Guidance Point Advisors, LLC (Boston)

Name: Guidance Point Advisors, LLC
Address: 225 Franklin Street, Boston, MA, 02110
Telephone: 617-869-6653

Guidance Point Advisors, LLC is a large advisory firm based in Boston. It manages $241.88 million of regulatory assets for 369 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Florida, Maine, and 5 other states.

Guidance Point Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Guidance Point Advisors: assets under management

The assets under management (AUM) of Guidance Point Advisors, LLC is $241.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 796% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $241.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $655.5 thousand each.

Guidance Point Advisors has custody of $20.8 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Guidance Point Advisors, 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 Guidance Point Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Guidance Point Advisors is high net worth individuals with 38 clients and $201.93 million of assets under management. Among the 8 most similar advisory firms, Guidance Point Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $240.98 million for 165 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.

Guidance Point Advisors doesn't advise any private funds.

Careers at Guidance Point Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 100 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 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
Wesley Austin Delcol	Managing member/chief compliance officer/owns common shares	1 Oct 2008	50% - 75%	2979272
Robert Egidio Delcol	Member/owns preferred a shares,non-voting	1 Oct 2008	50% - 75%	1513208
Jason Meade Delcol	Member/owns preferred b shares, non-voting	1 Oct 2008	Other	2945842
Benjamin James Smith	Member/preferred unit holder and principal	1 Oct 2015	Other	6027765
Andrew Jay Walker	Member/preferred unit holder and principal	1 Oct 2015	Other	3185396

Based in Boston

The principal office where Guidance Point Advisors, LLC performs its advisory services is located at 225 Franklin Street, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in New Barn, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-869-6653 or by fax 888-691-2306. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at guidancepointllc.com.