Prio Wealth Limited Partnership (Boston)

Name: Prio Wealth Limited Partnership
Address: 265 Franklin Street, Boston, MA, 02110 3199
Telephone: 617-224-1900

Prio Wealth Limited Partnership is a large advisory firm based in Boston. It manages $2.56 billion of regulatory assets for 1,502 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Prio Wealth Limited Partnership provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prio Wealth Limited Partnership: assets under management

The assets under management (AUM) of Prio Wealth Limited Partnership is $2.56 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -7% since the beginning of its operation, and $31.17 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.56 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.7 million each.

Prio Wealth Limited Partnership has custody of $2.52 billion in cash and securities for 630 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prio Wealth Limited Partnership for their services and products based on a percentage of assets under management 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 Prio Wealth Limited Partnership serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Prio Wealth Limited Partnership is high net worth individuals with 408 clients and $2.14 billion of assets under management. Among the 8 most similar advisory firms, Prio Wealth Limited Partnership has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.56 billion for 635 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.

Prio Wealth Limited Partnership doesn't advise any private funds.

Careers at Prio Wealth Limited Partnership

The company employs 23 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 8 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
Thomas Frederic Woodhouse	Limited partner & managing director	1 Jan 2008	Other	2600569
Seaward Management Business Trust	General partner	1 Jan 2008	Other	04-2996258
John Gerard Bratschi	Limited partner, & managing director	1 Jan 2008	Other	1966087
Kelly Anne Morgan	Limited partner & managing director	1 Jan 2011	Other	1191087
Jeffrey J St. Mary	Limited partner & managing director	1 Jan 2011	Other	5125730
Stephen Reinhold Petersen	Limited partner & managing director	1 Jul 2015	Other	6286739
Bret Matthew Livingston	Chief operating officer & chief compliance officer	1 Jan 2018	Other	3013659

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Gerard Bratschi	Trustee	1 Jan 2011	Other	1966087
Thomas Frederic Woodhouse	Trustee	1 Jan 2011	Other	2600569

Based in Boston

The principal office where Prio Wealth Limited Partnership performs its advisory services is located at 265 Franklin Street, Boston, MA 02110 3199, 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 617-224-1900 or by fax 617-224-1910. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at priowealth.com.