North American Management Corp (Boston)

Name: North American Management Corp
Address: Ten Post Office Square Suite 1200 South, Boston, MA, 02109 4621
Telephone: 617-695-2100

North American Management Corp is a large advisory firm based in Boston. It manages $1.3 billion of regulatory assets for 913 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 8 other states.

North American Management Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

North American Management Corp: assets under management

The assets under management (AUM) of North American Management Corp is $1.3 billion. The firm's AUM has grown by 168% since the beginning of its operation, and $6.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.1 billion in discretionary accounts and $198.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.25 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.01 million.

North American Management Corp has custody of $363.59 million in cash and securities for 275 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay North American Management Corp for their services and products based on a percentage of assets under management 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 Herbert Peter Hess serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Herbert Peter Hess is high net worth individuals with 181 clients and $939.79 million of assets under management. Among the 9 most similar advisory firms, North American Management Corp has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.3 billion for 420 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

North American Management Corp also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $1 for each fund.

Careers at North American Management Corp

The company employs 26 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Herbert Peter Hess has been acting as President since 1 Mar 2004. David Baker has served as the Chief Investment Officer since 1 Jan 2007. Allison Engelhardt Popeo joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Stone	Director	1 Jan 1963	25% - 50%	2435984
Hans Howard Estin	Vice president	1 Dec 1974	Other	2435983
Jacob Frederick Brown	President	1 May 1978	Other	2307907
Earl E Watson	Vice president	1 Apr 1983	Other	460018
Earl Everett Watson	Senior vice president	1 Apr 1983	Other	460018
John Hobson Grummon	Sr. vice president	1 Apr 1995	Other	2435982
Jonathan Snyder	Vice president	1 Aug 1996	Other	2834776
David Baker	Vice president	1 Nov 2001	Other	2549952
Herbert P Hess	Chairman	1 Nov 2001	Other	4339684
Charles Berents	Senior vice president	1 Nov 2001	Other	1899479
Charles N. Berents	Managing principal/chief investment officer	1 Nov 2001	Other	1899479
Terry Liu	Vice president	1 Apr 2002	Other	4649652
Lisa Kibbe Matthews	Managing principal	1 Sep 2002	Other	1928059
Hans Howard Estin	Vice chairman emeritus	1 Jan 2004	Other	2435983
David Barnes Stone	Chairman emeritus	1 Jan 2004	Other	2435984
John Hobson Grummon	Principal	1 Jan 2004	Other	2435982
Earl Everett Watson	Managing principal	1 Jan 2004	Other	460018
David Baker	Principal	1 Jan 2004	Other	2549952
Charles N. Berents	Managing principal/chief investment officer	1 Jan 2004	Other	1899479
Lisa Kibbe Matthews	Managing principal	1 Jan 2004	Other	1928059
Herbert Peter Hess	President	1 Mar 2004	Other	4339684
Jacob Frederick Brown	Chairman, chief compliance officer	1 Mar 2004	Other	2307907
Carlos J. Shigueta	Director of alternative investments	1 May 2006	Other	4221698
Nancy Stanley Brickley	Senior vice president	1 Jun 2006	Other	2188019
Roy Donald Treible	Chief compliance officer/vice president	1 Jun 2006	Other	5296328
Deborah North Cartisser	Vice president	1 Sep 2006	Other	1697132
David Baker	Chief investment officer	1 Jan 2007	Other	2549952
Nancy Stanley Brickley	Managing principal/senior vice president	1 Jan 2007	Other	2188019
Jeffrey R Aron	Vice president	1 Mar 2007	Other	4786118
Robert Gray Scott	Chairman/ceo	1 Jan 2008	Other	1426073
Susan K. Tangney	Managing principal	1 Jan 2008	Other	5074587
Herbert Peter Hess	President emeritus	1 Jan 2008	Other	4339684
Jacob Frederick Brown	Managing principal/chairman emeritus	1 Jan 2008	Other	2307907
Richard W Homans	Chairman	1 Jan 2008	Other	5655093
Karen F Manning	Controller	1 Apr 2009	Other	6049584
Blake Endicott Stuart	Chief compliance officer, chief operating officer	1 Jul 2009	Other	5767408
Roy Donald Treible	Former employee	1 Feb 2011	Other	5296328
Richard W Homans	Former board member	1 Apr 2011	Other	5655093
Fraser J Mclean	Director of asset allocation & portfolio management	1 May 2011	Other	6148993
Earl Everett Watson	Senior family adviser	1 Aug 2012	Other	460018
Anthony G. Scott Gst Trust Fbo Robert G. Scott	Shareholder	1 Aug 2012	Other	38-9644118
Yuval Ezer	Senior research analyst	1 Sep 2013	Other	6469252
Mark Joseph Reed	Principal & portfolio manager	1 Sep 2013	Other	1585379
Edward Douglas Huber	Senior research analyst	1 Sep 2014	Other	6043677
Lea Ann Garrison Knight	Director of wealth management	1 Jan 2015	Other	2911144
Allison E Popeo	Director of fiduciary services, sr. wealth advisor	1 Jan 2015	Other	4657639
Fraser J Mclean	Chief investment officer	1 Jan 2016	Other	6148993
Alyssa Mason Elliott	Chief compliance officer	1 Jan 2017	Other	6775026
Allison Engelhardt Popeo	Shareholder	1 Feb 2017	Other	4657639

Based in Boston

The principal office where North American Management Corp performs its advisory services is located at Ten Post Office Square Suite 1200 South, Boston, MA 02109 4621, which is also the mailing address of the firm. An additional office of the firm is in St. Louis, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-695-2100 or by fax 617-695-2121. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at namcorp.com and its LinkedIn profile.