John Hancock Investment Management LLC

CRD#105790
Investment Advisor Firm

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Learn more about John Hancock Investment Management LLC

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

    • Overview

    John Hancock Investment Management LLC operates as a financial advisor company headquartered in Boston, Massachusetts. The firm controls $181.8 billion in assets under management throughout 22,073 customer accounts, placing it among the largest financial advisory firms in the United States by assets under management (AUM). The firm has a large group, including 50 financial advisors. John Hancock Investment Management LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial investments such as equities, bonds and options.

    John Hancock Investment Management LLC administers all of the company's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without needing to seek client approval. The firm's typical account size is $8.2 million. The typical advisor at John Hancock Investment Management LLC manages around 441 client accounts.

    The firm's main office is located at 200 Berkeley St., Boston, Massachusetts 02116-5022. The firm is legally permitted to provide services to investors across 51 U.S. states and territories.

    Assets Under Management

    $181.8 billion

    Number of Advisors

    50

    Disclosures

    No

    Office Location

    200 Berkeley St.
    Boston, MA 02116-5022

    John Hancock Investment Management LLC by the Numbers

    Total Assets Under Management

    $181.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    394

    National Average: 64
    Total Number of Accounts

    22,073

    National Average: 375,227
    Average Account Size

    $8.2 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees largely depend on which service is provided. Fees charged by the firm typically consist of the following fee type: asset-based. The firm does participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

    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.

    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 26% of firms that offer this fee type

      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.

    • 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 32% of firms that offer this fee type

      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.

    • 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.

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    Types of Clients

    The firm caters to retail investors and investment companies. Out of its 22,073 customers, John Hancock Investment Management LLC's largest client type by number of accounts is retail investors. None of the firm's customers reside abroad.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 99.4%
    • Corporations - 0.6%
    • Charitable Organizations - 0%

    * 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

    John Hancock Investment Management LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at John Hancock Investment Management LLC

    Steven Millhouse
    Boston, MA
    Richard Lamonica
    Boston, MA
    Randy Schatz
    Boston, MA
    Andrew Chipman
    Mount Juliet, TN
    Ryan Ulrich
    Boston, MA
    Jonathan Davis
    Boston, MA
    Taylor Thomison
    Boston, MA
    Scott Brandies
    Yardley, PA
    Trevor Donnelly
    Boston, MA

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