Safford Nicholas H & Co Inc (Rockport)


Safford Nicholas H & Co Inc is a large advisory firm based in Rockport. It manages $1.14 billion of regulatory assets for 148 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Maine, Massachusetts, and Virginia.

Safford Nicholas H & provides portfolio management for individuals and small businesses and investment consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Safford Nicholas H &: assets under management

The assets under management (AUM) of Safford Nicholas H & Co Inc is $1.14 billion. The firm's AUM has grown by 126% since the beginning of its operation, and $5.22 million of the total AUM is attributable to clients outside of the United States.

The firm manages $38.2 million in discretionary accounts and $1.1 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.46 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.81 million.

Investments

The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Safford Nicholas H & Co Inc 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.

What kind of clients Safford Nicholas H & serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Safford Nicholas H & is high net worth individuals with 112 clients and $1.12 billion of assets under management. Among the 9 most similar advisory firms, Safford Nicholas H & has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.14 billion for 148 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.

Safford Nicholas H & doesn't advise any private funds.

Careers at Safford Nicholas H & Co Inc

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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
Nicholas Heath Safford President, treasurer, clerk & director 1 Jul 1983 Other 4351904
John East Apthorp Safford Vice president & director 1 Dec 1993 75% - 100% 2253077
Elizabeth Anne Malcolmson Operations manager & chief compliance officer 1 Sep 2005 Other 5036202
Nicholas Heath Safford Chairman, treasurer & director 1 Nov 2005 Other 4351904
John East Apthorp Safford President, ceo & director 1 Nov 2005 75% - 100% 2253077
Norton Quincy Sloan Vice president & director 1 Nov 2005 Other 4965593
Judith Maria Rodrigues Director of client operations 1 Nov 2007 Other 5906072
Norton Quincy Sloan Vice president, director of research & director 1 Dec 2011 Other 4965593
Elizabeth Anne Malcolmson Chief compliance officer & director of operations 1 Sep 2016 Other 5036202

Based in Rockport

The principal office where Safford Nicholas H & Co Inc performs its advisory services is located at 9 Cleaves Street, Rockport, MA 01966 1520, 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 978-546-2462 or by fax 978-546-2307. The normal business hours are 9am to 5 pm on Monday - Friday.