Bearing Point Wealth Partners, Inc. (Hampton)

Name: Bearing Point Wealth Partners, Inc.
Address: 380 Lafayette Road Unit D, Hampton, NH, 03842
Telephone: 603-926-1775

Bearing Point Wealth Partners, Inc. is a large advisory firm based in Hampton. It manages $208.57 million of regulatory assets for 482 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Maine, Massachusetts, and New Hampshire.

Bearing Point Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, and portfolio services for municipalities. It prepares financial plans for more than 100 clients. On top of advisory services, the firm also engages as tax preparation.

Bearing Point Wealth Partners: assets under management

The assets under management (AUM) of Bearing Point Wealth Partners, Inc. is $208.57 million. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $193.28 million in discretionary accounts and $15.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $444.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $325.4 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bearing Point Wealth Partners, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Jennifer Marie Mayes serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Jennifer Marie Mayes is high net worth individuals with 48 clients and $102.26 million of assets under management. Among the 8 most similar advisory firms, Bearing Point Wealth Partners has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $208.57 million for 169 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.

Bearing Point Wealth Partners doesn't advise any private funds.

Careers at Bearing Point Wealth Partners, Inc.

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Jennifer Marie Mayes has been acting as President since 1 Mar 2016. David Thomas Mayes joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jennifer Marie Mayes	Director/secretary	1 Mar 2016	Other	6677980
The David T. Mayes Revocable Living Trust	Owner	1 Mar 2016	75% - 100%	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
David Thomas Mayes	Owner	1 Mar 2016	75% - 100%	4400889

Based in Hampton

The principal office where Bearing Point Wealth Partners, Inc. performs its advisory services is located at 380 Lafayette Road Unit D, Hampton, NH 03842, 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 603-926-1775 or by fax 603-926-1249. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at bearingpointwealth.com.