Prime Buchholz LLC (Portsmouth)

Name: Prime Buchholz LLC
Address: 273 Corporate Drive, Suite 250, Portsmouth, NH, 03801
Telephone: 603-433-1143

Prime Buchholz LLC is a large advisory firm based in Portsmouth. It manages $2.81 billion of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Connecticut, Florida, Georgia, and 4 other states.

Prime Buchholz provides pension consulting services, selection of other advisers, and general investment consulting - investment program design, asset allocation, manager search/evaluation, performance monitoring. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prime Buchholz: assets under management

The assets under management (AUM) of Prime Buchholz LLC is $2.81 billion. The firm's AUM has grown by 237% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $301.52 million in discretionary accounts and $2.51 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $37.69 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $132.11 million.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 36% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prime Buchholz LLC for their services and products based on a percentage of assets under management 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 William Francis Mccarron serves?

The firm provides services to insurance companies, charitable organizations, and high net worth individuals. The largest group of clients of William Francis Mccarron is charitable organizations with 199 clients and $2.19 billion of assets under management. Among the 13 most similar advisory firms, Prime Buchholz has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $2.81 billion for 234 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.

Prime Buchholz doesn't advise any private funds.

Careers at Prime Buchholz LLC

The company employs 108 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 2 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.

William Francis Mccarron has been acting as President since 1 Jan 1990. Christopher John Sweeney joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Francis Mccarron	President	1 Jan 1990	25% - 50%	1337325
Marshall Raucci	Principal	1 Sep 1996	Other	2475486
Gregory Charles Desisto	Treasurer	1 Jan 2000	Other	2453603
Gregory Charles Johnson	Principal	1 Dec 2004	Other	2453595
Marcia S Kovalik	Chief compliance officer and general counsel	1 Oct 2008	Other	4725400
Jeffrey Robert Croteau	Principal	1 Dec 2008	Other	4005980
Christopher John Sweeney	Chief operating officer	1 Jun 2010	Other	5879914

Based in Portsmouth

The principal office where Prime Buchholz LLC performs its advisory services is located at 273 Corporate Drive, Suite 250, Portsmouth, NH 03801, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-433-1143 or by fax 603-433-8661. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at primebuchholz.com.