Altschuler, James Stephen (Lexington)

Name: Altschuler, James Stephen
Address: 594 Marrett Road, Suite 13, Lexington, MA, 02421
Telephone: 781-674-2297

Altschuler, James Stephen is a large advisory firm based in Lexington. It manages $143.41 million of regulatory assets for 175 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Massachusetts.

Altschuler, James Stephen provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Altschuler, James Stephen: assets under management

The assets under management (AUM) of Altschuler, James Stephen is $143.41 million. The firm's AUM has grown by 248% since the beginning of its operation, and $746.39 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $135.06 million in discretionary accounts and $8.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $785.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.78 million.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in non-exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altschuler, James Stephen for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Altschuler, James Stephen serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Altschuler, James Stephen is high net worth individuals with 54 clients and $69.95 million of assets under management. Among the 12 most similar advisory firms, Altschuler, James Stephen has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $87.86 million for 107 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.

Altschuler, James Stephen doesn't advise any private funds.

Careers at Altschuler, James Stephen

The company employs 3 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Stephen Altschuler	Sole proprietor & chief compliance officer	1 Apr 1994	75% - 100%	2641104

Based in Lexington

The principal office where Altschuler, James Stephen performs its advisory services is located at 594 Marrett Road, Suite 13, Lexington, MA 02421, 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 781-674-2297 or by fax 781-674-2298. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at altschulerfinancial.com.