Andover Equity Associates Corp (Andover)


Andover Equity Associates Corp is a large advisory firm based in Andover. It manages $146.5 million of regulatory assets for 72 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Massachusetts.

Andover Equity Associates Corp provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Andover Equity Associates Corp: assets under management

The assets under management (AUM) of Andover Equity Associates Corp is $146.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 183% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $146.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.03 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Andover Equity Associates Corp for their services and products based on a percentage of assets under management, hourly charges, 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.

Careers at Andover Equity Associates Corp

Howard Vincent Redgate has been acting as President since 1 Jan 2008. Samuel James Conte joined the executive team most recently as the President/Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Howard Vincent Redgate President 1 Apr 1991 75% - 100% 372311
Howard Vincent Redgate Chairman/chief compliance officer 1 Jan 2008 75% - 100% 372311
Samuel James Conte President/chief compliance officer 1 Jan 2008 Other 2341015

Based in Andover

The principal office where Andover Equity Associates Corp performs its advisory services is located at 38 Essex Street, Andover, MA 01810, 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 978-474-4747 or by fax 978-749-9744. The normal business hours are 8:30 am-4:30 pm on Monday - Friday. You can find more information about the New York firm at andoverequity.com/.