Wellington Management Company Llp

CRD#106595
Investment Advisor Firm

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Overview

Wellington Management Company Llp operates as a financial advisory company that has its headquarters in Boston, Massachusetts. The company controls $1.2 trillion in assets across 1,625 client accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). It has a very large group of 1,771 employees, five hundred ninety-two of whom are financial advisors. Wellington Management Company Llp is not a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets like options, stocks and bonds.

Wellington Management Company Llp oversees most of the firm's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments for the client's account without requiring the client's consent. Wellington Management Company Llp also has 12 non-discretionary accounts with a total of $81.4 billion in AUM. Wellington Management Company Llp administers an average of $756.7 million for each client account. An average financial advisor at Wellington Management Company Llp administers around three client accounts, placing it among the most personalized advisor firms in the country.

The company's main office is at 280 Congress Street, Boston, Massachusetts 2210. Wellington Management Company Llp is registered to serve investors across 33 U.S. states and territories.

Assets Under Management

$1.2 trillion

Number of Advisors

592

Disclosures

No

Office Location

280 Congress Street
Boston, MA 02210

Wellington Management Company Llp by the Numbers

Total Assets Under Management

$1.2 trillion

National Average: $3.7 billion
Total Number of Employees

1,771

National Average: 29
Total Number of Accounts

1,625

National Average: 2,073
Average Account Size

$756.7 million

National Average: $1.8 million

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Fee Structure

Fees charged by financial advisors largely are based on which services are offered. Fee types charged by the firm most likely are comprised of any blend of the following fee structures: asset-based, fixed or performance-based. The firm participates in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

Available

  • Offered by 74% 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 17% 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 40% of firms

    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.

Unavailable

  • Find one of the 35% 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 2% 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 1% 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 12% 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.

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Types of Clients

Wellington Management Company Llp works with a broad range of customers. The company provides services to high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds and corporations. Out of its 1,625 customers, Wellington Management Company Llp's largest client by number of accounts is pooled investment vehicles, although it also serves nine high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 42% of the firm's accounts are non-U.S. persons.

  • High-Net-Worth Individuals* - 0.55%
  • Other Individuals - 0%
  • Corporations - 94.76%
  • Charitable Organizations - 4.69%

* 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

Wellington Management Company Llp does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA