Rhumbline Advisers
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Overview
Rhumbline Advisers is a financial advisory company based in Boston, Massachusetts. The firm administers $88.0 billion in total assets across 678 client accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 7 financial advisors. Rhumbline Advisers does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as bonds, options and equities.
Rhumbline Advisers administers all of its client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction decisions without needing to seek the client's consent. The firm manages an average of $129.8 million in assets for every client account. The typical financial advisor at Rhumbline Advisers administers about 97 client accounts.
The firm's central office is located at 265 Franklin Street, 21St Floor, Boston, Massachusetts 02110-3326. Rhumbline Advisers is registered to serve customers across a few states, including Connecticut, Florida, Georgia, Louisiana, Massachusetts, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Rhumbline Advisers by the Numbers
$88.0 billion
24
678
$129.8 million
Fee Structure
Fees charged by financial advisors largely depend on which services the firm provides the client. Fees charged by the firm typically consist of the following fee structure: asset-based. The company does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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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 does business with a broad range of investors. The company caters to investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, corporations and other. Out of its 678 accounts, Rhumbline Advisers's biggest client by number of accounts is state or municipal government entities. None of the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 69.94%
- Charitable Organizations - 30.06%
* 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
Rhumbline Advisers does not have any disclosures.
Please visit its Form ADV for more details.
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