Geode Capital Management, LLC

CRD#115504
Investment Advisor Firm

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Learn more about Geode Capital Management, LLC

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

    • Overview

    Geode Capital Management, LLC is a financial advisory firm based at 100 Summer Street, Boston, Massachusetts, 02110. The firm is registered in Massachusetts and does not hold a broker dealer registration.

    The firm manages $803.5 billion in assets under management (AUM), making it a large-sized firm. These assets are spread across 174 client accounts, all managed on a discretionary basis, which grants the firm's portfolio managers the authority to make investment decisions without requiring prior approval from clients.

    Geode Capital Management, LLC employs 28 financial advisors who oversee these accounts. The firm offers services such as portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for institutional clients.

    Geode Capital Management, LLC has affiliations within the financial industry as a trust company. The firm operates on an asset-based fee structure and does not participate in a wrap fee program.

    The firm caters to various types of investors, including investment companies, pooled investment vehicles, and corporations. The majority of accounts at Geode Capital Management, LLC are held by investment companies.

    Assets Under Management

    $803.5 billion

    Number of Advisors

    28

    Disclosures

    No

    Office Location

    100 Summer Street
    Boston, MA 02110

    Geode Capital Management, LLC by the Numbers

    Total Assets Under Management

    $803.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    156

    National Average: 64
    Total Number of Accounts

    174

    National Average: 375,227
    Average Account Size

    $4.6 billion

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees are based on which service is offered. However, fees charged by the company typically consist of the following fee type: asset-based. Geode Capital Management, LLC does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive 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.

    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 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.

    • 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

    Geode Capital Management, LLC works with investment companies, pooled investment vehicles and corporations. Out of its 174 customers, Geode Capital Management, LLC's largest client type by number of accounts is investment companies. About 48% of the firm's customers reside abroad.

    • 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

    Geode Capital Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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