Loring, Wolcott & Coolidge Fiduciary Advisors, LLP (Boston)

Name: Loring, Wolcott & Coolidge Fiduciary Advisors, LLP
Address: 230 Congress Street, Boston, MA, 02110 2437
Telephone: 617-523-6531

Loring, Wolcott & Coolidge Fiduciary Advisors, LLP is a large advisory firm based in Boston. It manages $7.24 billion of regulatory assets for 2,850 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alaska, Arizona, California, and 23 other states.

Loring, Wolcott & Coolidge Fiduciary Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Loring, Wolcott & Coolidge Fiduciary Advisors: assets under management

The assets under management (AUM) of Loring, Wolcott & Coolidge Fiduciary Advisors, LLP is $7.24 billion. The firm's AUM has grown by 37% since the beginning of its operation, and $94.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $7.05 billion in discretionary accounts and $188.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.49 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.94 million.

Loring, Wolcott & Coolidge Fiduciary Advisors has custody of $7.01 billion in cash and securities for 2,515 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is other assets, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Loring, Wolcott & Coolidge Fiduciary Advisors, LLP for their services and products based on a percentage of assets under management 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.

What kind of clients Loring, Wolcott & Coolidge Fiduciary Advisors serves?

The firm provides services to high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Loring, Wolcott & Coolidge Fiduciary Advisors is high net worth individuals with 2,813 clients and $6.94 billion of assets under management. Among the 10 most similar advisory firms, Loring, Wolcott & Coolidge Fiduciary Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $7.24 billion for 2,850 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Loring, Wolcott & Coolidge Fiduciary Advisors doesn't advise any private funds.

Careers at Loring, Wolcott & Coolidge Fiduciary Advisors, LLP

The company employs 90 people that are either part- or full-time employees. 18 percent of the employees work as investment advisers or researchers. 11 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 compensates 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
Lawrence Coolidge	Partner	1 Jun 1994	Other	4362001
Peter B. Loring	Partner	1 Jun 1994	Other	4362016
Frederick D. Ballou	Partner	1 Jun 1994	Other	4362024
Amy L. Thornton	Partner	1 Jun 1994	Other	69755
Gilbert Morgan Roddy	Partner	1 Jun 1994	Other	4362042
William Bartlett Perkins	Partner, sec compliance partner	1 Jun 1994	Other	4362049
Hugh L. Warren	Partner	1 Jun 1994	Other	4362055
Lindsey Wieland Parker	Partner	1 Jan 1997	Other	2186825
Robert Leo Driscoll	Partner	1 Jan 2000	Other	1418757
Charles Frederick David Boit	Partner and president	1 Jun 2002	Other	4534823
Thomas Appleton	Partner	1 Jan 2007	Other	5313248
Jonathan L Korb	Chief compliance officer and general counsel	1 Jan 2008	Other	5653425
Wendy Shaw Holding	Partner	1 Mar 2009	Other	5468811
William Andrew Mims	Partner	1 Oct 2013	Other	2937849
Charles B Schmidt	Chief compliance officer	1 Nov 2015	Other	4690128
Amory Loring Logan	Partner	1 Jul 2016	Other	5808724
Elizabeth Amory Loring	Partner	1 Jul 2016	Other	5808724
Nushin Kormi	Partner	1 Mar 2017	Other	4232198

Based in Boston

The principal office where Loring, Wolcott & Coolidge Fiduciary Advisors, LLP performs its advisory services is located at 230 Congress Street, Boston, MA 02110 2437, 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 617-523-6531 or by fax 617-523-6535. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at lwcotrust.com and its LinkedIn profile.