Anchor Capital Advisors LLC is a large advisory firm based in Boston. It manages $2.96 billion of regulatory assets for 4,668 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.
Anchor Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Anchor Capital Advisors LLC is $2.96 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -41% since the beginning of its operation, and $86.6 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Anchor Capital Advisors LLC 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Stephen Carter Brown is high net worth individuals with 245 clients and $873.2 million of assets under management. Among the 10 most similar advisory firms, Anchor Capital Advisors has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.69 billion for 520 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Anchor Capital Advisors doesn't advise any private funds.
The company employs 48 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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 receive compensation from other entities for client referrals.
Stephen Carter Brown has been acting as President since 1 Apr 1986. William Phipps Rice joined the executive team most recently as the Executive Chairman.
The principal office where Anchor Capital Advisors LLC performs its advisory services is located at Two International Place, Boston, MA 02110 4104, 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 617-338-3800 or by fax 617-426-6871. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at anchorcapital.com.