Bradley Foster & Sargent Inc (Hartford)

Name: Bradley Foster & Sargent Inc
Address: 185 Asylum Street, Hartford, CT, 06103 3402
Telephone: 860-527-8050

Bradley Foster & Sargent Inc is a large advisory firm based in Hartford. It manages $3.44 billion of regulatory assets for 3,185 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.

Bradley Foster & Sargent provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bradley Foster & Sargent: assets under management

The assets under management (AUM) of Bradley Foster & Sargent Inc is $3.44 billion. The firm's AUM has grown by 582% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.44 billion in discretionary accounts and $2.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.08 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $742.43 thousand.

Bradley Foster & Sargent has custody of $37.33 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bradley Foster & Sargent Inc for their services and products based on a percentage of assets under management 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.

What kind of clients Stephen Leslie Willcox serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Stephen Leslie Willcox is high net worth individuals with 678 clients and $2.62 billion of assets under management. Among the 9 most similar advisory firms, Bradley Foster & Sargent has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.44 billion for 1,408 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bradley Foster & Sargent also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Bradley Foster & Sargent Inc

The company employs 38 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 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 don’t receive compensation from other entities for client referrals.

Stephen Leslie Willcox has been acting as President since 1 Dec 2016. John Michael Kirschner joined the executive team most recently as the Chief Financial Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Holmes Bradley	Chairman, president & ceo	1 Jul 1994	25% - 50%	2401589
Timothy Hatherly Foster	Evp	1 Jul 1994	Other	4356172
Joseph Denny Sargent	Chmn	1 Jul 1994	Other	410993
Jeffrey Gilbert Marsted	Evp	1 Oct 1995	Other	4356184
Peter Bruce Canoni	Principal	1 Sep 1998	Other	4356190
Keith Glenn Larose	Principal	1 Feb 2000	Other	1380847
Thomas Denney Sargent	Principal	1 Jul 2000	Other	1593933
Stephen Leslie Willcox	Cfo & chief compliance officer	1 Mar 2004	Other	4781984
Nancy Ward Donadio	Senior operations officer	1 Mar 2004	Other	4781989
Charles Jerome Herbert	Principal	1 Jan 2008	Other	1228741
David Paul Korzendorfer	Principal	1 Jan 2010	Other	1511200
Felicia Mary Lazor	Principal	1 Jan 2011	Other	4378454
Cameron Horatio Burns	Principal	1 Oct 2011	Other	2079054
William Ravenel Peelle	Principal	1 Oct 2011	Other	1266569
Jonathan Blake Joseph	Principal	1 Jul 2012	Other	1727324
Gregory Michael Miller	Principal	1 Sep 2013	Other	2264508
Robert Allen Penney	Principal	1 Sep 2013	Other	1235485
John Ross Gilbert	Principal	1 Sep 2014	Other	4652753
Mark J Keeley	Chief administrative officer/chief compliance officer	1 Apr 2015	Other	6490277
Stephen Leslie Willcox	President/ceo	1 Dec 2016	Other	4781984
John Michael Kirschner	Chief financial officer/chief compliance officer	1 Mar 2017	Other	6771033

Based in Hartford

The principal office where Bradley Foster & Sargent Inc performs its advisory services is located at 185 Asylum Street, Hartford, CT 06103 3402, which is also the mailing address of the firm. An additional office of the firm is in Wellesley, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-527-8050 or by fax 860-527-0775. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bfsinvest.com.