Crestwood Advisors Group, LLC is a large advisory firm based in Boston. It manages $3.01 billion of regulatory assets for 3,115 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Colorado, Connecticut, and 11 other states.
Crestwood Advisors Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, educational seminars and workshops, and family office consulting. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Crestwood Advisors Group, LLC is $3.01 billion. The firm's AUM has grown by 105% since the beginning of its operation, and $732.23 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Crestwood Advisors Group, LLC 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Crestwood Advisors Group is high net worth individuals with 499 clients and $2.79 billion of assets under management. Among the 9 most similar advisory firms, Crestwood Advisors Group has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.97 billion for 754 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.
Crestwood Advisors Group doesn't advise any private funds.
The company employs 35 people that are either part- or full-time employees. 77 percent of the employees work as investment advisers or researchers. 22 employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people 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.
The principal office where Crestwood Advisors Group, LLC performs its advisory services is located at One Liberty Square, Boston, MA 02109, which is also the mailing address of the firm. An additional office of the firm is in Darien, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-523-8880 or by fax 617-523-8118. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at crestwoodadvisors.com.