John Hancock Personal Financial Services, LLC (Boston)

John Hancock Personal Financial Services, LLC is a large advisory firm based in Boston. It manages $1.06 billion of regulatory assets for 31,694 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

John Hancock Personal Financial Services provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

John Hancock Personal Financial Services: assets under management

The assets under management (AUM) of John Hancock Personal Financial Services, LLC is $1.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 52% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $33.35 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay John Hancock Personal Financial Services, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed 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 Christopher Noel Griswold serves?

The only and largest group of clients of Christopher Noel Griswold is individuals with 31,694 clients and $1.06 billion of assets under management. Among the 11 most similar advisory firms, John Hancock Personal Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.06 billion for 31,694 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.

John Hancock Personal Financial Services doesn't advise any private funds.

Careers at John Hancock Personal Financial Services, LLC

The company employs 117 people that are either part- or full-time employees. 11 percent of the employees work as investment advisers or researchers. 36 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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.

Christopher Noel Griswold has been acting as President since 1 Dec 2014. Peter Defrancesco joined the executive team most recently as the President; Elected Manager / Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc John Hancock Subsidiaries	Member	1 Dec 2014	75% - 100%	04-2687223
Francis Vincent Knox	Chief compliance officer	1 Dec 2014	Other	1699647
Tim William Ramza	Elected manager/director, president	1 Dec 2014	Other	5387591
Christopher Noel Griswold	Elected manager/director	1 Dec 2014	Other	3210493
Betsy Anne Seel	Counsel, secretary	1 Dec 2014	Other	4469605
Michael Nmn Zargaj	Vice president and elected manager/director	1 Dec 2014	Other	6439786
Steven Francis Dorval	President; elected manager / director	1 Dec 2014	Other	4163630
Jeffrey Howard Nataupsky	Chief financial officer	1 Dec 2014	Other	6329134
Betsy Seel	Counsel, secretary	1 Dec 2014	Other	4469605
The Manufacturers Investment Corporation	Shareholder	1 Jul 2015	75% - 100%	38-3261832
Robert Joseph Hartigan	Chief compliance officer	1 Mar 2018	Other	2931786
Jesse R Bean	Elected manager / director	1 Mar 2018	Other	4107290
John Kevin Barry	Elected manager / director	1 Sep 2018	Other	3102206
Peter Defrancesco	President; elected manager / director	1 Jul 2019	Other	7156416

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Manulife Financial Corporation	Member	1 Sep 1999	75% - 100%	98-0361647
The Manufacturers Investment Corporation	Shareholder	1 Jan 2002	75% - 100%	38-3261832
Manufacturers Life Insurance Company (Canada)	Shareholder	1 Dec 2003	75% - 100%	38-0788610
John Hancock Life Insurance Company (U.S.A.)	Member	1 Dec 2009	75% - 100%	01-0233346
John Hancock Financial Corporation	Shareholder	1 Dec 2009	75% - 100%	20-1739430
Manulife Holdings (Alberta) Limited	Shareholder	1 Dec 2009	75% - 100%	n/a

Based in Boston

The principal office where John Hancock Personal Financial Services, LLC performs its advisory services is located at 200 Berkeley Street, Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-572-0109. The normal business hours are 8:30 a.m. until 5:00 p.m. on Monday - Friday.