Wainwright Investment Counsel LLC is a large advisory firm based in Boston. It manages $3.46 billion of regulatory assets for 167 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alaska, Arizona, California, and 25 other states.
Wainwright Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and asset allocation strategy. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wainwright Investment Counsel LLC is $3.46 billion. The firm's AUM has gone down by -1% since the beginning of its operation, and $319.33 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wainwright Investment Counsel LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Eric Paul Bertonazzi is state or municipal government entities with 13 clients and $2.05 billion of assets under management. Among the 8 most similar advisory firms, Wainwright Investment Counsel has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $3.07 billion for 163 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 9% of the firm’s clients are foreign persons or businesses.
Wainwright Investment Counsel also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 22 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Wainwright Investment Counsel LLC is owned by Robert Lee Clark. Eric Paul Bertonazzi has been acting as President since 1 Apr 1999. Margaret Lorene Leonard joined the executive team most recently as the Chief Compliance Officer.
The principal office where Wainwright Investment Counsel LLC performs its advisory services is located at One Boston Place, Boston, MA 02108, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-531-3100 or by fax 617-531-3140. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at winvcounsel.com/.