Jack Point Advisors, LLC (Southport)


Jack Point Advisors, LLC is an adviser based in Southport. It manages $67.41 million of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut and New York.

Jack Point Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jack Point Advisors: assets under management

The assets under management (AUM) of Jack Point Advisors, LLC is $67.41 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $67.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.3 million each.
Jack Point Advisors has custody of $5 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jack Point Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Jack Point Advisors serves?

The only and largest group of clients of Jack Point Advisors is high net worth individuals with 7 clients and $65.01 million of assets under management. Among the 2 most similar advisory firms, Jack Point Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $65.01 million for 7 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.

Jack Point Advisors doesn't advise any private funds.

Careers at Jack Point Advisors, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James Putnam Busterud Managing member 1 Nov 2017 75% - 100% 3126158
Taylor Ann Baldwin Chief compliance officer 1 Dec 2017 Other 1872403

Based in Southport

The principal office where Jack Point Advisors, LLC performs its advisory services is located at 73 Christmas Tree Lane, Southport, CT 06890, 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 203-292-6111. The normal business hours are 9a-5p on Monday - Friday. You can find more information about the New York firm at jackpointadvisors.com.