Essex Investment Management Company, LLC

CRD#109962
Investment Advisor Firm

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Learn more about Essex Investment Management Company, LLC

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

    • Overview

    Essex Investment Management Company, LLC is a financial advisor company headquartered in Boston, Massachusetts. It has $627.1 million in assets under management over 168 customer accounts, placing it among the larger firms in the United States by assets under management (AUM). The firm has a small group, including 10 financial advisors. Essex Investment Management Company, LLC is not a registered broker-dealer, signifying that the advisor 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 company to do so. Securities are tradable financial assets such as options, bonds and equities.

    Essex Investment Management Company, LLC manages more than half of the company's client assets in a discretionary manner. Discretionary management means that an investment advisor makes transaction judgments without requiring the client's permission. Essex Investment Management Company, LLC also manages two non-discretionary accounts totaling $8.7 million in AUM. Essex Investment Management Company, LLC's typical account size is $3.7 million. The typical advisor at Essex Investment Management Company, LLC manages about 17 client accounts, placing it among the more personalized financial advisor firms in the country.

    The firm's central office is located at 125 High Street, Boston, Massachusetts 2110. It is registered to serve clients throughout 16 U.S. states and territories.

    Assets Under Management

    $627.1 million

    Number of Advisors

    10

    Disclosures

    No

    Office Location

    125 High Street
    Boston, MA 02110

    Essex Investment Management Company, LLC by the Numbers

    Total Assets Under Management

    $627.1 million

    National Average: $8.6 billion
    Total Number of Employees

    15

    National Average: 64
    Total Number of Accounts

    168

    National Average: 375,227
    Average Account Size

    $3.7 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advisory services largely vary depending on which services the firm provides the client. Fee types billed by the company likely are comprised of the following fee types: asset-based or performance-based. Essex Investment Management Company, LLC does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive 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.

    • 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.

    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 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.

    Back to Overview

    Types of Clients

    The firm works with a broad range of customers. Essex Investment Management Company, LLC works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, corporations and other. Out of its 168 accounts, Essex Investment Management Company, LLC's biggest client by number of accounts is high net worth investors, though it also serves 77 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 45.83%
    • Other Individuals - 26.79%
    • Corporations - 14.88%
    • Charitable Organizations - 12.5%

    * 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

    Essex Investment Management Company, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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