Beaton Management Co Inc
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Overview
Beaton Management Co Inc operates as an advisory firm based in Haverhill, Massachusetts. It administers $306.0 million in total assets across 140 customer accounts, placing it in the mid-tier of investment advisory firms in the United States by assets under management (AUM). The firm has a small group, including 2 financial advisors. Beaton Management Co Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets like stocks, bonds and options.
Beaton Management Co Inc administers most of the company's accounts in a discretionary manner. Discretionary management means that transaction decisions are made by an investment advisor without needing client authorization. The firm also has five non-discretionary accounts with a total of $11.3 million in AUM. The company's typical account size is $2.2 million. The typical advisor at Beaton Management Co Inc manages around 70 client accounts, making it about average in terms of personalization.
The firm's headquarters is located at 150 Summer Street, Haverhill, Massachusetts 01830-6032. The company is legally allowed to provide services to clients in the state of Massachusetts.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Beaton Management Co Inc by the Numbers
$306.0 million
2
140
$2.2 million
Fee Structure
Fees charged by financial advisors usually are based on the type of services provided. However, fees charged by Beaton Management Co Inc typically consist of the following fee type: asset-based. The company does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to retail investors, high net worth investors and charitable organizations. Out of its 140 accounts, Beaton Management Co Inc's largest client is retail investors, though it also caters to eight high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 5.88%
- Other Individuals - 75%
- Corporations - 0%
- Charitable Organizations - 19.12%
* 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
Beaton Management Co Inc does not have any disclosures.
Please visit its Form ADV for more details.
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