Adage Capital Management, L.P
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Overview
Adage Capital Management, L.P is a financial advisor company based in Boston, Massachusetts. The company controls $44.6 billion in assets over one client account, making it one of the biggest financial advisory firms in the United States by assets under management (AUM). The firm has an average-sized group, including 36 financial advisors. Adage Capital Management, L.P does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like options, bonds and stocks.
Adage Capital Management, L.P administers all of the firm's client assets on a discretionary basis. Discretionary management signifies that an investment advisor makes transaction judgments for the client's account without requiring client permission. The advisory firm supervises about $44.6 billion for every client account. The average advisor at Adage Capital Management, L.P oversees fewer than one client account, placing it among the most individualized firms in the country.
The firm's central office is at 200 Clarendon Street, Boston, Massachusetts 2116. It is permitted to provide services to customers across a number of states, including Massachusetts, New Jersey and Washington.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Adage Capital Management, L.P by the Numbers
$44.6 billion
53
1
$44.6 billion
Fee Structure
Financial management fees vary depending on the type of services provided. Fees charged by Adage Capital Management, L.P likely include the following fee structures: asset-based or performance-based. Adage Capital Management, L.P does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to pooled investment vehicles. Adage Capital Management, L.P's largest client by number of accounts is pooled investment vehicles. None of the firm's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Adage Capital Management, L.P does not have any disclosures.
Please visit its Form ADV for more details.
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