Municrest Investment Management Company, LLC (North Andover)

Name: Municrest Investment Management Company, LLC
Address: 100 Andover Bypass Road, North Andover, MA, 01845
Telephone: (877) 227-0847

Municrest Investment Management Company, LLC is a large advisory firm based in North Andover. It manages $396.11 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Massachusetts.

Municrest Investment Management Company provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Municrest Investment Management Company: assets under management

The assets under management (AUM) of Municrest Investment Management Company, LLC is $396.11 million. The firm's AUM has grown by 234% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $293.64 million in discretionary accounts and $102.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $58.73 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $102.48 million.

Investments

The firm invests in state and local bonds the most. They account for 64% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 32% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Municrest Investment Management Company, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Municrest Investment Management Company, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey David Slater	Managing member/chief compliance officer	1 Apr 2008	25% - 50%	4399151
Michael Francis Edwards	Managing member	1 Apr 2008	Other	4546833
Llc Boston Hill Advisors	Managing member	1 Apr 2008	50% - 75%	141306
Joseph James Trainor	Managing member	1 Apr 2008	Other	3030875
Michael Anthony Berardi	Managing member	1 Apr 2008	Other	4634974

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Francis Edwards	Managing member/chief compliance officer	1 Jul 2006	25% - 50%	4546833
Michael Anthony Berardi	Managing member	1 Sep 2006	25% - 50%	4634974

Based in North Andover

The principal office where Municrest Investment Management Company, LLC performs its advisory services is located at 100 Andover Bypass Road, North Andover, MA 01845 The mailing address of the firm is 88 Front Street, Scituate, MA 02066. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (877) 227-0847 or by fax (978) 683-3653. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at municrest.com.