Eddy Company, LLC

CRD#172098
Investment Advisor Firm

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Learn more about Eddy Company, LLC

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

    • Overview

    Eddy Company, LLC is a financial advisor firm based in Beverly, Massachusetts. It controls $5.6 million in total assets throughout 15 customer accounts. The firm has a small team of one employee who is a financial advisor. Eddy Company, LLC is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial assets such as equities, bonds and options.

    Eddy Company, LLC oversees all of the firm's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes transaction judgments without needing the customer's consent. Eddy Company, LLC's typical account size is $373,333. Under $100,000 of their financial planning investments were in securities, with under $100,000 placed in non-securities. The typical financial advisor at Eddy Company, LLC administers about 15 client accounts, placing it among the more personalized firms in the country.

    The company's main office is at 151 Rantoul Street, Beverly, Massachusetts 1915. It is legally allowed to provide services to clients in the state of Massachusetts.

    Assets Under Management

    $5.6 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    151 Rantoul Street
    Beverly, MA 01915

    Eddy Company, LLC by the Numbers

    Total Assets Under Management

    $5.6 million

    National Average: $9.0 billion
    Total Number of Employees

    1

    National Average: 71,771
    Total Number of Accounts

    15

    National Average: 4,329
    Average Account Size

    $373.3 thousand

    National Average: $2.1 million
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    Fee Structure

    Financial advisory fees usually are based on the type of financial services provided. However, fees charged by the firm typically consist of the following fee structures: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company. The firm can withdraw the charges directly from client accounts.

    Available

    • Offered by 70% 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.

    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 33% of firms that offer this fee type

      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.

    • 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.

    Back to Overview

    Types of Clients

    It caters to retail investors. Out of its 15 customers, Eddy Company, LLC's largest client group by number of accounts is retail investors. None of the firm's accounts reside abroad.

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

    Eddy Company, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Eddy Company, LLC

    Brian Eddy
    Beverly, MA

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