Twelve Points Wealth Management LLC is a large advisory firm based in Concord. It manages $352.04 million of regulatory assets for 551 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Massachusetts and New Hampshire.
Twelve Points Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Twelve Points Wealth Management LLC is $352.04 million. The firm's AUM has grown by 251% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Twelve Points Wealth Management LLC 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Twelve Points Wealth Management is pooled investment vehicles with 57 clients and $229.05 million of assets under management. Among the 7 most similar advisory firms, Twelve Points Wealth Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $352.04 million for 262 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.
Twelve Points Wealth Management doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 5 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.
Twelve Points Wealth Management LLC is owned by Emanuel Nmn Frangiadakis. Kimberly Ann Van Winkle joined the executive team most recently as the Chief Compliance Officer.
The principal office where Twelve Points Wealth Management LLC performs its advisory services is located at 9 Pond Lane, Concord, MA 01742, 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 978-318-9500 or by fax 978-318-9505. The normal business hours are 7am-7pm on Monday - Friday. You can find more information about the New York firm at twelvepointswealth.com.