Trillium Asset Management, LLC (Boston)


Trillium Asset Management, LLC is a large advisory firm based in Boston. It manages $2.54 billion of regulatory assets for 1,421 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, and 32 other states.

Trillium Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.

Trillium Asset Management: assets under management

The assets under management (AUM) of Trillium Asset Management, LLC is $2.54 billion. The firm's AUM has grown by 193% since the beginning of its operation, and $190.31 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $2.54 billion in discretionary accounts and $1.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.79 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.45 million.
Trillium Asset Management has custody of $715.9 million in cash and securities for 452 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 7% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trillium Asset Management, LLC 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 Trillium Asset Management serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Trillium Asset Management is investment companies with 5 clients and $775.83 million of assets under management. Among the 9 most similar advisory firms, Trillium Asset Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.54 billion for 1,421 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.

Trillium Asset Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Trillium Asset Management, LLC

The company employs 45 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

John Salvatore Quealy has served as the Chief Investment Officer since 1 Feb 2018. Nancy Inter Denney joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Cheryl Irene Smith Managing partner 1 Jul 2011 Other 3023806
Matthew William Patsky Managing partner, ceo 1 Jul 2011 25% - 50% 1302140
Michelle Mcdonough Managing partner 1 Jul 2011 Other 5865493
Stephanie Royce Leighton Portfolio manager 1 Jul 2011 Other 1400551
Keith Andrew Mills Research analyst 1 Jul 2011 Other 2673950
William J Lana Portfolio manager 1 Jul 2011 Other 5958022
Stephanie Royce Leighton Senior vice president, portfolio manager 1 Dec 2011 Other 1400551
Keith Andrew Mills Senior vice president, research analyst 1 Dec 2011 Other 2673950
William J Lana Senior vice president, investment manager 1 Dec 2011 Other 5958022
Nancy Inter Denney Chief compliance officer 1 Oct 2014 Other 1655412
John Salvatore Quealy Chief investment officer 1 Feb 2018 Other 4414320

Based in Boston

The principal office where Trillium Asset Management, LLC performs its advisory services is located at Two Financial Center, Boston, MA 02111, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-423-6655 or by fax 617-482-6179. The normal business hours are 9am to 5pm eastern on Monday - Friday. You can find more information about the New York firm at trilliuminvest.com.