High Pines Wealth Management LLC (Duxbury)

High Pines Wealth Management LLC is a large advisory firm based in Duxbury. It manages $105.45 million of regulatory assets for 99 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Massachusetts, and New Hampshire.

High Pines Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

High Pines Wealth Management: assets under management

The assets under management (AUM) of High Pines Wealth Management LLC is $105.45 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $101.87 million in discretionary accounts and $3.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.08 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $715.98 thousand.

High Pines Wealth Management has custody of $7.53 million in cash and securities for 14 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 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay High Pines Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients High Pines Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of High Pines Wealth Management is high net worth individuals with 34 clients and $99.05 million of assets under management. Among the 8 most similar advisory firms, High Pines Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $100.16 million for 43 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.

High Pines Wealth Management doesn't advise any private funds.

Careers at High Pines Wealth Management LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Edward Winn	Member and interim cco	1 Oct 2016	75% - 100%	4639347
Dawn Wilma Gibbons	Member	1 Mar 2017	Other	6767339
Dawn W Gibbons	Managing member and chief compliance officer	1 Mar 2017	75% - 100%	6767339
Jim Matthew Gibbons	Managing member and chief compliance officer	1 May 2017	75% - 100%	2564337

Based in Duxbury

The principal office where High Pines Wealth Management LLC performs its advisory services is located at 25 Torrey Lane, Duxbury, MA 02332 The mailing address of the firm is P.O. Box 2031, Duxbury, MA 02331. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (617) 580-3141 or by fax (617) 463-9012. The normal business hours are 9:00am to 5:00pm on Monday - Friday.