New Heritage Capital, LLC

CRD#160083
Investment Advisor Firm

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Learn more about New Heritage Capital, LLC

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

    • Overview

    New Heritage Capital, LLC is located at 800 Boylston Street, Boston, MA. The firm employs 11 financial advisors to manage client portfolios and provide financial guidance. New Heritage Capital, LLC is not a registered broker-dealer.

    New Heritage Capital, LLC oversees $1.2 billion in assets under management across 13 accounts, of which 12 are discretionary and 1 is non-discretionary. The services offered include portfolio management for pooled investment vehicles and other services. The firm caters to pooled investment vehicles and corporations, with pooled investment vehicles being the largest client type by accounts. The fee structure at New Heritage Capital, LLC includes performance-based and other fees.

    New Heritage Capital, LLC is registered in the state of Massachusetts.

    Assets Under Management

    $1.2 billion

    Number of Advisors

    11

    Disclosures

    No

    Office Location

    800 Boylston Street
    Boston, MA 02199

    New Heritage Capital, LLC by the Numbers

    Total Assets Under Management

    $1.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    15

    National Average: 64
    Total Number of Accounts

    13

    National Average: 375,227
    Average Account Size

    $94.8 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advisory services usually are based on the type of financial services offered. Fees billed by New Heritage Capital, LLC most likely consist of any combination of the following fee types: performance-based or other.

    Available

    • 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 69% of firms that offer this fee type

      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.

    • 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 firm caters to pooled investment vehicles and corporations. Out of its 2 clients, New Heritage Capital, LLC's biggest client type by number of accounts is pooled investment vehicles.

    • 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

    New Heritage Capital, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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