The Darrow Company, Inc. (Concord)

Name: The Darrow Company, Inc.
Address: 801 Main Street, Concord, MA, 01742 3313
Telephone: 978-369-5144

The Darrow Company, Inc. is a large advisory firm based in Concord. It manages $165.78 million of regulatory assets for 352 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Massachusetts, and New Hampshire.

The Darrow Company provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Darrow Company: assets under management

The assets under management (AUM) of The Darrow Company, Inc. is $165.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 210% since the beginning of its operation, and $1.32 million of the total AUM is attributable to clients outside of the United States.

The firm manages $165.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $470.96 thousand each.

The Darrow Company has custody of $101.53 million in cash and securities for 83 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 36% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 30% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Darrow Company, Inc. 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 The Darrow Company serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of The Darrow Company is individuals with 75 clients and $89.12 million of assets under management. Among the 8 most similar advisory firms, The Darrow Company has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $165.78 million for 120 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.

The Darrow Company also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $25,000 for each fund.

Careers at The Darrow Company, Inc.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas James Mcfarland	President / chief compliance officer	1 Sep 1987	75% - 100%	834483
Michelle Elise Wells	Chief operations officer	1 Jan 2009	Other	4551613

Based in Concord

The principal office where The Darrow Company, Inc. performs its advisory services is located at 801 Main Street, Concord, MA 01742 3313, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978-369-5144 or by fax 978-369-7578. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at darrowwealthmanagement.com.