Back Bay Financial Group Inc (Boston)


Back Bay Financial Group Inc is a large advisory firm based in Boston. It manages $87.54 million of regulatory assets for 513 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and Texas.

Back Bay Financial 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.

Back Bay Financial Group: assets under management

The assets under management (AUM) of Back Bay Financial Group Inc is $87.54 million. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $78.02 million in discretionary accounts and $9.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $142.04 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Back Bay Financial 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.

Careers at Back Bay Financial Group Inc

Robert Siefert has been acting as President since 1 Sep 1996. John Leblanc joined the executive team most recently as the Treasurer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Leblanc Treasurer 1 Sep 1996 50% - 75% 2735410
Robert Siefert President 1 Sep 1996 50% - 75% 2636652

Based in Boston

The principal office where Back Bay Financial Group Inc performs its advisory services is located at 745 Boylston St, Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in Wakefield, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-247-0518 or by fax 617-247-0098. 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 www.backbayfinancial.com.