Wellington Management Company Llp
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Overview
Wellington Management Company Llp is a financial advisor company that has its headquarters in Boston, Massachusetts. The firm controls $965.3 billion in total assets over 1,591 client accounts, making it one of the biggest investment advisory firms in the country by assets under management (AUM). Wellington Management Company Llp has a very large team of 1,699 employees, including 571 financial advisors. Wellington Management Company Llp does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like bonds, stocks and options.
Wellington Management Company Llp oversees most of the company's accounts on a discretionary basis. Discretionary management means that buy and sell judgments are made by an investment advisor without needing to seek the customer's authorization. The company also administers 10 non-discretionary accounts with a total of $50.3 billion in AUM. The company's average account size is $606.5 million. An average advisor at Wellington Management Company Llp administers about three client accounts, making it one of the most individualized advisor firms in the country.
The firm's headquarters is located at 280 Congress Street, Boston, Massachusetts 2210. Wellington Management Company Llp is permitted to serve investors across 33 U.S. states and territories.
Number of Advisors
Disclosures
Office Location
Wellington Management Company Llp by the Numbers

1,699

1,591

$606.7 million
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Fee Structure
Fees for financial management usually depend on the type of services offered. However, fee types charged by the company likely are comprised of 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 Wellington Management Company Llp.
Available
-
Offered by 75% of firms
Percentage of Assets
-
Offered by 17% of firms
Performance-based
-
Offered by 40% of firms
Fixed
Unavailable
Types of Clients
The company manages money for a number of different customers. Wellington Management Company Llp works with 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 1,591 customers, Wellington Management Company Llp's biggest client group by number of accounts is pooled investment vehicles, although it also serves 14 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). About 44% of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 0.88%
- Other Individuals - 0%
- Corporations - 94.27%
- Charitable Organizations - 4.85%
* 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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