New World Advisors LLC (Hingham)

New World Advisors LLC is a large advisory firm based in Hingham. It manages $224.45 million of regulatory assets for 98 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Massachusetts.

New World Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

New World Advisors: assets under management

The assets under management (AUM) of New World Advisors LLC is $224.45 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $224.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.29 million each.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New World Advisors LLC for their services and products based on a percentage of assets under management 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 New World Advisors serves?

The only and largest group of clients of New World Advisors is high net worth individuals with 29 clients and $224.45 million of assets under management. Among the 9 most similar advisory firms, New World Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $224.45 million for 29 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.

New World Advisors doesn't advise any private funds.

Careers at New World Advisors LLC

The company employs 9 people that are either part- or full-time employees. 44 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc New World Financial Holdings	Managing member	1 Mar 2018	50% - 75%	11111111
New World Advisors Management Llc	Member	1 Apr 2018	25% - 50%	22222222
John A Fasciano	Partner	1 Jul 2018	Other	5704892

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Michael Shepard	Managing member	1 Mar 2018	50% - 75%	5432858
William Warren Neville	Managing member	1 Mar 2018	50% - 75%	5173114
Peter Richard Gelb	Member and chief financial officer	1 Mar 2018	25% - 50%	2542816
Arthur Robert Oswald	Managing member	1 Mar 2018	25% - 50%	1191602
Frank Wright Burr	Member	1 Mar 2018	25% - 50%	1898971
John Francis Steinmetz	Chairman	1 Mar 2018	25% - 50%	1132822
Christopher David Cabral	Member - partner - chief investment officer	1 Aug 2018	25% - 50%	2716463

Based in Hingham

The principal office where New World Advisors LLC performs its advisory services is located at 350 Lincoln Street, Hingham, MA 02043, 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 781 749-6922. The normal business hours are 9:00am - 5:00pm on Monday - Friday.