Ferris Capital, LLC is a large advisory firm based in Marlborough. It manages $577.55 million of regulatory assets for 697 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Louisiana, Massachusetts, and 4 other states.
Ferris Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Ferris Capital, LLC is $577.55 million. The firm's AUM has grown by 313% since the beginning of its operation, and $449.16 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ferris Capital, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Ferris Capital is high net worth individuals with 105 clients and $535.99 million of assets under management. Among the 6 most similar advisory firms, Ferris Capital has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $563.23 million for 196 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.
Ferris Capital also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 6 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 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.
The principal office where Ferris Capital, LLC performs its advisory services is located at 325 Donald Lynch Blvd., Marlborough, MA 01752, 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 (508) 281-5200. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ferris-capital.com/.