Wellington Management Company Llp

CRD#106595
Investment Advisor Firm

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Learn more about Wellington Management Company Llp

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

    • Overview

    Wellington Management Company Llp operates as an advisory company located in Boston, Massachusetts. The firm administers $1.2 trillion in assets over 1,338 accounts, placing it among the biggest firms in the country by assets under management (AUM). Wellington Management Company Llp has a very large group, including 587 financial advisors. Wellington Management Company Llp is not a registered broker-dealer, meaning it cannot 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 tradable financial investments such as options, equities and bonds.

    Wellington Management Company Llp oversees the majority of the firm's accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by an investment advisor without needing to seek the customer's authorization. The company also manages eight non-discretionary accounts with a total of $72.7 billion in assets. The company's typical account size is $896.9 million. An average advisor at Wellington Management Company Llp administers around two client accounts, placing it among the most personalized firms in the country.

    The firm's main office is at 280 Congress Street, Boston, Massachusetts 2210. It is legally allowed to serve investors across 31 U.S. states and territories.

    Assets Under Management

    $1.2 trillion

    Number of Advisors

    587

    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: $8.6 billion
    Total Number of Employees

    2,139

    National Average: 64
    Total Number of Accounts

    1,338

    National Average: 375,227
    Average Account Size

    $900.4 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors vary depending on which services the firm provides the client. Fees billed by Wellington Management Company Llp may include the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided 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 32% 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 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 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

    The company works with a number of different investors. The company caters to banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, corporations and other. Out of its 1,338 customers, Wellington Management Company Llp's biggest client group is insurance companies. Around 27% of the company's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 95.21%
    • Charitable Organizations - 4.79%

    * 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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