Boon Investments, Inc. (Philadelphia)

Name: Boon Investments, Inc.
Address: 1010 Hancock Street, Philadelphia, PA, 12913
Telephone: 908-328-4261

Boon Investments, Inc. is an internet adviser based in Philadelphia. It manages $86.74 thousand of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Pennsylvania.

Boon Investments provides portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Boon Investments: assets under management

The assets under management (AUM) of Boon Investments, Inc. is $86.74 thousand, all of which is managed in discretionary accounts. $81 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $86.74 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.63 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Boon Investments, Inc. for their services and products based on a percentage of assets under management. 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 Boon Investments serves?

The only and largest group of clients of Boon Investments is individuals with 33 clients and $86.74 thousand of assets under management. Among the 6 most similar advisory firms, Boon Investments has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $86.74 thousand for 33 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 45% of the firm’s clients are foreign persons or businesses.

Boon Investments doesn't advise any private funds.

Careers at Boon Investments, 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.

Nicholas Glenn Dileo joined the executive team most recently as the Chief Technology Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Peter Borkowski	Chief compliance officer	1 Dec 2015	Other	4019988
John Thomas Borkowski	Chief executive officer	1 Dec 2015	50% - 75%	6596829
Nicholas Glenn Dileo	Chief technology officer	1 Feb 2016	25% - 50%	6772469

Based in Philadelphia

The principal office where Boon Investments, Inc. performs its advisory services is located at 1010 Hancock Street, Philadelphia, PA 12913, 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 908-328-4261. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at booninvestments.com.