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 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.

    Assets Under Management

    $965.3 billion

    Number of Advisors

    571

    Fee Structure

    Asset-based, Fixed, Performance-based

    Disclosures

    Yes

    Office Location

    280 Congress Street
    Boston, MA 02210

    Wellington Management Company Llp by the Numbers

    Total Assets Under Management

    $965.3 billion

    National Average: $3.3 billion
    Total Number of Employees

    1,699

    National Average: 4,943
    Total Number of Accounts

    1,591

    National Average: 2,522
    Average Account Size

    $606.7 million

    National Average: $1.3 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

      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 37% 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 3% 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 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 has disclosures.

    Please visit its Form ADV for more details.

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    This content was compiled from the SEC and FINRA