Bay Colony Advisory Group, Inc. is a large advisory firm based in Concord. It manages $376.85 million of regulatory assets for 1,562 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Connecticut, and 14 other states.
Bay Colony Advisory Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bay Colony Advisory Group, Inc. is $376.85 million. The firm's AUM has grown by 274% since the beginning of its operation, and $4.01 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Bay Colony Advisory Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of John Winthrop Ohl is high net worth individuals with 270 clients and $187.18 million of assets under management. Among the 12 most similar advisory firms, Bay Colony Advisory Group has the 6th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $353.17 million for 711 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Bay Colony Advisory Group doesn't advise any private funds.
The company employs 20 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 20 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
John Winthrop Ohl has been acting as President since 1 Dec 2009. Pamela Jean Bakos joined the executive team most recently as the Managing Principal.
The principal office where Bay Colony Advisory Group, Inc. performs its advisory services is located at 86 Baker Avenue Extension, Concord, MA 01742, which is also the mailing address of the firm. An additional office of the firm is in Norwell, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 978-369-7200 or by fax 617-249-1807. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bcaprivatewealthmanagement.com and its LinkedIn profile.