Independence Investments LLC (Boston)

Name: Independence Investments LLC
Address: 160 Federal Street, Boston, MA, 02110
Telephone: 617-228-8700

Independence Investments LLC is a large advisory firm based in Boston. It manages $1.14 billion of regulatory assets for 51 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, Massachusetts, Texas, and Vermont.

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

Independence Investments: assets under management

The assets under management (AUM) of Independence Investments LLC is $1.14 billion. The firm's AUM has gone down by -85% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.14 billion in discretionary accounts and $3.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $22.82 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.1 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Independence Investments 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.

Careers at Independence Investments LLC

Richard Howard Adler has been acting as President since 1 May 2006. James Leu joined the executive team most recently as the Senior Vice President, Member/Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Convergent Capital Management Llc	Member	1 Apr 2006	75% - 100%	34-1975129
Richard Howard Adler	Director	1 May 2006	Other	2102059
Mark Charles Lapman	Chairman, chief executive officer, president and member/director	1 May 2006	Other	2246840
Miriam Flicop Cooper	Chief operating officer, executive vice president and member/director	1 May 2006	Other	2255386
Patricia Ann Thompson	Chief compliance officer and senior vice president	1 May 2006	Other	4726937
Jon Cowell Hunt	Director	1 May 2006	Other	2452038
Vernon Clark Kozlen	Director	1 May 2006	Other	4085477
William J. Freeman	Director	1 Apr 2007	Other	4650630
James Leu	Senior vice president, member/director	1 Jul 2008	Other	3226680

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
City National Corporation	Member	1 Apr 2006	75% - 100%	95-2568550

Based in Boston

The principal office where Independence Investments LLC performs its advisory services is located at 160 Federal Street, Boston, MA 02110, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 617-228-8700 or by fax 617-228-8986. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.independence.com.