Upromise Investment Advisors, LLC (Newton)

Upromise Investment Advisors, LLC is a large advisory firm based in Newton. It manages $19.67 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arkansas, Colorado, Connecticut, and 14 other states.

Upromise Investment Advisors provides portfolio mgmt including review of allocations, & selection of underlying funds for qualified tuition programs (529 plans). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Upromise Investment Advisors: assets under management

The assets under management (AUM) of Upromise Investment Advisors, LLC is $19.67 billion. The firm's AUM has grown by 185% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Upromise Investment Advisors has custody of $19.67 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Upromise Investment Advisors, LLC for their services and products based on a percentage of assets under management. 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 Upromise Investment Advisors, LLC

James John Fadule has been acting as President since 1 Aug 2002. Inc. Ascensus joined the executive team most recently as the 100% Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Up Investment	Manager	1 May 2002	75% - 100%	04-352510
Inc. Ascensus College Savings	Managing member	1 May 2002	75% - 100%	04-3525107
Patrick William Mckeon	Chief compliance officer	1 Aug 2002	Other	3037902
James John Fadule	President	1 Aug 2002	Other	4260252
Kevin Douglas Cox	Chief operating officer/senior vice-president	1 Mar 2004	Other	2739370
Peter James Angus	Senior vice-president	1 Dec 2004	Other	4641114
Derek Anthony Delorenzo	Vice-president	1 Jun 2006	Other	2426671
Christian Charles Reimer	Designated muncipal fund & investment co. variable contract principal	1 Feb 2007	Other	2677030
Mark Andrew Chapleau	President	1 Mar 2008	Other	4879027
Jeffrey Paul Howkins	Chief executive officer & chief operating officer	1 Apr 2010	Other	4878950
Kathleen Mary Borowy	Chief financial officer	1 Apr 2010	Other	2899815
Alyssa Duffy	General counsel	1 Apr 2010	Other	4917358
Peter Francis Flynn	Interum chief compliance officer	1 Nov 2011	Other	2655124
George Robert Bristow	Chief compliance officer	1 Jan 2012	Other	1187520
Sandra Irene Madden	General counsel/senior vice-president/secretary	1 Apr 2012	Other	3174328
John Joseph Mulkern	Financial & operations principal/assistant treasurer	1 Sep 2012	Other	4197230
Monica M Poirier	Chief financial officer/treasurer	1 Sep 2012	Other	2687080

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Upromise	Shareholder- 100%	1 Apr 2000	75% - 100%	04-3507411
Inc. Jcf Ascensus Holdings	Managing member	1 Aug 2005	75% - 100%	20-3648416
Slm Corporation	100% shareholder	1 Aug 2006	75% - 100%	52-2013874
Llc Ajcf Holdings	100% shareholder	1 Jun 2007	75% - 100%	26-0508434
Ajcf Corp.	100% shareholder	1 Jun 2007	75% - 100%	26-0512038
Inc. Ascensus	100% shareholder	1 Dec 2013	75% - 100%	11-3665754

Based in Newton

The principal office where Upromise Investment Advisors, LLC performs its advisory services is located at 95 Wells Avenue, Newton, MA 02459, which is also the mailing address of the firm. An additional office of the firm is in Kansas City, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-454-6400 or by fax 617-454-6353. The normal business hours are 8:00am - 5:00pm on Monday - Friday.