Albert D Mason Inc (Boston)

Name: Albert D Mason Inc
Address: 50 Federal St., Boston, MA, 02110
Telephone: 617-228-5190

Albert D Mason Inc is a large advisory firm based in Boston. It manages $164.61 million of regulatory assets for 284 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Massachusetts, New Jersey, and New York.

Albert D Mason provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Albert D Mason: assets under management

The assets under management (AUM) of Albert D Mason Inc is $164.61 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $164.61 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $579.62 thousand each.

Albert D Mason has custody of $137.7 million in cash and securities for 198 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in investment and business development companies form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Albert D Mason Inc for their services and products based on a percentage of assets under management. 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 Albert David Mason serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Albert David Mason is pooled investment vehicles with 3 clients and $104.88 million of assets under management. Among the 8 most similar advisory firms, Albert D Mason has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $163.15 million for 56 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.

Albert D Mason also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Albert D Mason Inc

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Albert David Mason has been acting as President since 1 Jan 1999. Gregg Thomas Picillo joined the executive team most recently as the Senior Vice President & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Albert David Mason	President	1 Jan 1999	75% - 100%	1223381
Catherine Vanessa Faddis	Senior vice president	1 Jan 2004	Other	4751745
Catherine Bruce Konuah	Vice president - partner	1 Jan 2004	Other	4751745
William John Cox	Vice-president partner	1 Jan 2004	Other	1251735
Catherine Faddis	Chief compliance officer	1 Jan 2004	Other	4751745
Gregg Thomas Picillo	Senior vice president & chief compliance officer	1 Apr 2007	Other	5302060

Based in Boston

The principal office where Albert D Mason Inc performs its advisory services is located at 50 Federal St., Boston, MA 02110, 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 617-228-5190 or by fax 617-507-5911. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at mason-capital.com.