Stonehearth Capital Management LLC (Danvers)


Stonehearth Capital Management LLC is a large advisory firm based in Danvers. It manages $207.42 million of regulatory assets for 1,861 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

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

Stonehearth Capital Management: assets under management

The assets under management (AUM) of Stonehearth Capital Management LLC is $207.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $207.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $111.45 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stonehearth Capital 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 Stonehearth Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Stonehearth Capital Management is individuals with 343 clients and $120.88 million of assets under management. Among the 10 most similar advisory firms, Stonehearth Capital Management has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $207.38 million for 391 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.

Stonehearth Capital Management doesn't advise any private funds.

Careers at Stonehearth Capital Management LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Christopher John Gauthier has served as the Chief Investment Officer since 1 May 2012. Jamie Allen Upson joined the executive team most recently as the Managing Member, Chief Compliance Officer, President & Ceo.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Edward Prout Principal 1 Dec 1995 75% - 100% 828383
Richard Edward Prout Managing member 1 Apr 2004 75% - 100% 828383
Willam B Merrithew Chief financial officer 1 Jul 2005 Other 5126494
Jamie Allen Upson Chief compliance officer, manager 1 Jan 2009 Other 4046712
Christopher John Gauthier Chief investment officer 1 May 2012 Other 6067078
Jamie Allen Upson Managing member, chief compliance officer, president & ceo 1 Jan 2017 75% - 100% 4046712

Based in Danvers

The principal office where Stonehearth Capital Management LLC performs its advisory services is located at 199 Rosewood Drive, Danvers, MA 01923, 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 978-624-3000 or by fax 978-624-3007. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at stonehearthcapital.com.