Sensible Financial Planning And Management, LLC (Waltham)

Name: Sensible Financial Planning And Management, LLC
Address: 203 Crescent Street, Waltham, MA, 02453
Telephone: 781-642-0890

Sensible Financial Planning And Management, LLC is a large advisory firm based in Waltham. It manages $426.21 million of regulatory assets for 1,254 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Connecticut, Florida, and 10 other states.

Sensible Financial Planning And Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sensible Financial Planning And Management: assets under management

The assets under management (AUM) of Sensible Financial Planning And Management, LLC is $426.21 million. The firm's AUM has grown by 839% since the beginning of its operation, and $381.22 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $364.38 million in discretionary accounts and $61.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $313.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $664.87 thousand.

Sensible Financial Planning And Management has custody of $120.2 million in cash and securities for 92 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 40% of the firm’s portfolio. Investments in government bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sensible Financial Planning And Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Sensible Financial Planning And Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sensible Financial Planning And Management is high net worth individuals with 74 clients and $257.78 million of assets under management. Among the 9 most similar advisory firms, Sensible Financial Planning And Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $422.31 million for 248 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.

Sensible Financial Planning And Management doesn't advise any private funds.

Careers at Sensible Financial Planning And Management, LLC

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 7 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 compensates 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
Jr. Frederick Hotchkiss Miller	Managing member and ceo	1 Mar 2002	75% - 100%	4540301
Linda I Miller	Member	1 Mar 2002	25% - 50%	1505657
Richard Donald Fine	Financial planner and senior advisor	1 Sep 2003	Other	5567377
Charles Luce	Chief compliance officer	1 Feb 2017	Other	6763055

Based in Waltham

The principal office where Sensible Financial Planning And Management, LLC performs its advisory services is located at 203 Crescent Street, Waltham, MA 02453, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-642-0890 or by fax 781-810-4830. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at sensiblefinancialplanning.com.