Panagora Asset Management Inc
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Overview
Panagora Asset Management Inc is an advisory firm headquartered in Boston, Massachusetts. Panagora Asset Management Inc administers $31.6 billion in assets under management across 102 client accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). The company has a large group, including 40 financial advisors. Panagora Asset Management Inc does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial investments like bonds, stocks and options.
Panagora Asset Management Inc manages the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments for the client's account are made by a portfolio manager without requiring the customer's authorization. The firm also administers three non-discretionary accounts totaling $581.9 million in assets. The investment advisory firm's average account size is $309.8 million. The typical financial advisor at Panagora Asset Management Inc administers about three client accounts, making it one of the most personalized firms in the country.
Panagora Asset Management Inc's main office is at One International Place, Boston, Massachusetts 2110. The company is legally registered to provide services to clients across 28 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Panagora Asset Management Inc by the Numbers
$31.6 billion
135
102
$309.8 million
Fee Structure
Financial advisory fees usually vary depending on which services the firm provides the client. However, fees billed by the company most likely include some combination of the following fee types: asset-based or performance-based. Panagora Asset Management Inc does not provide a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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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
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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
Panagora Asset Management Inc works with a broad range of investors. The company provides services to investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, sovereign wealth funds, corporations and other. Out of its 102 clients, Panagora Asset Management Inc's largest client by number of accounts is corporations. Around 27% of its customers are from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 96.08%
- Charitable Organizations - 3.92%
* 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
Panagora Asset Management Inc does not have any disclosures.
Please visit its Form ADV for more details.
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