Brookline Investments, Inc. (Birmingham)

Name: Brookline Investments, Inc.
Address: 2501 20 Th Place South, Suite 275, Birmingham, AL, 35223
Telephone: 205-263-2332

Brookline Investments, Inc. is a large advisory firm based in Birmingham. It manages $137.61 million of regulatory assets for 47 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, California, Georgia, Tennessee, and Wisconsin.

Brookline Investments provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Brookline Investments: assets under management

The assets under management (AUM) of Brookline Investments, Inc. is $137.61 million. The firm's AUM has gone down by -48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $134.33 million in discretionary accounts and $3.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.92 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.27 million.

Brookline Investments has custody of $93.66 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brookline Investments, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brookline Investments serves?

The firm provides services to high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Brookline Investments is pooled investment vehicles with 11 clients and $96.72 million of assets under management. Among the 8 most similar advisory firms, Brookline Investments has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $137.61 million for 47 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.

Brookline Investments also advises several private funds. Namely, one other private fund, four private equity funds, and four venture capital funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $500,000.

Careers at Brookline Investments, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
James Rainer Twiford	President & director	1 Oct 1999	Other	2210271
Hollis Norman Gieger	Vp & secy & director	1 Jul 2000	50% - 75%	4265105
Madding King	Managing director	1 Feb 2007	Other	2784584
Darcy Gail Glenn	Vp & chief compliance officer	1 Sep 2007	Other	1420846
Inc. Brookline Financial Partners	Owner	1 Jan 2009	75% - 100%	264057667
Alicia H. Mooney	Chief financial officer	1 Sep 2010	Other	5907693
Laree Payne Kennedy	Chief compliance officer	1 Jan 2013	Other	2910808
Darcy Gail Glenn	Compliance officer	1 Jan 2013	Other	1420846
Sarah Elizabeth Cain	Chief financial officer	1 Jun 2015	Other	6492036

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Rainer Twiford	Owner	1 Jan 2009	75% - 100%	2210271
Hollis Norman Gieger	Owner	1 Jan 2009	50% - 75%	4265105

Based in Birmingham

The principal office where Brookline Investments, Inc. performs its advisory services is located at 2501 20 Th Place South, Suite 275, Birmingham, AL 35223, 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 205-263-2332 or by fax 205-202-7468. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at brooklineinvestments.com.