Coburn & Meredith, Inc. (Simsbury)


Coburn & Meredith, Inc. is a large advisory firm based in Simsbury. It manages $291.66 million of regulatory assets for 1,335 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Colorado, Connecticut, and 25 other states.

Coburn & Meredith provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Coburn & Meredith: assets under management

The assets under management (AUM) of Coburn & Meredith, Inc. is $291.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 145% since the beginning of its operation, and $750 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $291.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $218.47 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Coburn & Meredith, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark William Meredith serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mark William Meredith is individuals with 1,265 clients and $179.26 million of assets under management. Among the 11 most similar advisory firms, Coburn & Meredith has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $286.83 million for 1,324 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.

Coburn & Meredith doesn't advise any private funds.

Careers at Coburn & Meredith, Inc.

The company employs 24 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 20 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.

Mark William Meredith has been acting as President since 1 Jun 2010. Sean Francis Flaherty joined the executive team most recently as the Rop.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Barry Mohun Coburn Board of directors, trustee for coburn trust, shareholder 1 Jun 1963 50% - 75% 49264
Coburn Family Trust Shareholder 1 Jan 1987 Other 06-6326605
Barry Mohun Coburn Trustee, coburn family trust 1 Jan 1987 Other 49264
Coburn Family Trust Barry M Coburn Trustee Shareholder 1 Jan 1987 Other 06-6326605
David Scott Coburn Secretary 1 Feb 1988 Other 1161246
Elizabeth Coburn Derway Chief compliance officer, finop, secretary,shareholder 1 Oct 1992 Other 1873991
Martin Stephen Bodner Executive vice president 1 Aug 2007 Other xxx-xx-xxxx
David Scott Coburn President, chairman, treasurer, shareholder 1 May 2010 Other 1161246
Mark William Meredith Shareholder/director 1 Jun 2010 Other 727006
Amy C Ferris Director 1 Jul 2010 Other 5828896
Jane Murphy Coburn Director 1 Jul 2010 Other 2086866
Sean Francis Flaherty Rop 1 Jun 2017 Other xxx-xx-xxxx
Mark William Meredith Common shareholder 1 Jan 2018 Other xxx-xx-xxxx

Based in Simsbury

The principal office where Coburn & Meredith, Inc. performs its advisory services is located at 1 Old Mill Lane, Simsbury, CT 06070, which is also the mailing address of the firm. An additional office of the firm is in Stafford Springs, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860.522.7171 or by fax 860.408.9519. 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 bostonharborgroup.com and its LinkedIn profile.