Account Management, LLC (Boston)

Account Management, LLC is a large advisory firm based in Boston. It manages $135.91 million of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Colorado, Connecticut, and 15 other states.

Account Management provides portfolio management for individuals and small businesses 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.

Account Management: assets under management

The assets under management (AUM) of Account Management, LLC is $135.91 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -63% since the beginning of its operation, and $1.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $135.91 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.24 million each.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Account Management, LLC 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 Account Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Account Management is high net worth individuals with 23 clients and $103.65 million of assets under management. Among the 10 most similar advisory firms, Account Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135.91 million for 42 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Account Management doesn't advise any private funds.

Careers at Account Management, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Andrew Deroetth	Member	1 Apr 2001	50% - 75%	1900358
Llc Account Management Holdings	Member	1 Apr 2001	50% - 75%	04-3558936
Richard Charles Albright	Member	1 Apr 2001	25% - 50%	4351942
Peter Deroetth	Principal	1 Apr 2001	Other	4351952
Tim Keppel Albright	Chief compliance officer	1 Jul 2004	Other	2933582
Peter Deroetth	Member & chief compliance officer	1 Apr 2006	Other	4351952

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Louisa Burdette	Member	1 Apr 2001	25% - 50%	4394056
Elisabeth Abbe	Member	1 Apr 2001	25% - 50%	4394061

Based in Boston

The principal office where Account Management, LLC performs its advisory services is located at 333 Washington Street, Boston, MA 02108, 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 617-236-4200 or by fax 617-227-0308. The normal business hours are 8 am - 5 pm on Monday - Friday.