Bromfield Sneider Wealth Advisors, Inc. (Cambridge)

Name: Bromfield Sneider Wealth Advisors, Inc.
Address: 10 Rogers Street, Cambridge, MA, 02142
Telephone: 617-252-3400

Bromfield Sneider Wealth Advisors, Inc. is a large advisory firm based in Cambridge. It manages $293.38 million of regulatory assets for 280 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Massachusetts and New Hampshire.

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

Bromfield Sneider Wealth Advisors: assets under management

The assets under management (AUM) of Bromfield Sneider Wealth Advisors, Inc. is $293.38 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $293.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.05 million each.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% 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 Bromfield Sneider Wealth Advisors, Inc. 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 Bromfield Sneider Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bromfield Sneider Wealth Advisors is high net worth individuals with 92 clients and $279.49 million of assets under management. Among the 11 most similar advisory firms, Bromfield Sneider Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $293.38 million for 116 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.

Bromfield Sneider Wealth Advisors doesn't advise any private funds.

Careers at Bromfield Sneider Wealth Advisors, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 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.

Based in Cambridge

The principal office where Bromfield Sneider Wealth Advisors, Inc. performs its advisory services is located at 10 Rogers Street, Cambridge, MA 02142, 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 617-252-3400 or by fax 617-252-3777. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at bromfieldsneider.com.