firm

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Learn more about New England Asset Management, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    New England Asset Management, Inc is located at 74 Batterson Park Rd., Farmington, CT. The firm employs 49 financial advisors to manage client portfolios and provide financial guidance. New England Asset Management, Inc is not a registered broker-dealer.

    New England Asset Management, Inc oversees $95.2 billion in assets under management across 824 accounts, of which 628 are discretionary and 196 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and the publication of newsletters. The firm caters to investment companies, pooled investment vehicles, state or municipal government entities, and insurance companies, with insurance companies being the largest client type by accounts. The fee structure at New England Asset Management, Inc includes asset-based and fixed fees.

    New England Asset Management, Inc is registered in the states of California, Connecticut, Illinois, Louisiana, Nevada, and Texas.

    Assets Under Management

    $95.2 billion

    Number of Advisors

    49

    Disclosures

    No

    Office Location

    74 Batterson Park Rd.
    Farmington, CT 06032

    New England Asset Management, Inc by the Numbers

    Total Assets Under Management

    $95.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    112

    National Average: 64
    Total Number of Accounts

    824

    National Average: 375,227
    Average Account Size

    $115.6 million

    National Average: $23.0 thousand
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    Products and Services

    New England Asset Management, Inc offers a variety of financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and publication of newsletters. However, New England Asset Management, Inc did not provide financial planning services to any of its customers in the prior fiscal year. The Firm is engaged in selling products or offering services apart from investment advisory services to its customers.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advisory services usually are based on the services provided. Fees charged by New England Asset Management, Inc may include any combination of the following fee types: asset-based or fixed.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm provides services to investment companies, pooled investment vehicles, state or municipal government entities, and insurance companies. Out of its 4 clients, New England Asset Management, Inc's largest client group by number of accounts is insurance companies.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    New England Asset Management, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at New England Asset Management, Inc

    Christian Auger
    Farmington, CT

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