Martha's Vineyard Investment Advisors, LLC (West Tisbury)


Martha's Vineyard Investment Advisors, LLC is a large advisory firm based in West Tisbury. It manages $143.01 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Maryland, Massachusetts, New Hampshire, and Texas.

Martha's Vineyard Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Martha's Vineyard Investment Advisors: assets under management

The assets under management (AUM) of Martha's Vineyard Investment Advisors, LLC is $143.01 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $143.01 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.3 million each.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Martha's Vineyard Investment Advisors, 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.

What kind of clients Martha's Vineyard Investment Advisors serves?

The only and largest group of clients of Martha's Vineyard Investment Advisors is high net worth individuals with 5 clients and $8.94 million of assets under management. Among the 10 most similar advisory firms, Martha's Vineyard Investment Advisors has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $8.94 million for 5 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.

Martha's Vineyard Investment Advisors doesn't advise any private funds.

Careers at Martha's Vineyard Investment Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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
Martha's Vineyard Savings Bank Managing member 1 Dec 2017 75% - 100% 04-2188463
James Mcdonald Anthony Chief compliance officer 1 Dec 2017 Other 5029299
Edward Joseph Murphy Managing director 1 Dec 2017 Other 2770198
Carol Hofmann Carroll Chief compliance officer 1 May 2018 Other 6956835
Mary Catherine Griffiths Chief compliance officer 1 Jul 2018 Other 4489501

Based in West Tisbury

The principal office where Martha's Vineyard Investment Advisors, LLC performs its advisory services is located at 496 State Rd, West Tisbury, MA 02575 The mailing address of the firm is P.O. Box 602, West Tisbury, MA 02575. An additional office of the firm is in Falmouth, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (508) 693-8850 or by fax 508-693-0171. The normal business hours are 8:00 am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mvinvestmentadvisors.com.