Baldwin Brothers LLC

CRD#105343
Investment Advisor Firm

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Overview

Baldwin Brothers LLC operates as an advisory company that has its headquarters in Marion, Massachusetts. It has $1.9 billion in assets across 1,848 client accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). Baldwin Brothers LLC has a small team, including 12 financial advisors. Baldwin Brothers LLC is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like options, equities and bonds.

Baldwin Brothers LLC manages more than half of the company's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction judgments for the client's account without requiring the client's permission. Baldwin Brothers LLC also oversees 22 non-discretionary accounts totaling $36.9 million in AUM. The firm's average account size is $1.0 million. An average financial advisor at Baldwin Brothers LLC oversees around 154 client accounts.

The company's headquarters is located at 204 Spring Street, Marion, Massachusetts 2738. It is legally permitted to provide services to customers across 28 U.S. states and territories.

Assets Under Management

$1.9 billion

Number of Advisors

12

Disclosures

No

Office Location

204 Spring Street
Marion, MA 02738

Baldwin Brothers LLC by the Numbers

Total Assets Under Management

$1.9 billion

National Average: $8.6 billion
Total Number of Employees

30

National Average: 64
Total Number of Accounts

1,848

National Average: 375,227
Average Account Size

$1.0 million

National Average: $23.0 thousand
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Products and Services

Baldwin Brothers LLC provides a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. In the prior fiscal year, Baldwin Brothers LLC provided 11-25 of its accounts with financial planning services. The firm does not sell products or offer services other than investment advisory services to its investment advisory accounts. It is also affiliated with a number of other service providers in the financial services industry, including with a lawyer or law firm.

Core Advisor Services

  • Offered by 31% of firms

    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.

  • Find a firm that offers this service

    Market Timing Services

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

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

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

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    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 charged by financial advisors usually are based on which services the firm provides the client. Fees billed by Baldwin Brothers LLC can consist of some combination of the following fee structures: asset-based, fixed or other. The firm does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.

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.

  • Offered by 10% of firms

    Other

    Show Explanation

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

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.

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Types of Clients

Baldwin Brothers LLC manages money for a number of different customers. The firm caters to retail investors, high net worth investors, business development companies, pooled investment vehicles, charitable organizations and corporations. Out of its 1,848 customers, Baldwin Brothers LLC's largest client is retail investors, although it also manages money for 287 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 4% of its customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 38.11%
  • Other Individuals - 51%
  • Corporations - 5.84%
  • Charitable Organizations - 5.05%

* 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

Baldwin Brothers LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Baldwin Brothers LLC

Leah Adamucci
Marion, MA
Andrew Macken
Marion, MA
William Klein
Marion, MA
Kathryn Rowe
Marion, MA
John Mannix
Marion, MA
Dylan Sage
Mill Valley, CA
William Marvel
Marion, MA
Kimberly Tirrell
Marion, MA
Andrew Mcintire
Marion, MA

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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