Wellington Management Company Llp

CRD#106595
Investment Advisor Firm

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Overview

Wellington Management Company Llp is a financial advisory company located in Boston, Massachusetts. The firm handles $1.2 trillion in assets under management over 1,654 customer accounts, making it one of the biggest firms in the United States by assets under management (AUM). The firm has a very large team of 1,699 employees, five hundred seventy-one of whom are financial advisors. Wellington Management Company Llp does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets such as options, bonds and equities.

Wellington Management Company Llp manages the majority of the company's client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make buy and sell decisions without needing to seek the customer's authorization. It also administers 12 non-discretionary accounts with a total of $85.7 billion in assets under management. The investment advisory firm oversees roughly $713.4 million for each client account. An average advisor at Wellington Management Company Llp administers around three client accounts, making it one of the most personalized financial advisor firms in the country.

The company's headquarters is located at 280 Congress Street, Boston, Massachusetts 2210. The company is legally registered to provide services to clients across 31 U.S. states and territories.

Assets Under Management

$1.2 trillion

Number of Advisors

571

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: $3.3 billion
Total Number of Employees

1,699

National Average: 31
Total Number of Accounts

1,654

National Average: 1,935
Average Account Size

$714.6 million

National Average: $1.7 million

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Fee Structure

Fees charged by financial advisors typically depend on which services the firm provides the client. However, fees billed by the company can be comprised of any combination of the following fee types: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

Available

  • Offered by 72% 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 39% 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

The firm does business with a number of different customers. It 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 1,654 accounts, Wellington Management Company Llp's biggest client type by number of accounts is pooled investment vehicles, but it also manages money for 13 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 39% of the company's customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 0.79%
  • Other Individuals - 0%
  • Corporations - 94.51%
  • Charitable Organizations - 4.7%

* 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