Old Ironsides Energy, LLC (Boston)

Name: Old Ironsides Energy, LLC
Address: 10 St. James Avenue, Boston, MA, 02116
Telephone: 617-366-2030

Old Ironsides Energy, LLC is a large advisory firm based in Boston. It manages $1.76 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Massachusetts.

Old Ironsides Energy provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Old Ironsides Energy: assets under management

The assets under management (AUM) of Old Ironsides Energy, LLC is $1.76 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.76 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $292.54 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old Ironsides Energy, LLC for their services and products based on a percentage of assets under management and performance-based 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 Old Ironsides Energy serves?

The only and largest group of clients of Old Ironsides Energy is pooled investment vehicles with 6 clients and $1.76 billion of assets under management. Among the 13 most similar advisory firms, Old Ironsides Energy has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.76 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.

Old Ironsides Energy also advises several private funds. Namely, four private equity funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Old Ironsides Energy, LLC

The company employs 21 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. No 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
Daniel Alan Rioux	Member and managing partner	1 Jul 2013	25% - 50%	2077258
Scott Edward Carson	Member and managing partner	1 Jul 2013	Other	2901911
Gregory Scott Morzano	Member and managing partner	1 Jul 2013	25% - 50%	2786883
Sean O'neill	Member and managing partner	1 Jul 2013	Other	6232575
Andrea C (Carroll) Haney	Chief compliance officer	1 Jul 2013	Other	2763578
Andrea C Carroll	Chief compliance officer	1 Jul 2013	Other	2763578
David Brian Delmore	Chief financial officer	1 Jan 2014	Other	2105381

Based in Boston

The principal office where Old Ironsides Energy, LLC performs its advisory services is located at 10 St. James Avenue, Boston, MA 02116, 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 617-366-2030 or by fax 617-426-1021. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at oldironsidesenergy.com.