Bromfield Financial Advisory Group, Inc. (Cambridge)

Name: Bromfield Financial Advisory Group, Inc.
Address: 10 Rogers Street, Cambridge, MA, 02142
Telephone: 617-252-3400

Bromfield Financial Advisory Group, Inc. is a large advisory firm based in Cambridge. It manages $312.76 million of regulatory assets for 278 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Massachusetts and New Hampshire.

Bromfield Financial Advisory Group provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bromfield Financial Advisory Group: assets under management

The assets under management (AUM) of Bromfield Financial Advisory Group, Inc. is $312.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 153% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $312.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.13 million each.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bromfield Financial Advisory Group, Inc. for their services and products based on a percentage of assets under management 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 Sandra N/M/N Bromfield serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sandra N/M/N Bromfield is high net worth individuals with 94 clients and $298.84 million of assets under management. Among the 9 most similar advisory firms, Bromfield Financial Advisory Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $312.76 million for 117 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.

Bromfield Financial Advisory Group doesn't advise any private funds.

Careers at Bromfield Financial Advisory Group, Inc.

The company employs 3 people that are either part- or full-time employees. 67 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.

Sandra N/M/N Bromfield has been acting as President since 1 Jan 2002. Eric Michael Sneider joined the executive team most recently as the Vice President / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sandra N/M/N Bromfield	President	1 Jan 2002	Other	1280878
Eric Michael Sneider	Vice president / chief compliance officer	1 Jan 2002	75% - 100%	1836085
Sandra Bromfield	President & director	1 Jan 2002	50% - 75%	1280878

Based in Cambridge

The principal office where Bromfield Financial Advisory Group, Inc. performs its advisory services is located at 10 Rogers Street, Cambridge, MA 02142, 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 617-252-3400 or by fax 617-252-3777. 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 bromfieldfinancial.com.