Coppertree®, LLC (Westborough)


Coppertree®, LLC is a large advisory firm based in Westborough. It manages $157.24 million of regulatory assets for 700 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and 4 other states.

Coppertree® provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Coppertree®: assets under management

The assets under management (AUM) of Coppertree®, LLC is $157.24 million. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $133.6 million in discretionary accounts and $23.63 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $193.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.36 million.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% 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 Coppertree®, 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 Coppertree® serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Coppertree® is high net worth individuals with 51 clients and $85.49 million of assets under management. Among the 9 most similar advisory firms, Coppertree® has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.12 million for 336 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.

Coppertree® doesn't advise any private funds.

Careers at Coppertree®, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Adam Anthony Waitkevich Managing principal, financial advisor and chief compliance officer 1 Mar 2015 75% - 100% 4735172

Based in Westborough

The principal office where Coppertree®, LLC performs its advisory services is located at 80 Flanders Road, Westborough, MA 01581, 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 (508) 719-8510 or by fax (508) 986-7080. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at coppertree.com and its LinkedIn profile.