Birch Hill Investment Advisors LLC (Boston)

Name: Birch Hill Investment Advisors LLC
Address: One International Place, Boston, MA, 02110
Telephone: 617-502-8300

Birch Hill Investment Advisors LLC is a large advisory firm based in Boston. It manages $1.56 billion of regulatory assets for 1,111 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alaska, Arizona, California, and 30 other states.

Birch Hill Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Birch Hill Investment Advisors: assets under management

The assets under management (AUM) of Birch Hill Investment Advisors LLC is $1.56 billion. The firm's AUM has grown by 94% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.56 billion in discretionary accounts and $1.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.73 million.

Birch Hill Investment Advisors has custody of $1.48 billion in cash and securities for 177 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 cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Birch Hill Investment Advisors LLC 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 Gary Richard Mikula serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Gary Richard Mikula is high net worth individuals with 154 clients and $1.42 billion of assets under management. Among the 12 most similar advisory firms, Birch Hill Investment Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.53 billion for 175 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.

Birch Hill Investment Advisors doesn't advise any private funds.

Careers at Birch Hill Investment Advisors LLC

The company employs 18 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 7 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.

Gary Richard Mikula has been acting as President since 1 Apr 2007. John Barry Stiles joined the executive team most recently as the Member/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Richard Mikula	Managing member/president	1 Apr 2007	50% - 75%	1582849
Thomas Edward Reilly	Managing member	1 Apr 2007	Other	3091437
Miner Allen Crary	Managing member/clerk	1 Apr 2007	Other	4340422
Robert Agnew Oneil	Managing member/treasurer	1 Apr 2007	Other	1626421
Thomas E Reilly	Managing member/chief compliance officer	1 Apr 2007	Other	3091437
Miner A. Crary	Managing member/clerk	1 Apr 2007	Other	4340422
John Barry Stiles	Member/chief compliance officer	1 Jan 2009	Other	5643992

Based in Boston

The principal office where Birch Hill Investment Advisors LLC performs its advisory services is located at One International Place, Boston, MA 02110, 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 617-502-8300 or by fax 617-502-8310. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at birchhilladvisors.com.