Ipswich Investment Management Company, Inc. (Ipswich)

Name: Ipswich Investment Management Company, Inc.
Address: 53 S. Main Street, Ipswich, MA, 01938 2321
Telephone: 978-356-6333

Ipswich Investment Management Company, Inc. is a large advisory firm based in Ipswich. It manages $453.32 million of regulatory assets for 511 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Maine, and 6 other states.

Ipswich Investment Management Company 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.

Ipswich Investment Management Company: assets under management

The assets under management (AUM) of Ipswich Investment Management Company, Inc. is $453.32 million. The firm's AUM has grown by 433% since the beginning of its operation, and $7.36 million of the total AUM is attributable to clients outside of the United States.

The firm manages $398.56 million in discretionary accounts and $54.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $815.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.49 million.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is government bonds, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ipswich Investment Management Company, Inc. 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 Ipswich Investment Management Company serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ipswich Investment Management Company is high net worth individuals with 39 clients and $245.94 million of assets under management. Among the 9 most similar advisory firms, Ipswich Investment Management Company has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $453.32 million for 217 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Ipswich Investment Management Company doesn't advise any private funds.

Careers at Ipswich Investment Management Company, Inc.

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
William George Markos	Owner	1 Feb 1986	75% - 100%	xxx-xx-xxxx
Kathleen Boyd	Part-time associate	1 Sep 1999	Other	2630279
Molly Adams Morin	Vice president	1 Aug 2000	Other	4375651
Frances Anne Cotton	Vice president	1 Jan 2001	Other	2184027
Janine Melanie Mcnamara	Office manager	1 Apr 2001	Other	4401929
Sheila Catherine Brand	Vice president	1 May 2001	Other	4410030
Annemarie Santeusanio	Vice president - operations	1 Jan 2002	Other	4505391
Albert Cushing Titcomb	Senior vice president	1 Sep 2004	Other	5033851
Annemarie Santeusanio	Vice president and chief compliance officer	1 Jun 2005	Other	4505391
Annemarie Santeusanio	Vice president	1 Dec 2005	Other	4505391
Albert Cushing Titcomb	Presidentand chief compliance officer	1 Dec 2005	Other	5033851
Alexander M. Colby	Trustee	1 Sep 2006	Other	2559042
Eric Harrison Jostrom	Chairman & chief investment officer	1 Jan 2007	Other	262381
Annemarie Santeusanio	Vice president & treasurer	1 Jan 2007	Other	4505391
Albert Cushing Titcomb	Presidentand chief compliance officer	1 Jan 2007	25% - 50%	5033851
Alexander M. Colby	Senior vice president & managing director	1 Jan 2007	Other	2559042
Kieran Thomas O'neill	Vp operations	1 Aug 2008	Other	5614639
Patricia Anne Bowlin	Senior vice president & managing director	1 Feb 2010	Other	2681885
James R Mccall	Senior vice president	1 Oct 2012	Other	2557718
Karen Ciszewski Cole	Sr. vice president	1 Jan 2014	Other	1208070
Albert Cushing Titcomb	Executive vice president, coo & chief compliance officer	1 Nov 2014	25% - 50%	5033851
Alexander M. Colby	President, ceo & managing director	1 Nov 2014	Other	2559042
Janell Phillips	Senior vice president	1 Jun 2017	Other	2378496

Based in Ipswich

The principal office where Ipswich Investment Management Company, Inc. performs its advisory services is located at 53 S. Main Street, Ipswich, MA 01938 2321, 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 978-356-6333 or by fax 978-356-2176. The normal business hours are 9:00a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ipswichinvestment.com.