B&L Asset Management LLC (Boston)

Name: B&L Asset Management LLC
Address: 125 High Street, Boston, MA, 02110
Telephone: 617-345-3400

B&L Asset Management LLC is a large advisory firm based in Boston. It manages $186.75 million of regulatory assets for 170 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Massachusetts.

B&L Asset Management provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

B&L Asset Management: assets under management

The assets under management (AUM) of B&L Asset Management LLC is $186.75 million. The firm's AUM has grown by 62% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $167.84 million in discretionary accounts and $18.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.14 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $822.16 thousand.

B&L Asset Management has custody of $301.93 million in cash and securities for 199 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% 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 and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay B&L Asset Management LLC 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.

What kind of clients B&L Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of B&L Asset Management is high net worth individuals with 107 clients and $137.19 million of assets under management. Among the 8 most similar advisory firms, B&L Asset Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $186.75 million for 170 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.

B&L Asset Management doesn't advise any private funds.

Careers at B&L Asset Management LLC

The company employs 3 people that are either part- or full-time employees. 33 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llp Burns & Levinson	Managing member	1 Nov 1996	75% - 100%	04-2265163
Howard D Medwed	Manager	1 May 1997	Other	2850456
Raymond Edward Baxter	Manager, chief compliance officer	1 May 1997	Other	2850466
Steven C Goodwin	Manager	1 May 1997	Other	2850459
Monica Ann Ness	Manager	1 May 1997	75% - 100%	1504307
Robert Clement Rives	Manager	1 May 1997	75% - 100%	2850464
Raymond Edward Baxter	Manager	1 Jun 1997	75% - 100%	2850466
Steven C Goodwin	Manager	1 Feb 1998	75% - 100%	2850459
Rand Goodwin Folta	Manager	1 May 2000	75% - 100%	721219
Rand Goodwin Folta	Manager	1 May 2001	Other	721219
Raymond Edward Baxter	Manager, chief compliance officer	1 Feb 2004	Other	2850466
Mark A Nowak	Manager	1 Mar 2012	Other	5877827

Based in Boston

The principal office where B&L Asset Management LLC performs its advisory services is located at 125 High Street, 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 617-345-3400 or by fax 617-345-3299. 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 blasset.com/.