Eventide Asset Management, LLC

CRD#147110
Investment Advisor Firm

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Learn more about Eventide Asset Management, LLC

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

    • Overview

    Eventide Asset Management, LLC is a financial advisory company headquartered in Boston, Massachusetts. The firm oversees $6.1 billion in total assets over 10 client accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). The firm has an average-sized group, including 20 financial advisors. Eventide Asset Management, LLC does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are tradable financial investments such as equities, bonds and options.

    Eventide Asset Management, LLC administers all of its client assets on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without needing client approval. The investment advisory firm's typical account size is $607.5 million. The average financial advisor at Eventide Asset Management, LLC manages fewer than one client account, making it one of the most individualized financial advisor firms in the country.

    The company's headquarters is located at One International Place, Boston, Massachusetts 2110. It is registered to serve customers throughout a number of states, including Alaska, Colorado, Louisiana, Massachusetts, Nebraska, New Hampshire, North Carolina, Pennsylvania and Texas.

    Assets Under Management

    $6.1 billion

    Number of Advisors

    20

    Disclosures

    No

    Office Location

    One International Place
    Boston, MA 02110

    Eventide Asset Management, LLC by the Numbers

    Total Assets Under Management

    $6.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    68

    National Average: 64
    Total Number of Accounts

    10

    National Average: 375,227
    Average Account Size

    $607.5 million

    National Average: $23.0 thousand
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    Products and Services

    Eventide Asset Management, LLC provides a variety of services, including portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, educational seminars and other services. The company does sell products or offer services different than 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.

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      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.

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      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

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

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    Fee Structure

    A financial advisor's fees vary depending on the services provided. Fees charged by the company likely are comprised of the following fee types: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

    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 26% of firms

      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.

    • 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 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 32% 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.

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    Types of Clients

    The company works with investment companies and pooled investment vehicles. Out of its 10 accounts, Eventide Asset Management, LLC's largest client type is investment companies. Just 5% of its clients are represented by people from outside of the U.S.

    • 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

    Eventide Asset Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Eventide Asset Management, LLC

    Stuart Slack
    Matthews, NC
    Jeffrey Cave
    Doylestown, PA

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