Renaissance Investment Group, LLC (Lenox)


Renaissance Investment Group, LLC is a large advisory firm based in Lenox. It manages $304.65 million of regulatory assets for 380 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Renaissance Investment Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Renaissance Investment Group: assets under management

The assets under management (AUM) of Renaissance Investment Group, LLC is $304.65 million. The firm's AUM has grown by 216% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $288.1 million in discretionary accounts and $16.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $785.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 11% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Renaissance Investment Group, 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.

What kind of clients Renaissance Investment Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Renaissance Investment Group is high net worth individuals with 84 clients and $193.91 million of assets under management. Among the 11 most similar advisory firms, Renaissance Investment Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $286.33 million for 251 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.

Renaissance Investment Group doesn't advise any private funds.

Careers at Renaissance Investment Group, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Henry Anderson Fenn Member 1 May 2000 25% - 50% 4342656
Thomas Edward Malinowski Member 1 May 2000 25% - 50% 1488636
Hudson Ashley Smith Member 1 May 2000 25% - 50% 4342670
Reginald Palmer Vincent Member 1 May 2000 25% - 50% 454882
Thomas Edward Malinowski President and managing director - financial counseling 1 Apr 2010 Other 1488636
Legacy Banks Managing member 1 Apr 2010 75% - 100% 04-1180020
Hudson Ashley Smith President and managing director - investments 1 Apr 2010 Other 4342670
Reginald Palmer Vincent Vice president and managing director - investments 1 Apr 2010 Other 454882
Berkshire Bank Managing member 1 Jul 2011 75% - 100% 04-3312097
Patrick John Sullivan Executive vice president of commercial banking and wealth management 1 Jul 2011 Other 6025238
Trevor Malpas Forbes Manager, managing director - investments 1 May 2012 Other 5994373
Richard M Marotta Manager 1 May 2012 Other 6089390
Paula Mary Hilchey Chief compliance officer 1 Jan 2014 Other 6297609
Trevor Malpas Forbes Manager - president & cio 1 Oct 2016 50% - 75% 5994373
Llc Sa Concepts Managing member 1 Oct 2016 75% - 100% 81-3949835
Thomas Edward Malinowski Financial advisor & managing director 1 Mar 2017 Other 1488636
Lori Jeanne Killeen Senior administrator & managing director 1 Mar 2017 Other 6772993

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Berkshire Hills Bancorp Owner 1 Oct 2005 Other 04-3510455
Legacy Bancorp. Owner 1 Oct 2005 Other 20-3135053
Jeffrey Alan Concepcion Managing member 1 Jun 2016 75% - 100% 1899367
Llc Stratos Wealth Holdings Holding company 1 Oct 2016 75% - 100% 81-2644077
Llc Stratos Wealth Enterprises Memeber 1 Oct 2016 25% - 50% 81-2644077

Based in Lenox

The principal office where Renaissance Investment Group, LLC performs its advisory services is located at 55 Pittsfield Road, Suite 1 A, Lenox, MA 01240, 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 413-445-2481 or by fax 413-445-5873. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at berkshirebank.com/personal/investing/renaissance-investment-group.

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