Whalerock Point Partners, LLC is a large advisory firm based in Providence. It manages $398.16 million of regulatory assets for 207 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, New York, and Rhode Island.
Whalerock Point Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting services to 529 plan service provider; consulting service to dental insurance company. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Whalerock Point Partners, LLC is $398.16 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Whalerock Point Partners, LLC 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Whalerock Point Partners is corporations or other businesses with 3 clients and $138.44 million of assets under management. Among the 6 most similar advisory firms, Whalerock Point Partners has the 2nd highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $398.16 million for 81 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.
Whalerock Point Partners doesn't advise any private funds.
The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 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.
The principal office where Whalerock Point Partners, LLC performs its advisory services is located at One Turks Head Place, Providence, RI 02903 2205, 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 401-228-7799 or by fax 401-228-7648. The normal business hours are 8:30 am- 5:00 pm on Monday - Friday. You can find more information about the New York firm at wrpoint.com/.